<SEC-DOCUMENT>0000903423-16-001199.txt : 20160809
<SEC-HEADER>0000903423-16-001199.hdr.sgml : 20160809
<ACCEPTANCE-DATETIME>20160809170225
ACCESSION NUMBER:		0000903423-16-001199
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160809
FILED AS OF DATE:		20160809
DATE AS OF CHANGE:		20160809

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LUXFER HOLDINGS PLC
		CENTRAL INDEX KEY:			0001096056
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INORGANIC CHEMICALS [2810]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35370
		FILM NUMBER:		161819042

	BUSINESS ADDRESS:	
		STREET 1:		ANCHORAGE GATEWAY
		STREET 2:		5 ANCHORAGE QUAY
		CITY:			SALFORD
		STATE:			X0
		ZIP:			M50 3XE
		BUSINESS PHONE:		44161300-0600

	MAIL ADDRESS:	
		STREET 1:		ANCHORAGE GATEWAY
		STREET 2:		5 ANCHORAGE QUAY
		CITY:			SALFORD
		STATE:			X0
		ZIP:			M50 3XE
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>luxfer6k_0809.htm
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<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT><B><FONT STYLE="font-family: MS Mincho">&#8232;</FONT></B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington D.C. 20549</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Report of Foreign Private Issuer</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Rule 13a-16 or 15d-16
of </B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">For the month of August 2016</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Commission File Number: 001-35370</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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        <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Luxfer Holdings PLC</B></P>
        <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(Name of registrant)</P>
        <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Anchorage Gateway</P>
        <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Anchorage Quay</P>
        <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Salford M50 3XE England</P>
        <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive offices)</P></TD></TR>
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<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Indicate by check mark whether the registrant
files or</P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">will
file annual reports under cover Form 20-F or Form 40-F.</FONT><FONT STYLE="font-family: MS Mincho">&#8232;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">Form
20-F </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#254; </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">Form
40-F</FONT><FONT STYLE="font-family: MS Mincho; font-size: 12pt">&#8232;</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT></P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">--</FONT><FONT STYLE="font-family: MS Mincho">&#8232;</FONT></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Regulation S-T Rule 101(b)(1): ____</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Regulation S-T Rule 101(b)(7): ____</P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">--</FONT><FONT STYLE="font-family: MS Mincho">&#8232;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Indicate by check mark whether the registrant
by furnishing the</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">information contained in this Form is
also thereby furnishing the</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">information to the Commission pursuant
to Rule 12g3-2(b) under the</P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Securities
Exchange Act of 1934.</FONT><FONT STYLE="font-family: MS Mincho">&#8232;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">Yes&nbsp;</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;
No </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#254; </FONT></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">--</P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><BR> </P>




<P STYLE="font: 18pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt"><B>Luxfer reports second-quarter results </B></P>

<P STYLE="font: 9.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">SALFORD, England&mdash;(August 9,
2016)&mdash;<B>Luxfer Group (NYSE:LXFR)</B>, a global materials technology company, today issued its unaudited financial results
for the three-month and six-month periods ended June 30, 2016.</P>

<P STYLE="font: bold 10pt/93% Arial, Helvetica, Sans-Serif; margin: 0; text-align: left; color: #0070C0">UNAUDITED FINANCIAL RESULTS
FOR THE SECOND QUARTER OF 2016</P>

<P STYLE="font: bold 9pt/93% Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: bold 9pt/93% Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">Results are summarized as follows:</P>

<P STYLE="font: bold 9pt/93% Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: bold 9pt/93% Arial, Helvetica, Sans-Serif; margin: 0; text-align: left"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 9pt Arial, Helvetica, Sans-Serif">
<tr style="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-size: 11pt">&nbsp;</td>
    <td colspan="2" rowspan="2" style="font-weight: bold; text-align: center"><font style="line-height: 115%">Three-month periods <BR>
ended June 30,</font></td>
    <td colspan="2" style="font-weight: bold; text-align: center"><font style="line-height: 115%">Six-month periods&nbsp;</font></td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="font-weight: bold; text-align: center"><font style="line-height: 115%">ended June 30,</font></td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-size: 11pt; text-align: center; width: 40%">&nbsp;</td>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; width: 15%"><font style="line-height: 115%">2016</font></td>
    <TD STYLE="text-align: center; width: 15%"><font style="line-height: 115%">2015</font></td>
    <TD STYLE="font-weight: bold; text-align: center; width: 15%"><font style="line-height: 115%">2016</font></td>
    <TD STYLE="text-align: center; width: 15%"><font style="line-height: 115%">2015</font></td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: Black 1pt solid; border-bottom: Black 1pt solid">Revenue</td>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">$111.0m</td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">$122.8m</td>
    <TD STYLE="font-weight: bold; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">$219.8m</td>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">$239.7m</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-weight: bold">Trading profit</td>
    <TD STYLE="font-weight: bold; text-align: right; background-color: #C6D9F1">$11.0m</td>
    <TD STYLE="text-align: right">$11.7m</td>
    <TD STYLE="font-weight: bold; text-align: right; background-color: #C6D9F1">$22.8m</td>
    <TD STYLE="text-align: right">$22.2m</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-style: italic">&nbsp;&nbsp;&nbsp;Trading margin</td>
    <TD STYLE="font-weight: bold; font-style: italic; text-align: right; background-color: #C6D9F1">9.9%</td>
    <TD STYLE="font-style: italic; text-align: right">9.5%</td>
    <TD STYLE="font-weight: bold; font-style: italic; text-align: right; background-color: #C6D9F1">10.4%</td>
    <TD STYLE="font-style: italic; text-align: right">9.3%</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Operating profit</td>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">$10.9m</td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">$8.8m</td>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">$24.7m</td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">$11.3m</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-weight: bold">Net income<font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal"><i>&nbsp;&nbsp;&nbsp;</i></font></td>
    <TD STYLE="font-weight: bold; text-align: right; background-color: #C6D9F1">$6.7m</td>
    <TD STYLE="text-align: right">$3.1m</td>
    <TD STYLE="font-weight: bold; text-align: right; background-color: #C6D9F1">$15.4m</td>
    <TD STYLE="text-align: right">$2.6m</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-style: italic; border-bottom: Black 1pt solid">&nbsp;&nbsp;&nbsp;Earnings per share &ndash; Basic<font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal"><b> </b><font style="font-weight: normal"><sup>(1)</sup></font></font></td>
    <TD STYLE="font-weight: bold; font-style: italic; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">$0.25</td>
    <TD STYLE="font-style: italic; border-bottom: Black 1pt solid; text-align: right">$0.11</td>
    <TD STYLE="font-weight: bold; font-style: italic; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">$0.58</td>
    <TD STYLE="font-style: italic; border-bottom: Black 1pt solid; text-align: right">$0.09</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-weight: bold">Adjusted net income<font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-weight: normal; font-style: normal"> <sup>(2)</sup></font></td>
    <TD STYLE="font-weight: bold; text-align: right; background-color: #C6D9F1">$7.9m</td>
    <TD STYLE="text-align: right">$7.6m</td>
    <TD STYLE="font-weight: bold; text-align: right; background-color: #C6D9F1">$16.0m</td>
    <TD STYLE="text-align: right">$14.5m</td></tr>
<tr style="vertical-align: middle">
    <TD NOWRAP STYLE="font-style: italic">&nbsp;&nbsp;&nbsp;Adjusted earnings per share &ndash; Basic</td>
    <TD STYLE="font-weight: bold; font-style: italic; text-align: right; background-color: #C6D9F1">$0.30</td>
    <TD STYLE="font-style: italic; text-align: right">$0.28</td>
    <TD STYLE="font-weight: bold; font-style: italic; text-align: right; background-color: #C6D9F1">$0.61</td>
    <TD STYLE="font-style: italic; text-align: right">$0.54</td></tr>
<tr style="vertical-align: middle">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><sup>&nbsp;&nbsp;&nbsp;&nbsp;</sup><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal"><i>Adjusted earnings per share &ndash; Diluted</i></font></td>
    <TD STYLE="font-weight: bold; font-style: italic; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">$0.29</td>
    <TD STYLE="font-style: italic; border-bottom: Black 1pt solid; text-align: right">$0.28</td>
    <TD STYLE="font-weight: bold; font-style: italic; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">$0.60</td>
    <TD STYLE="font-style: italic; border-bottom: Black 1pt solid; text-align: right">$0.53</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-weight: bold">Adjusted EBITDA<font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal; font-style: normal"> </font><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-weight: normal; font-style: normal"><sup>(3)</sup></font></td>
    <TD STYLE="font-weight: bold; text-align: right; background-color: #C6D9F1">$16.3m</td>
    <TD STYLE="text-align: right">$16.7m</td>
    <TD STYLE="font-weight: bold; text-align: right; background-color: #C6D9F1">$33.1m</td>
    <TD STYLE="text-align: right">$32.1m</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;&nbsp;&nbsp;<font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal"><i>Adjusted EBITDA margin</i></font></td>
    <TD STYLE="font-weight: bold; font-style: italic; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">14.7%</td>
    <TD STYLE="font-style: italic; border-bottom: Black 1pt solid; text-align: right">13.6%</td>
    <TD STYLE="font-weight: bold; font-style: italic; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">15.1%</td>
    <TD STYLE="font-style: italic; border-bottom: Black 1pt solid; text-align: right">13.4%</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Net cash flows from operating activities</td>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">$9.6m</td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">$16.4m</td>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">$12.6m</td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">$24.3m</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Net debt (total debt less cash)</td>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">$101.9m</td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">$98.4m</td>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">$101.9m</td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">$98.4m</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total equity &ndash; book value (net assets)</td>
    <TD STYLE="font-weight: bold; text-align: right; background-color: #C6D9F1">$146.9m</td>
    <TD STYLE="text-align: right">$174.6m</td>
    <TD STYLE="font-weight: bold; text-align: right; background-color: #C6D9F1">$146.9m</td>
    <TD STYLE="text-align: right">$174.6m</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-style: italic; border-bottom: Black 1pt solid">&nbsp;&nbsp;<font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; font-weight: normal"><i>&pound;0.50 ordinary shares outstanding&nbsp;&nbsp;</i></font></td>
    <TD STYLE="font-weight: bold; font-style: italic; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">26.3m</td>
    <TD STYLE="font-style: italic; border-bottom: Black 1pt solid; text-align: right">27.0m</td>
    <TD STYLE="font-weight: bold; font-style: italic; border-bottom: Black 1pt solid; text-align: right; background-color: #C6D9F1">26.4m</td>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">27.0m</td></tr>
</table>
<P STYLE="font: bold 9pt/93% Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 6pt/115% Arial, Helvetica, Sans-Serif; margin: 0 30.8pt 0 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 6pt/115% Arial, Helvetica, Sans-Serif; margin: 0 30.8pt 0 25.1pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B><SUP>(1)</SUP></B></FONT></TD><TD STYLE="text-align: left; padding-right: 30.8pt; vertical-align: bottom"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Basic
earnings per share is calculated by dividing the profit attributable to ordinary shareholders by the weighted average number of
ordinary shares outstanding in the period. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B><SUP>(2)</SUP></B></FONT></TD><TD STYLE="text-align: justify; padding-right: 30.8pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Adjusted
net income consists of net income for the period adjusted for the post tax impact of non-trading items, including IAS&nbsp;19R
retirement benefits finance charge, certain accounting charges relating to acquisitions and disposals of businesses (comprising
other income / (expense) from acquisitions and disposals of businesses, the unwind of the discount on deferred contingent consideration
from acquisitions and the amortization on acquired intangibles), profit on sale of redundant site, restructuring and other expense
and other share-based compensation charges. A reconciliation to net income is disclosed in Note 4 of this release &ldquo;Non-GAAP
measures&rdquo;. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B><SUP>(3)</SUP></B></FONT></TD><TD STYLE="text-align: justify; padding-right: 30.8pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Adjusted
EBITDA is defined as profit on operations before taxation for the period, finance income (which comprises interest received) and
costs (which comprises interest costs, IAS 19R retirement benefits finance charge and the unwind of the discount on deferred contingent
consideration from acquisitions), other income / (expense) from acquisitions and disposals of businesses, profit on sale of redundant
site, restructuring and other expense, other share-based compensation charges, depreciation and amortization and loss on disposal
of property, plant and equipment. A reconciliation to net income is disclosed in Note 4 of this release &ldquo;Non-GAAP measures&rdquo;.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91"><B>&nbsp;</B></P>

