Melrose Results Presentation Deck

Reconciliation between statutory and adjusted¹ results Melrose Continuing operations £m Statutory operating loss Amortisation of intangible assets acquired in business combinations Restructuring costs Asset write downs due to COVID-19 (largely booked in H1) Exchange movements not hedge accounted Net release of fair value items Other Adjustments to statutory operating loss Adjusted¹ operating profit Continuing operations Statutory revenue Share of equity accounted investments Adjusted¹ revenue Statutory results The IFRS measure of results includes certain items which are significant in size or volatility or by nature are non-trading or non-recurring, or are items released to the Income Statement that were previously a fair value item booked on an acquisition I Adjusted¹ results The Melrose Board considers the adjusted results to be an important measure to monitor how the businesses are performing because they achieve consistency and comparability when all businesses are held for the complete reporting periods ■ Buy Improve Sell 1. Described in the glossary to the 2020 Preliminary Announcement, released on 4 March 2021 Restructuring costs £m Aerospace Automotive Powder Metallurgy Nortek Air Management Other Industrial Corporate Total Total (338) 526 220 184 (182) (118) 48 678 340 Income Statement charge 110 60 48 3 (3) 2 220 Cash spent in 2020 172 6 178 £m 8,770 591 9,361 Cash spent in year 42 97 18 4 9 2 172 10

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