#1London Stock Exchange Group Investor Education Event - 2 July 2021 OLSEG BICTUM MEUM PACTUM ESS Waken#2Upcoming investor events for 2021 TODAY Investor Education Event Data & Analytics overview Trading & Banking Solutions, Enterprise Data Solutions, and Customer & Third Party Risk Solutions WALSEG BICTUM MEUN PACTURI AUGUST H1 results Including cost, synergies and investment programme updates OCTOBER Investor Education Event Data & Analytics overview Investment Solutions, Wealth Solutions, and FX Trading venues OCTOBER Q3 results 2 10#3Today's event WALSEG BICTUM MEUN PACTURI - - - - Introduction David Schwimmer, CEO Data & Analytics Overview Andrea Remyn Stone, Group Head of Data & Analytics Enterprise Data Solutions Stuart Brown, Head of Enterprise Data Solutions Trading & Banking Solutions Dean Berry, Head of Trading & Banking Solutions Customer & Third Party Risk Solutions Phil Cotter, Head of Customer & Third Party Risk Q&A 3#4LSEG is a leading financial markets infrastructure and data provider Global footprint BICTUM MEUN PACTURI WALSEG Multi-asset class capabilities Market-leading data and analytics at scale Operating across the capital markets value chain CAPITAL FORMATION | PRE-TRADE DECISIONING | TRADE EXECUTION | POST TRADE A successful Open approach Driving financial stability, empowering economies and enabling customers to create sustainable growth 4#5Successfully executing at pace on integration and synergies Integration on track Good progress achieving cost synergies Strong financial position Confidence in revenue growth target WOLSEG BICTUM MEUN PACTURI - - - Good progress on multiple workstreams £40 million run-rate realised in Q1 2021 Completed divestment of Borsa Italiana - reducing Group leverage and refinancing debt Group financial targets unchanged 5#6Creating an open ecosystem of connected businesses driven by customer demand WALSEG BICTUM MEUN PACTURI LATFORM Post Trade analytics products Clearing data informs new risk Data & Analytics Data Analytics Distribution Data to inform and manage risk, capital and optimisation models Data supports investment decisioning and transaction analytics Trading information and workflow integration DATA PLATFORM data generated Multi-asset class trading DATA PLATFORM Capital Markets 6#7Delivering sustainable growth in Data & Analytics - Long-term structural tailwinds support growth ambitions – total addressable market segment growing at 4-6% p.a. - Investment programme substantially increased under Blackstone ownership with revenue growth trajectory improving Strong competitive advantages - Large opportunity set from the breadth and depth of proprietary and third party data - Serving the entire value chain across the globe - with virtuous circle of growing and improved data - World class analytics improve the quality of data through customer consumption Benefits of combination with LSEG - delivery of revenue synergies underway High-quality recurring revenues with high visibility - Strong management team with extensive market experience focused on execution of clear strategy - WOLSEG 7#8Increasing momentum to deliver 4-6% p.a. revenue growth 1 2 3 BICTUM MEUN PACTURI Improve execution Enhance the customer experience WALSEG Prioritise synergies and growth through targeted investment Continue to realign sales and go-to-market delivery - Increase capacity for content creation - - Create value and simplify through cloud-based, open platform. - Deliver next-generation user interface, e.g. Workspace Deliver the revenue synergies with broader product and distribution - Focus on high-growth areas with differentiated data and LSEG ecosystem 8#9Data & Analytics overview Andrea Remyn Stone OLSEG BICTUM MEUM PACTUM Waken 9#10Deep expertise in driving value from data and technology Andrea Remyn Stone WALSEG BICTUM MEUN PACTURI - 20+ years in financial services; strong focus on data and technology Joined Refinitiv as Chief Customer Proposition Officer in February 2020 Executive roles at Standard & Poor's, Bloomberg, McGraw Hill and Dealogic Early roles as an equity research analyst and convertible