<P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91"><B>ABOUT LUXFER GROUP</B></P>

<P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Luxfer Group is a global materials technology
group focused on sustained value creation using its broad array of technical know-how and proprietary materials technologies.
The company specializes in the design and manufacture of high-performance materials, components and high-pressure gas-containment
devices for environmental, healthcare, protection and specialty end-markets. Luxfer customers include both end-users of its products
and manufacturers that incorporate Luxfer products into finished goods. For more information, visit <FONT STYLE="color: Blue"><U>www.luxfer.com</U></FONT>.</P>

<P STYLE="font: 9pt/8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Luxfer Group is listed on the New York Stock
Exchange, and its American Depositary Shares (ADSs) trade under the ticker LXFR.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91"><B>CONTACTS</B></P>

<P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Investor and news agency communications
should initially be directed to <B>Dan Stracner, Director of Investor Relations,</B> U.S. telephone number: +1 951 341 2375; email:
dan.stracner@luxfer.net.</P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; color: #17365D"><B>&nbsp;</B></P>


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<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">Q2 2016 BUSINESS REVIEW</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.45pt; text-align: justify"><FONT>&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Gas Cylinders Division trading profit momentum
remained favorable, increasing to $3.3m from $1.7m in Q2 2015 and up 10.0% from Q1 2016. A modest 3.5% revenue decline mostly reflected
adverse FX translation effects partially offset by successful new product launches.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.7pt; text-align: justify"><FONT>&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.7pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Elektron Division sales and profits were
lower than last year as expected from ongoing product transition in the catalyst sector, but results were solid from sales of proprietary
magnesium products.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.7pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Basic EPS more than doubled due to the
near absence of restructuring and other expenses; adjusted diluted EPS remains ahead of prior year.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in"><FONT>&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.7pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Long-term debt has been extended on more
favorable terms, enhancing the Group&rsquo;s capital structure.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.7pt"><FONT>&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.75pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Post the &lsquo;Brexit&rsquo; vote &ndash;
although we experienced an immediate negative translation impact and some short-term market volatility, if GBP sterling remains
weak, there is a significant potential transaction benefit once old hedges run off.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.75pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Guidance &ndash; adjusted diluted EPS remains
in the 5% to 10% improvement band though with some additional FX and market risk caused by the U.K. vote to leave the European
Union.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/8pt Calibri, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">Second-quarter results</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify"><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif; color: red"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif"><B>2015</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 37%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Gas</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Gas</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Cylinders</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Group</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Cylinders</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Group</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Revenue</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>60.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>50.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>111.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">62.7</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">60.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">122.8</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Trading profit</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>7.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>11.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.7</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">10.0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">11.7</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Return on Sales % (Trading profit / Revenue)</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>5.5%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>15.2%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>9.9%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.7%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">16.6%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">9.5%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Adjusted EBITDA<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>5.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>10.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>16.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">3.7</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">13.0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">16.7</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>Adjusted EBITDA margin % </B></P>
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>(Adjusted EBITDA / Revenue)</B></P></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>8.9%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>21.6%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>14.7%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">5.9%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">21.6%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">13.6%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt/9pt Arial, Helvetica, Sans-Serif; margin: 0 30.9pt 0 24.95pt; text-align: justify; color: #365F91"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt/9pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B><SUP>(1)</SUP></B></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif">With respect
to adjusted EBITDA for the Group, a reconciliation to net income is disclosed in Note 4 of this release &ldquo;Non-GAAP measures&rdquo;,
and with respect to adjusted EBITDA for the Gas Cylinders Division and Elektron Division, a reconciliation to trading profit is
disclosed in Note 1 of this release &ldquo;Revenue and segmental analysis&rdquo;.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>Revenue:</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 48%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 4%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 4%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Gas</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Cylinders</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Group</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Q2 2015 &ndash; as reported under IFRS</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>62.7</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>60.1</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>122.8</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">FX translation impact &ndash; on non-U.S. operating results</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(1.4)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(1.3)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(2.7)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Q2 2015 &ndash; adjusted for FX translation</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>61.3</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>58.8</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>120.1</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Trading variances &ndash; Q2 2015 v Q2 2016</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.8)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(8.3)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(9.1)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Q2 2016 &ndash; as reported under IFRS</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>60.5</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>50.5</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>111.0</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">On an IFRS-reported basis, revenue
in Q2 2016 was $111.0m compared to $122.8m for the same period in 2015. FX translation differences in the quarter were adverse
by $2.7m. Adjusted for FX translation, revenue was $9.1m lower than in Q2 2015.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Gas Cylinders Division revenue in
Q2 2016 was lower at $60.5m compared to $62.7m in Q2 2015. FX translation differences were adverse by $1.4m, and other revenues
were $0.8m lower.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The North American portable composite cylinder
operation continued to generate higher revenues compared to 2015, with strong demand for self-contained breathing apparatus (SCBA).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Volumes of traditional aluminum cylinders
were up on Q2 2015, primarily driven by higher demand in the industrial sector in Europe. We also generated higher revenue from
our L7X<SUP>&reg;</SUP> medical cylinders in Europe during the quarter.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT>&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Our North American alternative fuel (AF)
business continued to perform well in Q2 2016, showing significant increases compared to Q2 2015. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in"><FONT>&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Superform revenues were lower compared
to Q2 2015 for both forming and tooling. The key factor is delays on major customer projects, where we have won the business, in
the specialty automotive sector.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Elektron Division revenue in Q2
2016 was $50.5m compared to $60.1m in Q2 2015. FX translation differences were adverse by $1.3m, and other revenues were $8.3m
lower.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The fall in revenue largely reflects our
continuing issues in the automotive sector, including reduced demand for low-margin magnesium recycling services and also lower
sales of higher-margin automotive catalysis materials.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Our high-performance alloys business was
up on prior year due primarily to improved European demand. Trials of our SoluMag<SUP>&reg;</SUP> alloy continued with several
potential oil and gas customers.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Lower spending in the U.S. defense sector
continued to compress demand for our magnesium powder business, compounded in the short term by an outage at a customer&rsquo;s
plant.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>Trading profit:</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 48%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 4%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 4%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Gas</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Cylinders</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Group</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Q2 2015 &ndash; as reported under IFRS</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.7</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>10.0</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>11.7</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">FX translation impact &ndash; on non-U.S. operating results</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Q2 2015 &ndash; adjusted for FX translation</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.7</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>9.8</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>11.5</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Trading variances &ndash; Q2 2015 v Q2 2016</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.6</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(2.1)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.5)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Q2 2016 &ndash; as reported under IFRS</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.3</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>7.7</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>11.0</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Trading profit decreased to $11.0m
in Q2 2016 compared to $11.7m in Q2 2015. Increased demand in the SCBA market was offset by a reduction in sales volumes of Elektron
products; however, lower manufacturing costs and a continued focus on controlling administration costs positively impacted return
on sales. FX translation differences reduced trading profit by $0.2m, but FX transaction increased profits by $0.4m; therefore,
trading profit at constant exchange rates was down $0.9m.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Gas Cylinders Division trading profit
was $3.3m, $1.6m higher compared to Q2 2015.<FONT> </FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Elimination of the losses that were incurred
in Q2 2015, following our rationalization actions, as well as new business won for AF products in North America, has increased
profitability significantly.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">During 2015 we successfully implemented
other cost-saving initiatives, and the Division continues to benefit from a reduced cost base.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">FX transaction differences reduced trading
profit by $0.3m.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


