LSE Results Presentation Deck

Updating our cost synergy target: targeting at least £400m of cost synergies by 2025(¹), a £50m increase on initial target(2) £350m Initial target £50m WOLSEG £400m Additional savings Revised target Plus small additional benefits to depreciation and long-term capex spend - Hands-on experience has aided identification of additional savings: Property rationalisation Process simplification. Aligned with ongoing work towards creating a more seamless customer experience One-time costs of 1.9x the recurring synergy benefit, falling to 1.6x including gains on associated property disposals (1) End of period run-rate cost synergies (2) Initial cost synergy guidance provided at the time of announcement of the Refinitiv acquisition in August 2019 32

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