bond salesperson 10#11Introduction to our business OLSEG BICTUM MEUM PACTUM Waken#12Strong and experienced business leadership Enterprise Data Solutions Trading & Banking Solutions Customer & Third Party Risk Solutions £1.2bn 2020 pro-forma revenue(1) Solutions for data management, valuation services, technology organisation Stuart Brown - Worked in trading and financial data industry for 25 years - Last 15 years spent in Asia leading growth of Refinitiv's Emerging & Frontier Markets revenue - Also ran several other pan-Refinitiv businesses WALSEG BICTUM MEUN PACTURI £1.6bn 2020 pro-forma revenue (1) Solutions for trading, capital markets, treasury management, M&A advisory, risk management Dean Berry - Joined November 2020, having spent over 16 years running Trading businesses at several of the largest European banks - Before that spent nine years running electronic businesses at ICAP and BGC Partners - Previously worked across the globe in Japan, Singapore, Frankfurt and London £0.3bn 2020 pro-forma revenue (¹) Solutions for financial crime, KYC, compliance and fraud prevention, entity verification Note: (1) All revenue metrics are 2020 pro-forma excluding Recoveries Phil Cotter - Worked in Risk data and analytics for over 25 years including 16 years at Experian - From 2006-2011 led the Experian Credit Services Division in the UK, which included the core Consumer Credit Bureau, Business Information, Automotive & Insurance businesses - Joined Thomson Reuters in 2014 Investment Solutions £1.1bn 2020 pro-forma revenue (¹) Solutions for investment product creation, portfolio management, investment research, data, analytics and indices Lea Carty - Joined LSEG in 2021 - Over 25 years' leadership experience in indexing and portfolio analytics, gained in senior roles including Moody's and Lehman Brothers - - Over 10 years at Bloomberg; global head of buyside solutions - developed and ran the portfolio analytics and index business, including the acquisition of Barclays Risk Analytics & Index Services Wealth Solutions £0.5bn 2020 pro-forma revenue (¹) Solutions for wealth advisory, wealth operations, wealth aggregators and distributors Sabrina Bailey - Joined LSEG in 2021 from Northern Trust and has over 20 years' experience in wealth management, including leadership roles at Mercer and Willis Towers Watson - - Extensive career spanning retail investment and institutional wealth management; recently focused on addressing digitisation of wealth services 12#13We serve large and growing markets Industry growth is driven by multiple structural trends Technology Big data and scale computing Collaboration and the digital experience Electronification and trade automation - Regulation - - - - Data Innovation Alternative data and new types of data Insight from machine learning and Al Societal Change Market structure change - Regulatory reporting KYC and operational risk ESG/Sustainable finance and investment - - Ways of working Distribution of global wealth - WALSEG BICTUM MEUN PACTURI Strong presence in a c.£40-45bn addressable segment growing at 4-6% Our market segment in 2025 £50-55bn | +4-6% 2025 estimated TAM | 2020-25 CAGR The Data and Analytics market segment in 2020 £40-45bn FY 2020 TAM LSEG D&A £5.0bn (1) FY 2020 revenue Note: TAM Methodology: Based on a combination of public sources, third party research, proprietary market intelligence; validated with subject matter experts. (1) Data & Analytics revenue refers to pro-forma revenues for 2020 and includes recoveries 13#14Data & Analytics serves the full breadth of the financial community The core of our business Data We collect, aggregate and manage data from across the global financial market Analytics & Indices We enrich data and generate new value by building out analytical models and indices Distribution We distribute to humans and machines, and build products that enable workflows WOLSEG BICTUM GEUN FACTUR Aligned to customer communities Enterprise Data Solutions Trading & Banking Solutions Customer & Third Party Risk Solutions Investment Solutions Wealth Solutions Delivered at scale, to the breadth