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C A P I T A L M A R K E T S E V E N T

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THE DOCUMENT IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT A PRESENTATION AND IS PROVIDED FOR INFORMATION ONLY AND MUST NOT BE RELIED UPON FOR ANY PURPOSE. THIS PRESENTATION DOES NOT CONTAIN ALL OF THE INFORMATION MATERIAL TO AN INVESTOR.

IMPORTANT: Please read the following before continuing. The following applies to this document, which has been prepared solely for information purposes in relation to a company to be incorporated (the "Company") as the new ultimate holding company of the GKN Automotive, GKN Powder Metallurgy and GKN Hydrogen businesses (the "Business" and, together with the Company, the "Group"), to the oral presentation of the information in this document by members of the Business' management and to any question-and-answer session that follows the oral presentation (collectively, the "Information"), each of which should be considered together and not taken out of context.

This document is not, and should not be construed as, a prospectus or offering document, and has not been reviewed or approved by any regulatory or supervisory authority.

No representation, warranty or undertaking, express or implied, is or will be made by the Company or any other person as to, and no reliance should be placed on, the truth, fairness, accuracy, completeness or correctness of the Information or the opinions contained therein (and whether any information has been omitted from the Information) for any purpose. To the extent permitted by law, the Company, each member of the Group and their respective directors, officers, employees, affiliates, advisers and representatives (the "Representatives") disclaim all liability whatsoever (in negligence or otherwise) for any loss, however arising, directly or indirectly, from any use of the Information, this document or its contents or otherwise arising in connection with tahe Information.

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You should conduct your own independent investigation and assessment as to the validity of the Information, and the economic, financial, regulatory, taxation and accounting implications of that Information, and you confirm that you are not relying on any recommendation or statement of the Company, any member of the Group or their respective Representatives. You are strongly advised to consult your own independent advisers on any economic, financial, regulatory, legal, taxation and accounting issues relating to the information contained in the Information.

The Information may constitute or include forward-looking statements. These forward-looking statements reflect, at the time made, the Group's beliefs, intentions and current targets/aims. Forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future and are based upon various assumptions. Although the Group believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Actual results are subject to future events and uncertainties, which could materially impact the Group's actual performance. No representation or warranty, express or implied, is made that any of these forward-looking statements or forecasts will come to pass or that any forecast result will be achieved. No statement in the Information is intended to be nor may be construed as a profit forecast.

To the extent available, the industry, market and competitive position data contained in the Information comes from official or third party sources. While the Company believes that each of these publications, studies and surveys has been prepared by a reputable source, none of the Company, the Group nor any of their respective Representatives has independently verified the data contained therein. In addition, certain of the industry, market and competitive position data contained in the Information comes from the Group's own internal research and estimates. While the Group believes that such research and estimates are reasonable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change and correction without notice. Accordingly, reliance should not be placed on any of the industry, market or competitive position data contained in the Information.

This document is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration, that any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or the selling security holder and that will contain detailed information about the Company and management, as well as financial statements. Neither this document nor any copy of it may be taken or transmitted or distributed directly or indirectly, in or into or from the United States, or to persons in the United States within the meaning of Regulation S under the Securities Act, except to qualified institutional buyers ("QIBs") as defined in, and in reliance on, Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act") or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This presentation is only addressed to and directed at persons in member states of the European Economic Area (each a "Relevant State") who are "qualified investors" within the meaning of Regulation (EU) 2017/1129) (as amended, the "Prospectus Regulation") ("Qualified Investors"). In the United Kingdom, this presentation is being distributed only to, and is directed only at, persons who are "qualified investors" within the meaning of the Prospectus Regulation as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 who are persons (i) having professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Order"); or (ii) falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Order; or (iii) to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000, as amended), in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as "Relevant Persons"). This presentation must not be acted on or relied on (i) in the United Kingdom, by persons who are not Relevant Persons, and (ii) in any Relevant State, by persons who are not Qualified Investors. Any investment or investment activity to which this presentation relates is available only to or will be engaged in only with, (i) Relevant Persons in the United Kingdom, and (ii) Qualified Investors in any Relevant State.

This document is also not for publication, release or distribution in any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction nor should it be taken or transmitted into such jurisdiction and persons into whose possession this document comes should inform themselves about and observe any such restrictions. By accessing the Information, you represent that you are a person who is permitted under applicable law and regulation to receive the Information.

By attending the presentation or reading this document, or accepting delivery of or electronically accessing or reviewing the Information or accepting delivery of the Information you agree to the terms contained herein and to be bound by the foregoing obligations, restrictions, limitations and conditions and, in particular, will be taken to have represented, warranted and undertaken that (A) if in a Relevant State, you are a Qualified Investor; (B) if in the United Kingdom, you are a Relevant Person; and (C) if in the United States, you are a QIB, or (D) irrespective of where you are resident or incorporated, you are an institution that is permitted within your home jurisdiction and in the jurisdiction in which you are accessing the Information, under applicable law and regulation, to access the Information.

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Presenting to you today

Liam Butterworth

Dowlais CEO

(Current CEO, GKN Automotive)

Roberto Fioroni

Dowlais CFO

(Current CFO, GKN Automotive)

Diego Laurent

CEO

GKN Powder Metallurgy

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Introducing Dowlais

Dowlais

Liam Butterworth

Business context

Liam Butterworth

Divisional overview

GKN Automotive

Liam Butterworth, Roberto Fioroni

GKN Powder Metallurgy

Diego Laurent

GKN Hydrogen

Diego Laurent

Financial framework

Roberto Fioroni

Sustainability

Liam Butterworth

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Melrose Industries plc published this content on 19 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2023 14:00:04 UTC.