Melrose Investor Presentation Deck

(N) GKN AEROSPACE GTF situation overview Situation GKN Engines has long-standing positive relationship with P&W and RRSP partners through multiple engines including highly successful V2500 GTF is fundamentally an excellent engine with leading architecture and fuel economy, plus a long order backlog GTF has early service learnings that are typical of engines in this stage of lifecycle, however, time on wing better than V2500 at this point in the programme lifecycle Main legacy issue is around durability in harsh operating environments, and this is addressed through Block D upgrades which are now incorporated in both MRO upgrades and new engine deliveries Current issue relates to P&W manufacturing process problem with some powdered metal production between Q4 2015 and Q3 2021 Global fleet management plan created by P&W to inspect GTFs that are potentially impacted - cost of required work estimated by P&W at c.US$1.5 billion over four years Current MRO capacity and spare parts availability will result in significant queue times while aircraft waiting on ground for required work – resulting customer compensation estimated by P&W at US$4.5 - US$5.5 billion GTF remains well positioned to sustain its position as engine of choice on longer-range A320 fleet in years ahead Fundamentally excellent engine, issues being resolved 27

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