of the financial system Asset Owners Central Banks, Governments & Regulators Asset Servicers (e.g. Custodians) Platforms & Partners Corporates Asset Managers & Hedge Funds Investment Banks Retail & Private Banks Exchanges Wealth Managers & Advisors 14#15Data & Analytics is strongly positioned across a diverse customer base 40,000+ customers 30 of the 30 largest banks by total assets WOLSEG >400,000 end users 42 of the 50 largest corporates in the world by market capitalisation 150 central bank customers 2,200+ partners 10 of the 10 largest asset managers by AUM 15#16A diversified base of high-quality recurring revenues Geographically balanced revenue base High proportion of reliable, recurring revenue O O O 44% Americas 37% EMEA 93% Recurring 7% Non-recurring 19% APAC Diverse customer revenues 34% Trading & Banking 25% Enterprise Data 24% Investment Solutions 11% Wealth 6% Customer & Third-party Risk WALSEG BICTUM MEUN PACTURI Note: All revenue metrics are 2020 pro-forma excluding Recoveries 16#17We go to market globally and are differentiated in our local market presence and expertise A global team of 2,500 sales professionals BICTUM MEUN PACTURI Aligned by business and by region A global team of 6,000 data professionals Operating within 70 countries WALSEG More than 50% of our people are based in APAC 30% of our team are based in the UK and US combined 17#18Supported by commercial models aligned to customer needs 은 BICTUM MEUN PACTURI Subscriptions Transaction/Servicing fees WALSEG Enterprise Agreements 009 Assets Under Management High recurring revenues driven by strong retention levels - 90.5%(¹) Note: (1) Represents a 12-month rolling product retention rate as at Q1 2021 for the Data & Analytics business that were part of Refinitiv 18#19Our competitive advantages WOLSEG#20Our increased scale provides a more extensive customer offering Data & Analytics Revenue(1¹2) (£m) 5000 4000 3000 2000 1000 0 OLSEG Data & Analytics WALSEG BICTUM MEUN PACTURI S&P Global + IHS Markit Financial data & indices service markets only (3) MOODY'S Analytics Ice Financial Data & Services only MSCI Note: (1) All financials are sourced from publicly available company reporting. LSEG data is 2020 pro forma and excludes recoveries (2) All financials converted to GBP using the average 2020 GBP/USD FX rate of 0.78 (3) Proforma revenues of S&P and IHS Markit. The companies announced a proposed merger in November 2020, subject to various approvals, and have stated they expect the transaction to close in H2 2021. FACTSET Index Providers Processors/Servicing Data Providers Broadridge Global Tech & Operations + ITIVITI Source: Company reporting Only largest publicly owned competition included, not exhaustive 20#21Highly differentiated offering and open model Global footprint Delivering to customers in c.190 countries. - Operating globally 2,500 sales and 6,000 operations and support people Local expertise and relationships - Breadth of offering across the financial markets value chain - Data and insight through pre-trade to post-trade - Established partner for customers across their businesses processes WALSEG BICTUM MEUN PACTURI DICTUM MEUM PACTUM LSEG OPEN MAKES MORE POSSIBLE Multi-asset class capabilities Deep coverage across asset classes - Leadership in FX, commodities and banking - Differentiated data opportunities created by capital markets venues and post-trade processing - Differentiated, proprietary data and analytics - High-quality insights and data - Established market standards - Continuous innovation of new solutions 21#22Serving the whole value chain creates material growth opportunities Capital Formation & Issuance Private Placements IFR INTERNATIONAL FINANCING REVIEW Public Issuance & Issuer Services Capital Formation Data LPC WOLSEG Pre-Trade & Liquidity Discovery Investment Reference Pre-Trade Design & Data & Data & Research Onboarding Analytics Pre-Trade Data REFINITIV WORLD-CHECK® FTSE Russell Yield Book REFINITIV LIPPER Price & Liquidity Discovery Trade Execution REFINITIV STARMINE Trade Execution Workflow DATA & ANALYTICS Venue Data REFINITIV REDI