LSE Results Presentation Deck

2021 expense growth in-line with expectations; no change to 2022 & 2023 guidance Cost drivers Acquisition annualisation (Red Flag, GIACT) Technology, efficiency and dual-running costs Revenue synergy operating costs Ongoing costs (e.g. inflation, Tradeweb) In-year cost savings WOLSEG As per previous 2021 guidance 4.8% cost growth 2021 Note: All growth rates are stated on a constant currency basis No change to 2022 & 2023 cost guidance Low-single digit cost growth 2022 Low-single digit cost growth 2023 >50% EBITDA Margin and beyond... 30

View entire presentation