Pearson Results Presentation Deck

31 2021 assumptions Segment Virtual Learning Higher Education Assessment & Qualifications Workforce Skills English Language Learning Businesses under review 2021 revenue assumptions Virtual schools - Growth. H1 benefits from 20/21 school year enrolment increase, 21/22 enrolments broadly flat as 'COVID-19 cohort' partially returns to bricks and mortar schooling OPM is also expected to grow. Lower sales decline than 2020 with mix pricing pressure partially offset by further secondary market recapture and enrolment recovery Fall back to school not restricted by COVID-19 Growth COVID-19 impact in Q1 with local lockdowns and curfews, Q2 schools return to classroom, lockdowns slowly lifted with social distancing measures maintained US high stakes exams resume UK high stakes exams awarding through teacher assessment. Growth Strong demand for vocational training and upskilling and re-skilling Slow recovery for the full year as COVID-19 impact on migration and mobility continues in H1 Lockdowns expected to end in H1 with recovery in H2 to normal operations Recovery in International Courseware 2020 margin vs Pearson average VS OPM < > ^ || ||

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