EMS Execution Trading Venues REFINITIVⓇ REFINITIV REFINITIV DATASTREAM AUTEX® ALPHADESK REFINITIV CALLOUTS Post-Trade & Capital Optimisation Clearing Settlement Reporting & Asset Services Post-Trade Data REFINITIV BETA REFINITIV DATASCOPE Post-Trade Data & Analytics REFINITIV TRADE NOTIFICATION 22#23A highly scalable data business We operate a highly scalable data business Data Analytics & Indices Distribution WOLSEG BICTUM GEUN PACTURI Proprietary Data Cleanse & normalise "Make it practical" User interfaces Public Data Enterprise Data Solutions Integrate "Make it logical" e.g. reference data, metadata Enriched Data | Analytics | Managed Data Services | Indices Feeds Customer, Partner & Third Party Data Trading & Banking Solutions API Customer & Third Party Risk Solutions Tag & link "Make it relatable" e.g. symbology, identifiers Exchange Data Databases/ cloud Investment Solutions Third Party platforms Wealth Solutions 1 3 2 Unparalleled expertise in managing data 4 Differentiation 5 Leading breadth and depth of data World-class indices and analytics Multichannel, open distribution Products tailored to customer needs 23#24Strong ESG credentials underpin opportunities across Data & Analytics Bringing scale and breath to sustainable finance and investment Covering 450 metrics across ESG categories for 10,000 companies across fixed income and equities Macro datasets added to establish the sustainability footprint of countries Green Revenues data model - - Leading provider of green league tables Focus on climate data, analytics and indexes Climate WGBI/EGBI FTSE TPI Index - FTSE4Good Index series - WOLSEG COP26 Glasgow - Developing thought leadership and getting behind Climate Summit as market accelerator Green crime screening - Partnering to create tools to help disrupt criminal networks. We can now unwrap ownership hierarchies across more than 200 countries and screen the associated entities for potential risks, including those relating to green crime Future opportunities across the sustainable finance landscape Extend our sustainable finance and investment data, analytics and benchmarks across asset classes and across a wider investable universe Developing capabilities to help our customers prepare for incoming sustainable finance and investment regulations 24#25Why we are excited about the Data & Analytics business Well positioned to capitalise on long-term structural tailwinds Creation of a virtuous circle when our world class analytics are powered by our data WALSEG BICTUM MEUN PACTURI Core competencies across our business model with investment in Data Platform and Workspace to provide stronger customer benefits Ability to anticipate market needs and assemble insightful products combining proprietary and third party data 25#26Delivering on our growth plan WOLSEG#27We have made considerable progress and have momentum An acceleration is underway in our business Divisional revenues (1) £4.8bn 2018 +1.7% YoY WALSEG BICTUM MEUN PACTURI £4.9bn 2019 +2.2% YoY £5.0bn 2020 +4-6% medium-term growth ambition The result of doing the basics better... Customer Satisfaction Improved Customer Retention Increased Efficiency Speed To Market Enhanced Commercial Model Stronger Margin Likelihood to Recommend (2) increased from 75% in 2019 to 87% by end 2020 - +170bps improvement in retention, from the creation of Refinitiv to end 2020(3) - >60 products moved to end of life since 2018 - Workspace launched as an active product just 12 months after initial ideation - Launched enterprise commercial offering (e.g. Refinitiv Access) - - Run rate cost savings in excess of $650m delivered between 2018 to 2020 Note: (1) Revenues are pro-forma for the stated year and include recoveries (2) Source: Customer Experience Monitor - Likelihood to Recommend; percentage of >5600 respondents providing a score of 7+ out of 10 (3) Represents the change in product retention rate between Q1 2017 and Q4 2020 for the Data & Analytics businesses that were part of Refinitiv 27#28Accelerating growth from three key components of our operating plan 1 2 3 Improve execution BICTUM MEUN PACTURI