Exor Investor Day

WE ARE DISCIPLINED IN HOW WE ALLOCATE CAPITAL WHILE ENSURING A STRONG BALANCE SHEET AND A STABLE DIVIDEND Exor • Companies Investments Invest in existing companies Acquire new companies that have the potential to become great Consider company exits if we are no longer the best owner • Invest in Ventures, with exposure to early and late- stage opportunities Invest in Lingotto Funds, with exposure to public and private market strategies Assess allocation to Investments Buyback Invest in our own shares when terms are attractive We use a Portfolio Review Process to monitor and assess our portfolio and drive capital allocation decisions 26

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