Melrose Results Presentation Deck

Pensions Melrose Pension schemes 31 December 2020 £m UK Europe USA Rest of World Total pension schemes Buy Improve Sell Accounting deficit by region 3 2 1 UK (14%) Europe (69%) USA (16%) ROW (1%) ■ Assets 3,442 27 271 35 3,775 Liabilities (3,560) (603) (408) (42) (4,613) Accounting surplus/ (deficit) (118) (576) (137) (7) (838) Year on year movement Only 14% of the Group deficit is from UK defined benefit schemes European schemes are largely 'pay as you go' 302 (43) 18 6 283 33

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