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<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Elektron Division trading profit
in Q2 2016 was $7.7m, $2.3m lower compared to Q2 2015.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The main impact on trading profit was lower
automotive catalysis sales, with fewer shipments scheduled in this quarter of the proprietary industrial catalysis products that
had helped offset the similarly lower automotive sales in Q1 2016. Total magnesium product line profits were more stable.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Improved demand for high-performance alloys
helped offset lower demand for lower-margin magnesium services and products. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">FX translation and transaction differences
benefitted trading profit by $0.5m.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">Restructuring and other
expense</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">During Q2 2015, we charged $2.9m related
to restructuring of our AF cylinder facilities.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">In Q2 2016, we incurred $0.1m of severance
costs within the Elektron Division.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">Other income statement
items</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Gross margin percentage increased
to 24.1% in Q2 2016 from 23.7% in Q2 2015 due to a combination of lower manufacturing costs and an overall stronger mix of sales
in Q2 2016. Gross profit in Q2 2016 was $26.7m compared to $29.1m in Q2 2015, reduced by $0.7m due to FX translation differences,
with other trading variances being adverse by $1.7m.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Distribution costs at $2.0m were
$0.2m lower than Q2 2015 due to lower sales activity. Administrative expenses were $1.3m lower than in Q2 2015, reflecting cost-saving
initiatives implemented in 2015, including savings associated with closure of our Gas Cylinders AF facilities in Germany and Utah.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Trading profit in Q2 2016 was $11.0m,
down $0.7m on Q2 2015, as explained above.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Group operating profit at $10.9m
increased $2.1m compared to $8.8m in Q2 2015, primarily due to the near-absence of restructuring and other expenses at $0.1m (2015:
$2.9m).</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Group adjusted EBITDA (as reconciled
to net income in Note 4 of this release) for the quarter was $16.3m, $0.4m lower than Q2 2015, attributable to a $2.1m decrease
in the Elektron Division, partly offset by a $1.7m increase for the Gas Cylinders Division. FX translation adversely impacted adjusted
EBITDA by $0.3m, yielding adjusted EBITDA at constant translation exchange rates $0.1m lower than Q2 2015.</P>

<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">Operating profit to net
income</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The net interest charge in Q2 2016 was
$1.5m compared with $1.9m in Q2 2015. The IAS 19R retirement benefits charge was $0.5m, down from $0.8m in Q2 2015 due to the reduced
pension deficit throughout the quarter.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Profit on operations before taxation was
$8.8m in Q2 2016 (Q2 2015: $6.0m). Income tax expense was $2.1m (Q2 2015: $2.9m), and the statutory effective tax rate was 23.9%
(Q2 2015: 48.3%). The statutory effective tax rate was distorted in Q2 2015, because AF restructuring and other expenses did not
lead to a full tax credit due to losses in AF operations.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Net income in the period was $6.7m, an
increase of $3.6m from $3.1m in Q2 2015. Adjusted net income in Q2 2016 was $7.9m, an increase of $0.3m from $7.6m in<FONT STYLE="color: red">
</FONT>Q2 2015.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Unadjusted basic EPS in Q2 2016 was $0.25
(see Note 5 of this release). Adjusted diluted EPS, which is used by management to measure underlying performance, was $0.29 compared
to $0.28 for Q2 2015.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">Cash flow and net debt</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">There was a net increase in cash and cash
equivalents of $34.3m in Q2 2016 compared to a net increase in Q2 2015 of $41.9m. Cash balances remained relatively high at the
end of Q2 2016 at $83.6m compared to $58.3m at the end of Q2 2015. The net debt position, which is bank and other loans less cash
and cash equivalents and which we believe is a more accurate measure of total liquidity changes, was higher at $101.9m (see Note
2 of this release) for the end of Q2 2016 compared to $94.7m at Q4 2015 and $98.4m at Q2 2015. Surplus cash has been and may in
future periods be used to repay some of the banking revolver loans.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Net cash flow from continuing operating
activities was an inflow of $9.6m in Q2 2016 compared to an inflow of $16.4m in Q2 2015. Working capital increases led to an outflow
of $1.9m in Q2 2016. This compares to a working capital inflow of $4.2m in Q2 2015, which benefitted from our continued efforts
to unwind the previously reported working capital build in 2013 and 2014.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Net cash flow from investing activities
was an outflow of $4.6m in Q2 2016 compared to a $3.3m outflow in Q2 2015. Purchases of property, plant and equipment resulted
in an outflow of $3.7m in Q2 2016 compared to $2.6m in Q2 2015. Additionally, a small acquisition in the quarter of a European
distributor resulted in a $0.3m outflow.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The above trading activities resulted in
a net cash inflow before financing of $5.0m in Q2 2016 compared to an inflow of $13.1m in Q2 2015.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Cash flow from financing activities in
Q2 2016 was a net inflow of $29.3m compared to a net inflow of $28.8m in Q2 2015. During Q2 2016, $1.9m of interest was paid to
debt-holders compared to $1.6m in Q2 2015. Dividends of $3.3m were paid to shareholders in Q2 2016 compared to $2.7m in Q2 2015
following the decision at the beginning of 2016 to increase the quarterly dividend per share by 25%. During Q2 2016, we drew down
$34.6m on our banking facilities (Q2 2015: $34.6m).<FONT> </FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">Extension of long-term
debt</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">In the quarter, Luxfer agreed with Prudential
Insurance Company of America (PRICOA) to extend the maturity date of $50m of its existing $65m Loan Notes due 2018. The extension
also includes a lower long-term fixed interest rate on the debt. The maturity date on $25m was extended from June 2018 to June
2023 with a reduction in the fixed interest rate from 6.19% to 4.88%; and the maturity date on $25m was extended to June 2026 at
a fixed interest rate of 4.94%. The interest savings will benefit Q3 2016 onwards, with the deal closing June 29, 2016.</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #365F91">Share buy-back program</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">In June 2015, the Board announced a share
buy-back program of up to $10m to cover the needs of employee share plans. Shareholder approval for purchases was granted at the
2014 Annual General Meeting (for purchases up to an aggregate amount of 2,700,000 ordinary shares or ADSs). The timing of the program
will be kept under review and will depend on continued good operating cash flows, applicable securities laws, regulatory considerations
and other factors.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">In 2015, the Group purchased 146,804 shares
at a cost of $1.9m. In 2016, the Group has continued this program and at the date of this report, had purchased a further 591,037
shares at a cost of</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">$6.0m; therefore, of the budget of $10m
for the current program, $2.1m now remains. No shares were purchased in Q2 2016.</P>

<P STYLE="font: 12pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">&nbsp;</P>

