Melrose Results Presentation Deck

Highlights Ahead of plan, the opening net debt¹ of £3.4 billion at the GKN acquisition has been fully repaid in less than four years, save cash returned to shareholders over the period, helping to protect shareholder value and de-risking the GKN transformation during some of the most challenging trading conditions Melrose I F Melrose has improved its ESG positioning and reporting in the year, including highlighting the substantial benefits delivered by its proprietary sustainable technology. A new stand-alone Melrose Sustainability Report will be published, for the first time, alongside the 2021 Annual Report A final dividend of 1.0 pence per share is proposed, up by one third on last year, giving a full year dividend of 1.75 pence per share Businesses ■ I ■ The GKN UK pension schemes are now in surplus helped by £1 in every £3 of free cash flow¹ since acquisition being paid into the Group's pension schemes, thereby freeing up more free cash flow¹ in the future ■ Aerospace has seen adjusted¹ operating margins improve by c.4 percentage points and growth return with sales in the second half of 2021 up 18%² on 2020. Under new leadership, it has materially advanced the restructuring of its cost base and operations, with all required significant restructuring projects now underway The underlying qualities of the Aerospace businesses are being improved including the accelerated development of new sustainable technologies. The Group will also benefit from exceptionally strong long-term future cash flows in Engines. An Aerospace Investor Day is to be held on 8 June 2022 to explain its exciting full shareholder value potential Automotive ended the year positively with 2021 fourth quarter sales up 12% on the third quarter, being almost back to levels seen in the first half of the year. Sales in early 2022 have started similarly positively, consistent with the most recent industry data Powder Metallurgy sales volume grew at more than double the rate of growth in car production in 2021 due to continued significant market share gains In 2021, adjusted¹ operating margins in both Automotive and Powder Metallurgy more than doubled despite the well-publicised supply challenges. During 2022, the full run rate benefits from the required restructuring projects in Automotive and Powder Metallurgy will materialise giving the opportunity to realise this shareholder value Buy Improve Sell 1. Described in the glossary to the Preliminary Announcement and considered by the Board to be a key measure performance 2. Based on existing businesses at 31 December 2021 LO 5

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