Pearson Results Presentation Deck

42 Reconciliation: statutory to adjusted earnings 2019 £m Operating profit Net finance costs Profit before tax Income tax Profit for the year Minority interest Earnings Statutory 275 (43) 232 34 266 (2) 264 Restructuring 159 159 (35) 124 124 Other net gains and losses (16) (16) (68) (84) (84) Intangible charges 163 163 (48) 115 115 Other net finance costs 2 2 2 2 Tax amortisation benefit 28 28 28 Adjusted earnings 581 (41) 540 (89) 451 (2) 449

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