<P STYLE="font: 12pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">Six-month periods ended June 30</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify"><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif; color: red"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif"><B>2015</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 37%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Gas</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Gas</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Cylinders</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Group</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Cylinders</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Group</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Revenue</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>119.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>100.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>219.8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">121.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">118.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">239.7</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Trading profit</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>6.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>16.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>22.8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">3.0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">19.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">22.2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Return on Sales % (Trading profit / Revenue)</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>5.3%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>16.5%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>10.4%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.5%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">16.2%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">9.3%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Adjusted EBITDA<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>10.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>22.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>33.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">6.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">25.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">32.1</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>Adjusted EBITDA margin % </B></P>
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>(Adjusted EBITDA / Revenue)</B></P></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>8.7%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>22.7%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>15.1%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">5.7%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">21.2%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">13.4%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt/9pt Arial, Helvetica, Sans-Serif; margin: 0 30.9pt 0 25.1pt; text-align: justify; color: #365F91"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt/9pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B><SUP>(1)</SUP></B></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 7pt Arial, Helvetica, Sans-Serif">With respect
to adjusted EBITDA for the Group, a reconciliation to net income is disclosed in Note 4 of this release &ldquo;Non-GAAP measures&rdquo;,
and with respect to adjusted EBITDA for the Gas Cylinders Division and Elektron Division, a reconciliation to trading profit is
disclosed in Note 1 to the financial results &ldquo;Revenue and segmental analysis&rdquo;.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>Revenue:</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 48%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 4%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 4%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Gas</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Cylinders</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Group</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Q2 YTD 2015 &ndash; as reported under IFRS</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>121.1</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>118.6</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>239.7</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">FX translation impact &ndash; on non-U.S. operating results</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(2.4)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(2.2)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(4.6)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Q2 YTD 2015 &ndash; adjusted for FX translation</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>118.7</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>116.4</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>235.1</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Trading variances &ndash; Q2 YTD 2015 v Q2 YTD 2016</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.9</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(16.2)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(15.3)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Q2 YTD 2016 &ndash; as reported under IFRS</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>119.6</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>100.2</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>219.8</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">On an IFRS-reported basis, revenue in the
six-month period was $219.8m compared to $239.7m for the same period of 2015. Adverse FX translation reduced revenue by $4.6m,
with other revenue changes of $15.3m accounting for the remainder of the shortfall.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Revenue was lower year to date, primarily
due to sales volumes of Elektron automotive catalysis and magnesium recycling being down compared to the same period last year.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Gross profit in the six-month period was
$53.1m compared to $55.2m for the same period in 2015. The gross margin percentage increased from 23.0% in 2015 to 24.2% in 2016,
primarily due to an overall stronger mix of sales.</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>Trading profit:</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 48%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 4%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 4%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Gas</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Cylinders</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Group</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Q2 YTD 2015 &ndash; as reported under IFRS</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.0</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>19.2</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>22.2</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">FX translation impact &ndash; on non-U.S. operating results</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.1</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.4)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.3)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Q2 YTD 2015 &ndash; adjusted for FX translation</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.1</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>18.8</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>21.9</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Trading variances &ndash; Q2 YTD 2015 v Q2 YTD 2016</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">3.2</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(2.3)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.9</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Q2 YTD 2016 &ndash; as reported under IFRS</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>6.3</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>16.5</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>22.8</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Trading profit in the six-month period
was $22.8m compared to $22.2m for 2015, an improvement of $0.9m, or 4.1%, at constant exchange rates. FX translation differences
adversely impacted profit by $0.3m.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Operating profit was $24.7m in the six-month
period, an increase of $13.4m compared to the same period in 2015, primarily due to the significant decrease in restructuring costs
and the profit made on the sale of a redundant site in March 2016.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Profit on operations before taxation in
the six-month period was $20.4m compared to $6.0m for the same period in 2015. Tax expense was $5.0m compared to $3.4m for the
same period in 2015. The statutory effective tax rate for the six-month period decreased significantly from 56.7% in 2015 to 24.5%
in 2016. The statutory effective tax rate was distorted in 2015, because the AF restructuring and other expenses did not lead to
a full tax credit due to losses in AF operations.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Net income in the six-month period was
$15.4m compared to $2.6m for the same period in 2015, primarily due to the significant decrease in restructuring and other expenses
during 2016.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Adjusted net income (as reconciled to net
income in Note 4 of this release) in the six-month period was $16.0m, 10.3% ahead of the $14.5m for the same period in 2015. Adjusted
diluted EPS was therefore $0.60, 13.2% ahead of prior year.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Adjusted EBITDA (as reconciled to net income
in Note 4 of this release) in the six-month period was $33.1m compared to $32.1m for the same period in 2015. The FX translation
impact was $0.6m adverse, so at constant exchange rates, adjusted EBITDA was up $1.6m or 5.0%.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Net cash inflow from operating activities
in the six-month period was $12.6m compared to $24.3m for the same period in 2015. The $11.7m decrease in operating cash flow was
predominantly due to a $12.1m increase in working capital compared to a $0.4m increase in working capital in the same period in
2015, which benefitted from our continued efforts to unwind the previously reported working capital build in 2013 and 2014.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">Retirement benefits</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The retirement benefits (pension)
liability at Q2 2016 was $71.1m and at Q2 2015 was $80.1m. The liability declined $21.2m, from $80.1m at Q2 2015 to $58.9m at Q4
2015, predominantly due to the liability mitigation actions taken and recognized in Q4 2015 relating to the U.K. defined benefit
plan. The mitigation actions comprised closing the plan to future accrual of benefits, and changing the reference index to CPI
from RPI for pensions in payment (both effective April 5, 2016). In 2016, the liability increased by $12.2m due to decreases in
corporate bond yields, partly offset by good pension plan asset returns and the decline in the value of GBP sterling against the
U.S. dollar.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">Strategic product development update</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; color: #365F91">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; line-height: 115%">In
June 2016, BIOTRONIK, our partner in the joint R&amp;D program to develop a bioresorbable magnesium-based coronary scaffold, announced
that it had received CE mark approval for its Magmaris</FONT><SUP>&reg;</SUP><FONT STYLE="font-size: 10pt; line-height: 115%">
magnesium scaffold. Magmaris</FONT><SUP>&reg;</SUP><FONT STYLE="font-size: 10pt; line-height: 115%"> uses our patented SynerMag</FONT><SUP>&reg;</SUP><FONT STYLE="font-size: 10pt; line-height: 115%">
alloy system as the platform material and is the first clinically proven magnesium bioresorbable scaffold. The CE approval follows
the publication of positive 12-month clinical data from the BIOSOLVE II trial in the European Heart Journal and presentation of
the data at the EuroPCR Congress in May 2016. Operations using the new device are reported to have commenced. It will be some time
before we can gauge how successful this new technology will become, but physicians involved in the clinical trial have commented
that the magnesium-based scaffold could emerge as a strong alternative to currently available polymer scaffolds because of its
advantages in terms of deliverability, radial resistance following implantation, and more desirable absorption times. Commercial
production of our SynerMag</FONT><SUP>&reg;</SUP><FONT STYLE="font-size: 10pt; line-height: 115%"> alloy system will take place
in our purpose-built, ISO 13485-approved, manufacturing and testing center in Manchester, U.K.</FONT></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; line-height: 115%">&nbsp;</FONT></P>


