Statement of Directors’ Responsibilities

Statement of Director’s Responsibilities

Directors’ Responsibilities for the Financial Statements

The Directors are responsible for preparing the Annual Report, Directors’ Remuneration Report and the Financial Statements in accordance with applicable law and regulations. Companies (Jersey) Law 1991 (“Company Law”) requires the Directors to prepare Financial Statements for eachfinancialyear.TheDirectors are required by the IAS Regulation to prepare the Group Financial Statements under IFRS (International Financial Reporting Standards) as adopted by the European Union. The Financial Statements are also required by Company Law to give a true and fairviewofthestateofaffairsofthe Companyandoftheprofitorlossofthe Company for that period. International Accounting Standard 1 requires that Financial Statements presentfairlyforeachfinancialyear theGroup’sfinancialposition,financial performanceandcashflows.This requires the faithful representation of theeffectsoftransactions,otherevents and conditions in accordance with the definitionsandrecognitioncriteriafor assets, liabilities, income and expenses set out in the International Accounting Standards Board’s ‘Framework for the preparation and presentation of financialstatements’.Invirtuallyall circumstances, a fair presentation will be achieved by compliance with all applicable IFRS. However, Directors are also required to: • properly select and apply accounting policies; • present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;

• provide additional disclosures whencompliancewiththespecific requirementsinIFRSareinsufficientto enable users to understand the impact of particular transactions, other events andconditionsontheentity’sfinancial positionandfinancialperformance; and

• make an assessment of the Company’s ability to continue as a going concern.

The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financialpositionoftheCompanyand Group and enable them to ensure that thefinancialstatementscomplywiththe Companies (Jersey) Law 1991. They are also responsible for safeguarding the assets of the Company and Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Directors are responsible for the maintenance and integrity of the corporateandfinancialinformation included on the Company’s website. Legislation in Jersey and in the United Kingdom governing the preparation and dissemination of Financial Statements maydifferfromlegislationinother jurisdictions. The Directors consider that the Group has adequate resources to continue in operational existence for the foreseeable future. The Financial Statements are therefore prepared on a going concern basis. Further details of the Group’s going concern review are provided in note1ofthefinancialstatementson page 90. Having taken advice from the ARC, the Board considers the Annual Report and financialstatements,takenasawhole, to be fair, balanced and understandable and that they provide the information necessary for shareholders to assess the Company’s and Group’s performance, business model and strategy.

Responsibility Statement

Weconfirmthattothebestofour knowledge: • thefinancialstatements,preparedin accordance with International Financial

Reporting Standards as adopted by the

European Union, give a true and fair viewoftheassets,liabilities,financial positionandprofitoftheCompany and the undertakings included in the consolidation taken as a whole; and

• the management report includes a fair review of the development and performance of the business and the position of the Company and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face. By order of the Board

C.J. AMBLER Chief Executive Finance Director 20 December 2022

M.P. MAGEE Finance Director 20 December 2022