UK Platform Transformation Programme

H1 2020: Wealth Platforms Revenue £m -10% Expenses £m -6% 151 136 95 89 H1 2019 H1 2020 H1 2019 H1 2020 Lower revenues primarily due to Quilter Investment Platform's previously announced repricing and adverse FX and lower interest rates in Quilter International Good cost control and optimisation initiatives lowered cost base ➤ Asset retention remained strong, improving year-on-year 1. Annualised. Adjusted profit £m 37% -16% 35% Operating margin 56 47 H1 2019 H1 2020 KPIs H1 2020 H1 2019 Revenue margin bps 36 39 NCCF £bn 1.2 0.6 NCCF / Opening AuA¹ % 3 2 Closing AuA £bn 76.6 74.8 Average AuA £bn 74.5 71.6 Quilter 36

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