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<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Luxfer Magtech geographic expansion
&ndash; In Q2 2016, we acquired a small European distributor to aid sales expansion of our heater meal products outside the U.S.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; color: #365F91"><B>SUMMARY &amp;
OUTLOOK FOR 2016</B></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The Q2 2016 financial result is
as forecast, and we are pleased at the much-improved profitability of the Gas Cylinders Division. At half-year, we are ahead of
prior year, with EPS well ahead.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The &lsquo;Brexit&rsquo; vote resulted
in short-term volatility, which appears to be stabilizing at present, although we are left with a much-weakened GBP sterling that
does have an immediate translation knock back on the reported results. There is a risk to near-term growth in the U.K. and the
Eurozone, but we do not currently expect any material impact on Luxfer, and it will likely take several years for new trading arrangements
between the U.K. and the Eurozone to be agreed.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Even in Q2 2016, we have been impacted
by the weaker GBP sterling exchange rate, with June&rsquo;s U.K. trading being translated into U.S. dollars at $1.33 / &pound;1,
8% down on the $1.44 / &pound;1 at the end of Q1 2016. If the current exchange rate is maintained through the balance of 2016,
there will be a small reduction in the U.S. dollar value of our U.K. earnings. Considering both the Euro and U.S. dollar, the net
impact in 2016 currently looks to be $1m to $2m adverse, while the net impact in 2017 (should exchange rates stabilize at the current
level through 2017) could be as high as a $4m benefit.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Some contracted shipments that were
expected to fall in Q3 2016 have been rescheduled by customers into Q4 2016, so the balance of year forecast is weighted towards
Q4, with Q3 now likely to be down on prior year. Overall, we are maintaining our 5% to 10% adjusted diluted EPS year-on-year improvement,
but against a background of weaker GBP sterling (unhelpful in the short term, helpful in the medium term) and slightly higher market
risk. While there is always some risk of further delivery date changes, at this point we are reasonably confident that the sales
will fall into 2016. Following the extension of our long-term debt, we expect reduced financing costs in the balance of the year,
and EPS is also being helped by the Q1 2016 share buy-back and lower effective tax rates.</P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; color: #17365D"><B>FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-align: justify; color: #1F497D"><U>This release contains
forward-looking statements.</U></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #3A669C"><I>Examples of such forward-looking
statements include, but are not limited to:</I></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #3A669C"><I>(i) statements regarding
the Group&rsquo;s results of operations and financial condition; (ii) statements of plans, objectives or goals of the Group or
its management, including those related to financing, products or services; (iii) statements of future economic performance; and
(iv) statements of assumptions underlying such statements. Words such as &ldquo;believes&rdquo;, &ldquo;anticipates&rdquo;, &ldquo;expects&rdquo;,
&ldquo;intends&rdquo;, &ldquo;forecasts&rdquo; and &ldquo;plans&rdquo; and similar expressions are intended to identify forward-looking
statements but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve
inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other
forward-looking statements will not be achieved. The Group cautions that a number of important factors could cause actual results
to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements.
These factors include, but are not limited to: (i) future revenues being lower than expected; (ii) increasing competitive pressures
in the industry; (iii) general economic conditions or conditions affecting demand for the services offered by us in the markets
in which we operate, both domestically and internationally, including as a result of the Brexit referendum, being less favorable
than expected; (iv) worldwide economic and business conditions and conditions in the industries in which we operate; (v) fluctuations
in the cost of raw materials and utilities; (vi) currency fluctuations and hedging risks; (vii) our ability to protect our intellectual
property; and (viii) the significant amount of indebtedness we have incurred and may incur and the obligations to service such
indebtedness and to comply with the covenants contained therein. The Group cautions that the foregoing list of important factors
is not exhaustive. These factors are more fully discussed in the sections &ldquo;Forward-Looking Statements&rdquo; and &ldquo;Risk
factors&rdquo; in our Annual Report on Form 20-F for the year ended December 31, 2015, filed with the U.S. Securities and Exchange
Commission on March 15, 2016. When relying on forward-looking statements to make decisions with respect to the Group, investors
and others should carefully consider the foregoing factors and other uncertainties and events. Such forward-looking statements
speak only as of the date on which they are made, and the Group does not undertake any obligation to update or revise any of them,
whether as a result of new information, future events or otherwise.</I></P>

<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #3A669C"><I>&nbsp;</I></P>


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        <P STYLE="font: 12pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: white">CONSOLIDATED INCOME STATEMENT
        FOR THE THREE-MONTH AND SIX-MONTH<BR>
 PERIODS ENDED JUNE 30, 2016 AND 2015<BR>
</P>
        <P STYLE="color: white; font: italic 12pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">(UNAUDITED)</FONT></P></TD></TR>
</TABLE>


<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Three-month periods<BR>
 ended June 30,</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">
       <FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Six-month periods<BR>
 ended June 30,</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>CONTINUING OPERATIONS</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>REVENUE</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>111.0</B></FONT></TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">122.8</FONT></TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>219.8</B></FONT></TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">239.7</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Cost of sales</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(84.3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(93.7)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(166.7)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(184.5)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Gross profit</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>26.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">29.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>53.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">55.2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Distribution costs</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(2.0)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(2.2)</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(3.9)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(4.0)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Administrative expenses</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(13.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(14.8)</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(26.3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(28.6)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Share of results of joint ventures and associates</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.2)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(0.4)</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(0.4)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>TRADING PROFIT</B></FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-top: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>11.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">11.7</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>22.8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">22.2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Profit on sale of redundant site</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>2.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Restructuring and other expense</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(2.9)</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(0.2)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(10.9)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>OPERATING PROFIT</B></FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>10.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">8.8</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>24.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">11.3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Other income / (expense):</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance income:</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest received </FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">0.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>0.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">0.2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance costs:</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest costs</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(1.9)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(2.0)</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(3.6)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(3.8)</FONT></TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IAS 19R retirement benefits finance charge</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(0.8)</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(1.0)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(1.5)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unwind of discount on deferred contingent consideration from acquisitions</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(0.2)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD></TR>
<TR>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>PROFIT ON OPERATIONS BEFORE TAXATION</B></FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>8.8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">6.0</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>20.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">6.0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Income tax expense</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(2.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(2.9)</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(5.0)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(3.4)</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>NET INCOME FOR THE PERIOD</B></FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>6.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">3.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>15.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">2.6</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>Attributable to:</B></FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Equity shareholders</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>6.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">3.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>15.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">2.6</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0"><B>NET INCOME FOR THE PERIOD</B></P></TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>6.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">3.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>15.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">2.6</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Accounting charges relating to acquisitions and disposals of businesses:</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unwind of discount on deferred contingent consideration from acquisitions</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">0.1</FONT></TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">0.2</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization on acquired intangibles</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">0.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>0.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">0.7</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">IAS 19R retirement benefits finance charge</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">0.8</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>1.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">1.5</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Profit on sale of redundant site</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(2.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Restructuring and other expense</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">2.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">10.9</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Other share-based compensation charges</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">0.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>1.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">0.6</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">Income tax thereon</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">0.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>(0.4)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">(2.0)</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>ADJUSTED NET INCOME</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>7.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">7.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif"><B>16.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif">14.5</FONT></TD></TR>
<TR>
    <TD STYLE="width: 47%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
</TABLE>
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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>


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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="color: white; font: italic 12pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">CONSOLIDATED
        STATEMENT OF COMPREHENSIVE INCOME FOR THE<BR>
        THREE-MONTH AND SIX-MONTH PERIODS ENDED JUNE 30, 2016 AND 2015</FONT></P>
        <P STYLE="color: white; font:   12pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">(UNAUDITED)</P></TD></TR>
</TABLE>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 7.5pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 12pt">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: right">Three-month periods&nbsp;<BR>ended June 30,</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: right">Six-month periods <BR>ended June 30,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 12pt">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2015</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2015</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 12pt; border-bottom: Black 1pt solid; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">$M</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">$M</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">$M</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">$M</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 12pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 40%; font-weight: bold; text-align: left; padding-left: 5.4pt">Net income for the period</TD><TD STYLE="width: 3%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; font-weight: bold; text-align: right">6.7</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">3.1</TD><TD STYLE="width: 3%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; font-weight: bold; text-align: right">15.4</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">2.6</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 5.4pt">Other comprehensive income movements</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 5.4pt">Items that may be reclassified to the consolidated income statement:</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Exchange movements on translation of foreign operations</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6.7)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5.8</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7.3)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2.0)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 12pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Fair value movements in cash flow hedges</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(0.8)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2.1)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1.6)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1.3)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Transfers to consolidated income statement on cash flow hedges</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(0.5)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(0.3)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0.6</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-left: 5.4pt">Deferred income taxes on cash flow hedges</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">0.2</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.5</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">0.4</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.1</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 5.4pt">Hedge accounting (expense) / income adjustments</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(0.6)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2.1)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1.5)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(0.6)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 12pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; padding-left: 5.4pt">Total hedge accounting and translation of foreign operations movements</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(7.3)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3.7</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(8.8)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2.6)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 12pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 5.4pt">Items that will not be reclassified to the consolidated income statement:</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Remeasurement of defined benefit retirement plans</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(12.1)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13.9</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(18.6)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8.6</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-left: 5.4pt">Deferred income taxes on remeasurement of defined benefit retirement plans&#9;</TD><TD STYLE="font-size: 12pt; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><B>2.7</B></TD><TD STYLE="border-bottom: Black 1pt solid"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3.6)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4.8</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2.3)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; padding-left: 5.4pt">Retirement benefits changes</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(9. 4)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">10.3</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(13.8)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">6.3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; padding-left: 5.4pt">Total other comprehensive (loss) / income movements for the period</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(16.7)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">14.0</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(22.6)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3.7</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; padding-left: 5.4pt">Total comprehensive (loss) / income for the period</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(10.0)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">17.1</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(7.2)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">6.3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 12pt; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 5.4pt">Attributed to:</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 12pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-left: 5.4pt">Equity shareholders</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(10.0)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">17.1</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(7.2)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">6.3</TD></TR>
</TABLE>
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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; background-color: #004490; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; font: italic 10pt/115% Cambria, Times, Serif; text-align: center; color: #404040"><FONT STYLE="font: normal 12pt/115% Arial, Helvetica, Sans-Serif; color: white">CONSOLIDATED BALANCE SHEET AS OF JUNE 30, 2016 AND 2015 <BR>
(UNAUDITED) AND AS OF DECEMBER 31, 2015 (AUDITED)</FONT></TD></TR>
</TABLE>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 55%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 15%; padding-right: 5.4pt; padding-left: 3pt; line-height: 150%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>June 30, </B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">June 30, </FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">December 31,</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2015</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Non-current assets</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Property, plant and equipment</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>130.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">136.7</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">136.0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Intangible assets</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>82.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">89.4</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">87.0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Investments</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>6.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">7.5</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">7.2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Deferred income tax assets</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>16.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">17.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">13.8</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>235.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">251.5</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">244.0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Current assets</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Inventories</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>91.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">97.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">91.8</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Trade and other receivables</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>73.8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">75.4</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">62.3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Income tax receivable</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.7</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Cash and cash equivalents</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>83.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">58.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">36.9</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>248.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">231.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">191.7</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Assets classified as held for sale</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>484.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">484.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">435.7</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Capital and reserves</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Ordinary share capital</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>25.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">25.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">25.3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Deferred share capital</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>150.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">150.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">150.9</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Share premium account</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>56.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">56.4</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">56.4</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Treasury shares</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(7.3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(1.9)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(1.3)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Retained earnings</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>308.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">312.0</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">316.6</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Own shares held by ESOP</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.6)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.3)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Share-based compensation reserve</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>5.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">3.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">4.1</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Hedging reserve</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(5.0)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(3.5)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Translation reserve</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(52.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(38.2)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(44.8)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Merger reserve</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(333.8)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(333.8)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(333.8)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Capital and reserves attributable to the Group&rsquo;s equity shareholders</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>146.9</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">174.6</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">169.7</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Total equity</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>146.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">174.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">169.7</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Non-current liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Bank and other loans</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>185.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">156.7</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">131.6</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Retirement benefits</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>71.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">80.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">58.9</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Deferred income tax liabilities </FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.7</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Deferred contingent consideration</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.7</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.9</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Provisions</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.5</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>262.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">243.7</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">196.6</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Current liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Trade and other payables</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>68.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">61.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">65.5</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Current income tax liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.4</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.1</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Provisions</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2.8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">3.5</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">3.8</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Dividends payable</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>74.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">65.8</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">69.4</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Total liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>337.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">309.5</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">266.0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>TOTAL EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>484.2</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">484.1</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">435.7</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; background-color: #004490; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="color: white; font: italic 12pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">CONSOLIDATED
        CASH FLOW STATEMENT FOR THE THREE-MONTH AND SIX-MONTH<BR>
 PERIODS ENDED JUNE 30, 2016 AND 2015 <BR>
</FONT></P>
        <P STYLE="color: white; font: italic 12pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">(UNAUDITED)</FONT></P></TD></TR>
</TABLE>


