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Statement of Investment Principles


The Trustees of the Innovene Pension Plan (the Plan) are responsible for the Investment of the
Plan Assets. As part of statutory legislation they have to produce a Statement of Investment
Principles (SIP) detailing their objectives and the parameters they work within. This statement
has always been available to the members of the Plan on request.

New legislation has recently been enacted that requires the Trustees to also place this on a
searchable website. The Trustees have therefore agreed with the Company that the statement
can be located on the Company webpage and a copy is attached.