Exor Investor Day

Lingotto Values Courage & Responsibility Having conviction in our differentiated analysis whilst embracing concentration and maintaining full accountability Ambition & Humility Encouraging diversity of opinion and rigorous thinking, we aim to deliver uncorrelated results Curiosity & Focus Appreciating the unexplored and the unconventional, while avoiding short-termism Patience & Drive Accepting volatility as an opportunity and not a risk, firmly believing in the benefits of long- term investing Culture rooted in transparency, autonomy and cooperation LINGOTTO INVESTMENT MANAGEMENT LLP 21

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