<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 6pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>Three-month periods </B></P>
        <P STYLE="font: 6pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended June 30,</B></P></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 6pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>Six-month periods </B></P>
        <P STYLE="font: 6pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended June 30,</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 56%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">2015</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">2015</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">$M</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>RECONCILIATION OF CASH FLOWS FROM CONTINUING OPERATING ACTIVITIES</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Net income for the period</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>6.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">3.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>15.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">2.6</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Adjustments to reconcile net income for the period to net cash flows from continuing operating activities: </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Income taxes</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">2.9</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>4.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">3.4</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Deferred income taxes</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Depreciation and amortization </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>4.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">4.7</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>9.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">9.3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Profit on sale of redundant site</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(2.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Share-based compensation charges net of cash settlement </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.3</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.6</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Net interest costs </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.9</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">3.6</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Non-cash restructuring charges</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.2</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">8.7</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">IAS 19R retirement benefits finance charge </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.5</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.8</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1.0</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.5</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Unwind of discount on deferred contingent consideration from acquisitions</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.1</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Share of results of joint ventures and associates</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.4</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.4</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Changes in operating assets and liabilities: </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"> </TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"> </TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"> </TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"> </TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-indent: 15.9pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(Increase) / decrease in receivables</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">2.3</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(11.0)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(3.3)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-indent: 15.9pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Decrease / (increase) in inventories </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">3.9</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(1.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">2.9</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-indent: 15.9pt"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(Decrease) / increase in payables</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(2.0)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.0)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Movement in retirement benefits obligations </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(1.3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.3)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(2.7)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(4.4)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Movement in provisions </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.4</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.6)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Acquisition and disposal costs paid</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(1.2)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Income taxes paid </FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(3.2)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.3)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(3.4)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.4)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>NET CASH FLOWS FROM CONTINUING OPERATING ACTIVITIES </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>9.6</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">16.4</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>12.6</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">24.3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CASH FLOWS FROM INVESTING ACTIVITIES </B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Purchases of property, plant and equipment </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(3.7)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.6)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(6.9)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(5.1)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Purchases of intangible assets </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.4)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.7)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.6)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.7)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Proceeds from sale of redundant site</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Cash received as compensation for an insured loss</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Investment in joint ventures &ndash; debt funding</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.5)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Interest income received from joint ventures</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Net cash flows on purchase of businesses</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>NET CASH FLOWS FROM INVESTING ACTIVITIES</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(4.6)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(3.3)</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(3.9)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(6.1)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>NET CASH FLOWS BEFORE FINANCING </B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">13.1</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>8.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">18.2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CASH FLOWS FROM FINANCING ACTIVITIES</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Interest and similar finance costs paid on banking facilities </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.6)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.3)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.9)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.8)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Interest paid on Loan Notes due 2018</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(1.0)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(1.0)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(2.0)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.0)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Interest paid on Loan Notes due 2021</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.3)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.5)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Draw down on banking facilities</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>34.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">34.6</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>54.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">34.6</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Dividends paid </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(3.3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.7)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(6.7)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(5.4)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Purchase of shares for ESOP</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Proceeds from issue of shares</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.2</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Purchase of treasury shares</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(1.7)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(6.0)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(1.7)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>NET CASH FLOWS FROM FINANCING ACTIVITIES </B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>29.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">28.8</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>37.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">24.4</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>NET INCREASE IN CASH AND CASH EQUIVALENTS </B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>34.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">41.9</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>46.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">42.6</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Net foreign exchange movements</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.7</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.1</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Cash and cash equivalents at beginning of period </FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>48.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">15.7</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>36.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">14.6</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>Cash and cash equivalents at end of period </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>83.6</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">58.3</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>83.6</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">58.3</FONT></TD></TR>
</TABLE>
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<P STYLE="font: bold 13pt Cambria, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="color: #4F81BD; font: bold 10pt/115% Cambria, Times, Serif; margin: 10pt 0 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: windowtext">1.
Revenue and segmental analysis</FONT></P>

<P STYLE="color: #4F81BD; font: bold 10pt/115% Cambria, Times, Serif; margin: 10pt 0 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: windowtext"></FONT></P>
<P STYLE="font: bold 13pt Cambria, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></FONT></P>



<P STYLE="font: 6.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">For management purposes, the Group
is organized into two operational divisions, Gas Cylinders and Elektron. The tables below set out information on the results of
these two reportable segments. Management monitors the operating results of its divisions separately for the purpose of making
decisions about resource allocation and performance assessment. Segment performance is evaluated by the chief operating decision
maker based on trading profit or loss (defined as operating profit or loss before profit on sale of redundant site and restructuring
and other expense), and adjusted EBITDA (defined as profit on operations before taxation for the period, finance income (which
comprises interest received) and costs (which comprises interest costs, IAS 19R retirement benefits finance charge and the unwind
of the discount on deferred contingent consideration from acquisitions), other income / (expense) from acquisitions and disposals
of businesses, profit on sale of redundant site, restructuring and other expense, other share-based compensation charges, depreciation
and amortization and loss on disposal of property, plant and equipment). For the purposes of our divisional segmental analysis,
IFRS 8 requires the use of &ldquo;segment profit&rdquo; performance measures that are used by our chief operating decision maker.
Trading profit is the &ldquo;segment profit&rdquo; used to satisfy this requirement in the below analysis. All inter-segment revenue
is made on an arm&rsquo;s length basis.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>REPORTING SEGMENTS:&#9; </B></P>

