Audit Committee Overview

BAE SYSTEMS Training All employees receive Code of Conduct training on induction and annual face to face refreshers thereafter Enhanced anti-corruption training is provided through biennial online Integrity In Business Dealings training depending on function and role Those engaged with the appointment, monitoring or payment of Advisers are required to do face-to-face advanced training on risks, red flags and processes to address risk Offset Policy • • . • Offset must be undertaken in accordance with our Code of Conduct and with clear levels of ownership and executive oversight Offset must be consistent with customers offset policies and proportionate to the value of related contracts Risk both financial and non-financial are clearly assessed and mitigated Offset proposals are subject to rigorous review and approvals process which includes risk based anti- corruption due diligence Certain offset is subject to review by external panel chaired by independent legal counsel Copyright 2020 BAE Systems. All Rights Reserved. BAE SYSTEMS is a registered trademark. 44

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