Melrose Investor Presentation Deck

Highlights Melrose Structural growth in core products Growth at 4% year-on-year, with electrification gains Market remaining constrained by semi-conductor and labour shortages, however, in-month order cancellations are reducing I . Well positioned to capture incremental electrification growth Substantial share gains in core Driveline products on electric vehicles and hybrids - promising future mix Clear momentum in delivering growth from electrification eDrive business growing strongly driven by the launch of 12 new programmes across 11 global brands Now supplying 7 of the top 10 BEV platforms I ■ Transforming the business with a clear path to >10% operating margin Adjusted¹ operating margin doubled in the year Restructuring accelerated, including Firenze site disposal and Birmingham closure on track for Q2 2022 During 2022, full run rate benefits from projects will materialise to achieve target margins when supply constraints ease H2 margins impacted by retaining capability and operational headcount ahead of expected 2022 volume increase Decisive actions being taken to offset inflation through further restructuring, procurement and pricing ■ ■ Cash well controlled with sustainable improvements in working capital Working capital managed closely through volatile demand caused by supply chain and labour constraints Restructuring self-funded through operational cash flow I Driving a cleaner, more sustainable world Leading technology contributes to the decarbonisation of the industry Intensive efforts to make products lighter and more efficient to reduce environmental impact I I Buy Improve Sell GKN Automotive Described in the glossary to the Preliminary Announcement and considered by the Board to be a key measure of performance Strictly Confidential 26

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