Melrose Results Presentation Deck

Pensions Melrose Buy Improve Sell Protecting members by further de-risking Aerospace UK pension plan ■ ■ Aerospace UK pension plan transferred to annuity provider Plan assets at 31 December 2022 Plan liabilities at 31 December 2022 Plan surplus at 31 December 2022 £m 485 (433) 52 Trustees of one of the two UK pension plans in Aerospace have signed a contract with a pension annuity provider to fully secure benefits for all members Cost to buyout the pension plan is c.£45 million Since acquiring GKN, in total Melrose has entered into contracts to buyout over £0.8 billion of pension liabilities with insurers 35

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