Melrose Results Presentation Deck

Reconciliation between statutory and adjusted ¹ results Melrose Continuing operations £m Statutory operating profit Amortisation of intangible assets acquired in business combinations Restructuring costs Previously announced impairment of goodwill Net release of fair value items Exchange movements not hedge accounted Other Adjustments to statutory operating profit Adjusted¹ operating profit Continuing operations Statutory revenue Share of equity accounted investments Adjusted¹ revenue Statutory result The IFRS measure of results includes certain items which are significant in size or volatility or by nature are non-trading or non-recurring, or are items released to the Income Statement that were previously a fair value item booked on an acquisition Adjusted¹ results The Melrose Board considers the adjusted results to be an important measure to monitor how the businesses are performing because they achieve consistency and comparability when all businesses are held for the complete reporting periods I Buy Improve Sell 1. Described in the glossary to the 2019 Preliminary Announcement, released on 5 March 2020 Restructuring costs £m Aerospace Automotive Powder Metallurgy Nortek Air Management Other Industrial Corporate Total Total 318 534 238 179 (153) (55) 41 784 1,102 Income Statement charge 79 83 19 11 37 9 238 Cash spent in 2019 190 (2) 188 £m 10,967 625 11,592 Cash spent in 2019 46 58 17 14 50 5 190 7

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