<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 6pt Arial, Helvetica, Sans-Serif">
<tr style="vertical-align: middle">
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td colspan="4" style="font-weight: bold; text-align: center">Three-month period ended June 30, 2016</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td colspan="4" style="font-weight: bold; text-align: center">Three-month period ended June 30, 2015</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" rowspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td colspan="2" rowspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td rowspan="2" style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td rowspan="2" style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Total</td>
    <td rowspan="2" style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td rowspan="2" style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td rowspan="2" style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Total</td></tr>
<tr style="vertical-align: middle">
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Gas</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Continuing</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Gas</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Continuing</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Cylinders</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Elektron</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Unallocated</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Activities</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Cylinders</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Elektron</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Unallocated</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Activities</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">&nbsp;</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="font-weight: bold; border-top: Black 1pt solid">Revenue</td>
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2">Segment revenue</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">60.5</td>
    <td style="text-align: right">50.6</td>
    <td style="text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">111.1</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="text-align: right">62.7</td>
    <td style="text-align: right">60.2</td>
    <td style="text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">122.9</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-bottom: Black 1pt solid">Inter-segment revenue</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(0.1)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(0.1)</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(0.1)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(0.1)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-top: Black 1pt solid">Revenue to external customers</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">60.5</td>
    <td style="font-weight: bold; text-align: right">50.5</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">111.0</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">62.7</td>
    <td style="font-weight: bold; text-align: right">60.1</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">122.8</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="font-weight: bold">Result</td>
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2">Adjusted EBITDA</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">5.4</td>
    <td style="font-weight: bold; text-align: right">10.9</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">16.3</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">3.7</td>
    <td style="font-weight: bold; text-align: right">13.0</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">16.7</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2">Other share-based compensation charges</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">(0.3)</td>
    <td style="text-align: right">(0.3)</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">(0.6)</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="text-align: right">(0.2)</td>
    <td style="text-align: right">(0.1)</td>
    <td style="text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">(0.3)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-bottom: Black 1pt solid">Depreciation and amortization</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(1.8)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(2.9)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(4.7)</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(1.8)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(2.9)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(4.7)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-top: Black 1pt solid">Trading profit - segment result</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">3.3</td>
    <td style="font-weight: bold; text-align: right">7.7</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">11.0</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">1.7</td>
    <td style="font-weight: bold; text-align: right">10.0</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">11.7</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-bottom: Black 1pt solid">Restructuring and other expense</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(0.1)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(0.1)</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(2.9)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(2.9)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-top: Black 1pt solid">Operating profit / (loss)</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">3.3</td>
    <td style="font-weight: bold; text-align: right">7.6</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">10.9</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">(1.2)</td>
    <td style="font-weight: bold; text-align: right">10.0</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">8.8</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2">Net interest costs</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">(1.5)</td>
    <td style="font-weight: bold; text-align: right">(1.5)</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">(1.9)</td>
    <td style="font-weight: bold; text-align: right">(1.9)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2">IAS 19R retirement benefits finance charge</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">(0.5)</td>
    <td style="font-weight: bold; text-align: right">(0.5)</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">(0.8)</td>
    <td style="font-weight: bold; text-align: right">(0.8)</td></tr>
<tr style="vertical-align: middle">
    <td rowspan="2" style="border-bottom: black 1pt solid">Unwind of discount on deferred contingent consideration from&nbsp;&nbsp;acquisitions</td>
    <td colspan="2" rowspan="2" style="text-align: right">&nbsp;</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td rowspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="text-align: right">-</td>
    <td style="text-align: right">(0.1)</td>
    <td style="text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">(0.1)</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">(0.1)</td>
    <td style="text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">(0.1)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-top: Black 1pt solid">Profit / (loss) on operations before taxation</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">3.3</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">7.5</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">(2.0)</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">8.8</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">(1.2)</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">9.9</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">(2.7)</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">6.0</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-bottom: Black 1pt solid">Income tax expense</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right"></td>
    <td style="border-bottom: Black 1pt solid; text-align: right"></td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(2.1)</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(2.1)</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(2.9)</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(2.9)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-top: Black 1pt solid; border-bottom: Black 1pt solid">Net income for the period</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">6.7</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">3.1</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="font-weight: bold; border-top: Black 1pt solid">Other segment information</td>
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2">Segment assets</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">163.0</td>
    <td style="text-align: right">199.5</td>
    <td style="text-align: right">121.7</td>
    <td style="font-weight: bold; text-align: right">484.2</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">173.9</td>
    <td style="text-align: right">217.7</td>
    <td style="text-align: right">92.5</td>
    <td style="font-weight: bold; text-align: right">484.1</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-bottom: Black 1pt solid">Segment liabilities</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(33.7)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(17.1)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(286.5)</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(337.3)</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(36.0)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(20.7)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(252.8)</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(309.5)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-top: Black 1pt solid; border-bottom: Black 1pt solid">Net assets / (liabilities)</td>
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">129.3</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">182.4</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(164.8)</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">146.9</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">137.9</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">197.0</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(160.3)</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">174.6</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-top: Black 1pt solid">Capital expenditure: Property, plant and equipment</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">2.1</td>
    <td style="text-align: right">1.7</td>
    <td style="text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">3.8</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">1.0</td>
    <td style="text-align: right">1.6</td>
    <td style="text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">2.6</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-bottom: Black 1pt solid">Capital expenditure: Intangible assets</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">0.1</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">0.3</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">0.4</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">0.3</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">0.4</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">0.7</td></tr>
<tr style="vertical-align: middle">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 16%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 7%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 7%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 7%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 7%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 7%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 7%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 7%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 7%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 7%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 7%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 7%">&nbsp;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 7%">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td colspan="4" style="font-weight: bold; text-align: center">Six-month period ended June 30, 2016</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td colspan="4" style="font-weight: bold; text-align: center">Six-month period ended June 30, 2015</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" rowspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td colspan="2" rowspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td rowspan="2" style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td rowspan="2" style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Total</td>
    <td rowspan="2" style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td rowspan="2" style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td rowspan="2" style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Total</td></tr>
<tr style="vertical-align: middle">
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Gas</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Continuing</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Gas</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Continuing</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Cylinders</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Elektron</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Unallocated</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Activities</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Cylinders</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Elektron</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Unallocated</td>
    <td style="font-size: 5pt; font-weight: bold; text-align: right">Activities</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">&nbsp;</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">$M</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="font-weight: bold; border-top: Black 1pt solid">Revenue</td>
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2">Segment revenue</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">119.6</td>
    <td style="text-align: right">100.3</td>
    <td style="text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">219.9</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="text-align: right">121.1</td>
    <td style="text-align: right">118.8</td>
    <td style="text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">239.9</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-bottom: Black 1pt solid">Inter-segment revenue</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(0.1)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(0.1)</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(0.2)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(0.2)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-top: Black 1pt solid">Revenue to external customers</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">119.6</td>
    <td style="font-weight: bold; text-align: right">100.2</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">219.8</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">121.1</td>
    <td style="font-weight: bold; text-align: right">118.6</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">239.7</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="font-weight: bold">Result</td>
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2">Adjusted EBITDA</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">10.4</td>
    <td style="font-weight: bold; text-align: right">22.7</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">33.1</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">6.9</td>
    <td style="font-weight: bold; text-align: right">25.2</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">32.1</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2">Other share-based compensation charges</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">(0.5)</td>
    <td style="text-align: right">(0.5)</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">(1.0)</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="text-align: right">(0.3)</td>
    <td style="text-align: right">(0.3)</td>
    <td style="text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">(0.6)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-bottom: Black 1pt solid">Depreciation and amortization</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(3.6)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(5.7)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(9.3)</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(3.6)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(5.7)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(9.3)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-top: Black 1pt solid">Trading profit - segment result</td>
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">6.3</td>
    <td style="font-weight: bold; text-align: right">16.5</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">22.8</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">3.0</td>
    <td style="font-weight: bold; text-align: right">19.2</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">22.2</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2">Profit on sale of redundant site</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">2.1</td>
    <td style="font-weight: bold; text-align: right">2.1</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">-</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-bottom: Black 1pt solid">Restructuring and other expense</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(0.2)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(0.2)</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(10.9)</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(10.9)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-top: Black 1pt solid">Operating profit / (loss)</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">6.3</td>
    <td style="font-weight: bold; text-align: right">16.3</td>
    <td style="font-weight: bold; text-align: right">2.1</td>
    <td style="font-weight: bold; text-align: right">24.7</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">(7.9)</td>
    <td style="font-weight: bold; text-align: right">19.2</td>
    <td style="font-weight: bold; text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">11.3</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2">Net interest costs</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">(3.1)</td>
    <td style="font-weight: bold; text-align: right">(3.1)</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">(3.6)</td>
    <td style="font-weight: bold; text-align: right">(3.6)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2">IAS 19R retirement benefits finance charge</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">(1.0)</td>
    <td style="font-weight: bold; text-align: right">(1.0)</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">(1.5)</td>
    <td style="font-weight: bold; text-align: right">(1.5)</td></tr>
<tr style="vertical-align: middle">
    <td rowspan="2" style="border-bottom: black 1pt solid">Unwind of discount on deferred contingent consideration from&nbsp;&nbsp;acquisitions</td>
    <td colspan="2" rowspan="2" style="text-align: right">&nbsp;</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td rowspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="text-align: right">-</td>
    <td style="text-align: right">(0.2)</td>
    <td style="text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">(0.2)</td>
    <td style="text-align: right">-</td>
    <td style="text-align: right">(0.2)</td>
    <td style="text-align: right">-</td>
    <td style="font-weight: bold; text-align: right">(0.2)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-top: Black 1pt solid">Profit / (loss) on operations before taxation</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">6.3</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">16.1</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">(2.0)</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">20.4</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">(7.9)</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">19.0</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">(5.1)</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">6.0</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-bottom: Black 1pt solid">Income tax expense</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(5.0)</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(5.0)</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">(3.4)</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">(3.4)</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-top: Black 1pt solid; border-bottom: Black 1pt solid">Net income for the period</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">15.4</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">2.6</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="font-weight: bold; border-top: Black 1pt solid; border-bottom: Black 1pt solid">Other segment information</td>
    <td colspan="2" style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="font-weight: bold; text-align: right">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-top: Black 1pt solid">Capital expenditure: Property, plant and equipment</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="border-top: Black 1pt solid; text-align: right">3.8</td>
    <td style="border-top: Black 1pt solid; text-align: right">2.8</td>
    <td style="border-top: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">6.6</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-top: Black 1pt solid; text-align: right">1.9</td>
    <td style="border-top: Black 1pt solid; text-align: right">2.7</td>
    <td style="border-top: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-top: Black 1pt solid; text-align: right">4.6</td></tr>
<tr style="vertical-align: middle">
    <td colspan="2" style="border-bottom: Black 1pt solid">Capital expenditure: Intangible assets</td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">0.3</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">0.3</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">0.6</td>
    <td style="text-align: right">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">0.3</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">0.5</td>
    <td style="border-bottom: Black 1pt solid; text-align: right">-</td>
    <td style="font-weight: bold; border-bottom: Black 1pt solid; text-align: right">0.8</td></tr>
</table>
<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT></FONT></P><P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>
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<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><B>&nbsp;</B></P>

