SAGA Investor Update

Unaudited operating results consistent with expectations Underlying PBT (unaudited) 2019/20 2018/19 Retail Broking £90.2m £105.8m (15%) • Underwriting £40.6m £86.7m (53%) Insurance £130.8m £192.5m (32%) Travel £19.8m £21.6m (8%) Other businesses £4.6m £3.1m 48% Central costs £(45.3)m £(37.1)m (22%) Underlying PBT £109.9m £180.1m (39%) SAGA Investor update 2 April 2020 Insurance results in line with expectations No reliance on 'extra' reserve releases Good year for Cruise Tour Operations impacted by challenging trading conditions Central costs reflect an investment into IT, consultancy costs and the centralisation of back office teams 12

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