Enhance the customer experience Prioritise synergies and growth through targeted investment WALSEG Improve sales and go-to-market execution - Increase capacity for content creation - Create value and simplify through platform strategy - Deliver next generation human interface (e.g. Workspace) Deliver the revenue synergies - Focus on high growth areas Increasing momentum to deliver 4-6% p.a. revenue growth 28#29#1 Improve execution by doing the basics better Enhance sales and go to market execution Increase capacity for content creation WALSEG BICTUM MEUN PACTURI 2020-2022 Improve alignment and customer coverage Focus on increasing usage and engagement Increase rigour of execution Process optimisation New tools to create differentiated data faster Training in data programming and data science - - | | | 2022-2024 Solution sales Digital sales channels New commercial models Process automation Machine learning and Al Streamlined content onboarding and concordance 29#30#2 Enhance the customer experience - via data platform enhancement Deliver the Data Platform - a single, consistent experience, making it easier for customers and partners to access, distribute, and develop with LSEG or in the cloud Challenges Vast and varied product portfolio SICTUM LICUN PACTUM Many products with multiple delivery channels Overlapping data sets WOLSEG Long time to market Complex to maintain Lack of integration across services User Interfaces Benefits Consistent data framework New Data Platform capabilities Feeds API Databases/ Cloud Standardised delivery channels Harmonised data sources Accelerated build and enhancement cycles Simplified products and infrastructure Open architecture components Third party platforms 30#31#2 Enhance the customer experience with a next-generation user interface Workspace - Meeting our customers where they need us to be ✓Cloud native; modern, open architecture ✓ Improved discovery; fast and intuitive to use ✓ Truly multi-modal: work across devices, from wherever customer wants ✓ Integrating leading messaging and collaboration platforms; more innovations to come WALSEG BICTUM MEUN PACTURI B8< Q Publ Desbord MARKETS COMPANY NEWS CHARTING PORTFOLIOS & MONITORS SEARCH TOOLS MY LAYOUTS Unsaved Templ... TRBC Economic Sector, Equity, Foxed Income, Miscellaneous, Cash, Shorts Included, USD, FX Enabled Phe Chart Weight Allocation As Of 02/28/2020 10:08:33 AM REPORT TABLE Portfolio MRS. J LLOYD Client Portfolio vs Model Portfolio Mrs. J. Lloyd vs Refinitiv Aggressive Gro.. 0 Dr. A. Villate vs Refinitiv Defensive Alloca Mrs B. Warner vs Refinitiv Balanced Alloc Mr W. Ferrand vs Refinitiv Moderate Gro... O Parke Family Portfolio vs Refinitiv Conser 0 Client Portfolio vs Benchmark Mrs. J. Lloyd vs Legg Mason ClearBridge- Dr A. Vilate vs Russell Mult-Asset Defen.. O Mrs B Warner vs DEKA MSCI EUROPE UO Mr. W. Ferrand vs Vanguard LifeStrategy. e Parke Family Portfolio vs Invesco Conser Miss V. Balanescu vs FTSE 100 9 Base USD USD USD USD ZAR USD USD USD USD ZAR USD Market Value 199.815,36777 94,143.63806B 337086,192.24 198.257,856.36 202.322.220.02 9414351028 99710.208.74 198,257,856.30 3112631,165.18 198.257.856.36 43.0%-NA 15.5%-Financials 100%-Technology 95%-Consumer Non-Cydicals 76%-Consumer Cyclical 47%-Basc Matenals 4.4%-Utites 21%-Industrias 20%-Healthcare 10%-Telecommunications Services 0.7%-Energy Portfolio Today's Gein/Loss 310094975 -2.402.76 8:049,348.58 -126716.08 -1.507.50965 -126,716:00 21.316.005 01 163.261.00 % Change 1:557 0.003 -2.900 0082 0.740 -0.003 0.000 0082 0687 0082 O Tornado Chart FX Return 0.009 0.000 0844 0.000 0.001 0.000 0.000 0.000 1,205 -1.399 0.000 -1.133 -1.545 0.003 0.003 0.000 Totel Return 0528 0.012 - . Change Top 5 Sectors & Change 0.250 0.000 0.000 0.000 0.000 -1.027 MRS. J. LLOYD 1000 0.000 Energy < PA & O ABB LTD BANK POLSKA KASA OPEKI SA DEERE & CO ENEL AMERICAS SA OLD DOMINION FREIGHT LINE INC SBERBANK ROSSI PAD SK HYNIX INC WATERS CORP ▸ LOCKHEED MARTIN CORP ENEL SPA FIRST INVESTMENT BANK AD BERDROLA SA R MIZUNO FINANCIAL GROUP INC AMERICAN INTERNATIONAL GRO ANA HOLDINGS INC BANK OF AMERICA CORP CITIGROUP