Associated British Foods Results Presentation Deck

Pensions 8 The Group's defined benefit pension scheme's aggregate surplus increased by 5% to £1,377m at the year end compared to last year's £1,314m Most recent triennial valuation as of April 2023 showed a surplus of £1,013m (April 2020: deficit of £302m) As agreed with the trustees in September, the Group will receive a cash flow benefit of approximately £70m per year from the abatement of UK employer pension contributions on both the defined benefit and defined contribution schemes with effect from the start of this year Associated British Foods plc

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