INC CRH PLC PRINCIPAL FINANCIAL GROUP INC PORTFOLIOS & MONITORS - DX MARKETS At Cats W Daly Activity Consuet Now RearchEver Owenn Fangs Softer Phot CUSTOMIZE DATA ACTIVITY Company Name Total Activity JPMORGAN CHASE & CO NASDAQ INC + CELLNEX TELECOM SA EQUITABLE HOLDINGS INC KEYCORP +LIBERTY MEDIA CORP PUBLIC SERVICE ENTERPRISE GR ⠀⠀⠀ Highlights Surprise Trending #169 MY LAYOUTS #411 #271 2458 #475 #291 Events 58 2 Front Page IN CAZER FR Jaguar Land Rover posts record £3.6bn annual loss The car fim says focusing on the challenges of the hire where hend 19 pi HUAW Multinationals face heftier tax hit in biggest overhaul for decades 34 Make Trade minister Truss backs WTO reform Brexit San Smp Q Search 31 Move#32#2 Enhance the customer experience with an open approach Workspace is OPEN... designed for next-generation customer needs Workspace is built for "fincoders," users fluent in programming languages and companies that want more flexibility. It includes: Codebook, a cloud hosted development environment for "fincoders" to rapidly build their own models, applications, and analytics A software development kit to help organisations build their applications with our data and analytics Side-by-side APIs which helps users pass our data back and forth to customer and third-party applications Construction with open standards, like FDC3(¹), to support interoperability of applications WALSEG BICTUM MEUN PACTURI Notes: (1) Financial Desktop Connectivity and Collaboration Consortium (FDC3) Native coding enabling flexibility for users to integrate with Workspace As a Desktop 50 As data and analytics 0 As a Component Workspace application Customer or third-party application 32#33#2 Working with customers on a multi-year journey Data Platform Content availability Capabilities Simplification Workspace SICTUM LICUN PACTUM Product development WOLSEG 2021 70% real time 30% pricing/reference Data catalogues, directories, exploration tools, APIs 16 data centres to 6 2022 to 2024 Complete real time, pricing, reference, index data Customer Migrations Data controls, self-service, new distribution channels, new products Launched in banking and wealth management in 2020, Workspace for Analysts and Portfolio Managers in Q2 2021 and will be in beta for trading by year end in FX Longer-term/ongoing Customer Migrations Continued addition of new data and analytics Continued enhancements and innovation 33#34#3 Focus on synergies and growth opportunities Deliver revenue synergies Focus on high growth areas Utilise our connectivity WOLSEG SICTUM LICUN PACTUM — - T - Revenue synergies already being delivered New indices launched, more analytics sold to complementary customers globally and new distribution channels launching by year-end Continue to aggregate and create innovative data and analytics Enable new insights from customer and partner data at scale Connect to LSEG market ecosystem Long-term customer partnerships to deliver value 34#35#3 Data & Analytics benefiting from breadth of LSEG Reaching complementary customer bases BICTUM MEUN PACTURI Building new products with our breadth and depth Tapping into new distribution channels Connecting across the financial markets value chain Learning from each other's strengths WALSEG Examples of revenue synergies c. £3m of new run-rate PRS sales into FTSE Russell customers Launched a number products within the first 100 days as one company e.g. infra 360, 13 new ETFs, Refinitiv Wealth Connect and LCH Link into FXall Yield Book available in Datascope by Q3 and in Workspace by year end Connecting Yield Book analytics with municipal bond dealers community Combining ESG data sets and methodologies 35#36Accelerating momentum to deliver our growth targets 1 2 3 WALSEG BICTUM MEUN PACTURI Improve execution Enhance the customer experience Prioritise synergies and growth 2021 - - Improve sales and go-to-market execution Increase capacity for content creation 2022 to 2024 Create value and simplify through platform strategy Deliver next-generation user interface - Deliver the revenue synergies Focus on high-growth areas Longer-term/ongoing 36