<P STYLE="color: #4F81BD; font: bold 10pt/115% Cambria, Times, Serif; margin: 10pt 0 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: windowtext">2.
Calculation of net debt</FONT></P>

<P STYLE="font: 7.5pt/150% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>June 30,</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">June 30,</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">December 31,</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Net debt is represented by:</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Non-current bank and other loans</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(185.5)</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(156.7)</FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(131.6)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Less:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Cash and cash equivalents</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>83.6</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">58.3</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">36.9</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Net debt at the end of the period</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(101.9)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(98.4)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(94.7)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><B>3. Other income / (expense) items</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>Three-month periods </B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended June 30,</B></P></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>Six-month periods </B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended June 30,</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 13pt/115% Cambria, Times, Serif; padding-top: 5pt; padding-left: 0.5in; text-indent: -0.25in; color: #4F81BD"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; color: Black">a)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif; color: Black">&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; color: Black">Profit on sale of redundant
    site</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Credited to operating profit:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Profit on sale of redundant site</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2.1</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 13pt/normal Cambria, Times, Serif; margin-top: 5pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">b)</FONT></TD><TD><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Restructuring and other expense</FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Charged to operating profit:</FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Rationalization of operations</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(2.9)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(10.9)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Patent infringement litigation costs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(2.9)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.2)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(10.9)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>Profit on sale of redundant site</I></B></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">For the six-month period ended June
30, 2016, a profit of $2.1m has been recognized in relation to the sale of the redundant Redditch site to a company that specializes
in remediating contaminated land.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>Rationalization of operations</I></B></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">For the three-month and six-month periods
ended June 30, 2016, we incurred $0.1m of costs in relation to rationalization and similar expenses in the Elektron Division.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">For the three-month and six-month periods
ended June 30, 2015, we incurred $2.9m and $10.9m of costs, respectively, in relation to rationalization and similar expenses in
the Gas Cylinders Division&rsquo;s AF operations.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>Patent infringement litigation
costs</I></B></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">For the six-month period ended June
30, 2016, we incurred $0.1m of costs within the Elektron Division in relation to the ongoing patent-infringement litigation against
a competitor.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT>&nbsp;</FONT></P>

<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0">4. Non-GAAP measures</P>

<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The following table presents a
reconciliation of adjusted net income and adjusted EBITDA to net income for the periods, the most comparable IFRS measure.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: -56.7pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: -56.7pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: -56.7pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Three-month periods <BR>ended
June 30,</B></FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in"><B>Six-month periods
        </B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>ended June 30,</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 48%; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 2%; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 11%; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="width: 10%; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD>
    <TD STYLE="width: 11%; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="width: 10%; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Net income for the period</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>6.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">3.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>15.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.6</FONT></TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Accounting charges relating to acquisitions and disposals of businesses:</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unwind of discount on deferred contingent consideration from acquisitions</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.1 </FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization on acquired intangibles</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.7</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">IAS 19R retirement benefits finance charge</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.8</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.5</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Profit on sale of redundant site</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(2.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Restructuring and other expense</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">10.9</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Other share-based compensation charges</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.6</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Income tax thereon</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.4)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(2.0)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Adjusted net income</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>7.9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">7.6</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>16.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">14.5</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt; padding-right: 9.05pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt; padding-right: 9.05pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt; padding-right: 9.05pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt; padding-right: 9.05pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt; padding-right: 9.05pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt; padding-right: 9.05pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt; padding-right: 9.05pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Add back / (deduct): Income tax thereon</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax expense</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>5.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">3.4</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest costs</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">3.6</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>4.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">4.7</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>9.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">9.3</FONT></TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Less:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization
    on acquired intangibles&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.4)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.3)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.7)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.7)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Adjusted EBITDA</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>16.3</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">16.7</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>33.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">32.1</FONT></TD></TR>
</TABLE>
<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Management believes that adjusted net
income and adjusted EBITDA are key performance indicators (KPIs) used by the investment community and that the presentation of
these items will enhance an investor&rsquo;s understanding of our results of operations. These KPIs are also used within Luxfer
Group by the CEO and other senior management. Adjusted net income and adjusted EBITDA should not be considered in isolation by
investors as an alternative to net income for the period, as an indicator of our operating performance or as a measure of our profitability.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">We evaluate our results of operations
on both an as-reported basis and a constant translation exchange rate basis. The constant translation exchange rate presentation
is not a financial measure under IFRS as issued by the IASB, which excludes the impact of fluctuations in foreign currency exchange
rates. We believe providing constant currency information provides valuable supplemental information regarding our results of operations,
consistent with how we evaluate our performance. We calculate constant translation exchange rate percentages by converting our
prior-period local currency financial results using the current-period foreign currency exchange rates and comparing these adjusted
amounts to our current period reported results. This calculation may differ from similarly-titled measures used by others and,
accordingly, the constant translation exchange rate presentation is not meant to be a substitution for recorded amounts presented
in conformity with IFRS as issued by the IASB, nor should such amounts be considered in isolation.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><BR CLEAR="ALL">
</P>


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<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0">5. Earnings per share</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">The
Group calculates earnings per share in accordance with IAS 33. Basic income per share is calculated based on the weighted average
ordinary shares outstanding for the period presented. The weighted average number of shares outstanding is calculated by time-apportioning
the shares outstanding during the period. </FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">For
the purpose of calculating diluted earnings per share, the weighted average number of ordinary shares outstanding during the period
have been adjusted for the dilutive effects of all potential ordinary shares and share options granted to employees.</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">The
ADSs of Luxfer Holdings PLC are listed on the New York Stock Exchange following an initial public offering on October 3, 2012.
The company&rsquo;s &pound;0.50 ordinary shares are not traded on any recognized stock exchange. The Depository for the ADSs holds
one &pound;0.50 ordinary share for every one ADS traded, through American Depositary Receipts.</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">Management
believes the use of non-GAAP financial measures, such as adjusted earnings per ADS, more closely reflects the underlying earnings
per ADS performance.</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding-right: -56.7pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: -56.7pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Three-month periods</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Six-month periods</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: -56.7pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: -56.7pt; padding-left: 5.4pt; line-height: 150%; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>&nbsp;&nbsp;&nbsp;ended June 30,</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>ended June 30,</B></FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Basic earnings:</B></FONT></TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Net income for the period attributable to ordinary shareholders</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>6.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">3.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>15.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.6</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Adjusted earnings:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Accounting charges relating to acquisitions and disposals of businesses:</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR>
<TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unwind of discount on deferred contingent consideration from acquisitions</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.2</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization on acquired intangibles</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.7</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.7</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">IAS 19R retirement benefits finance charge</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.5</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.8</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.5</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Profit on sale of redundant site</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(2.1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Restructuring and other expense</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.9</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">10.9</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Other share-based compensation charges</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.6</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.6</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Income tax thereon</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.4)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(2.0)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Adjusted net income</FONT></TD>
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>7.9</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">7.6</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>16.0</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">14.5</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Weighted average number of &pound;0.50 ordinary shares:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">For basic earnings per share</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>26,317,966</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">26,966,440</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>26,441,016</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">26,959,351</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Exercise of share options</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>486,913</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">262,911</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>417,868</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">271,830</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">For diluted earnings per share </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>26,804,879</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">27,229,351</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>26,858,884</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">27,231,181</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Earnings per share using weighted average number of ordinary shares outstanding:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Basic</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Adjusted </FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$0.30</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$0.28</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$0.61</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$0.54</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Unadjusted</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$0.25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$0.11</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$0.58</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$0.09</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Diluted</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Adjusted</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$0.29</B></FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$0.28</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$0.60</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$0.53</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Unadjusted</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$0.25</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$0.11</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$0.57</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$0.09</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Each &pound;0.50 ordinary share represents
        one American Depositary Share, as listed and quoted on the New York Stock Exchange.</P>
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The calculation of earnings per share
        is performed separately for each discrete quarterly period, and for the year-to-date period. As a result, the sum of the discrete
        quarterly earnings per share amounts in any particular year-to-date period may not be equal to the earnings per share amount for
        the year-to-date period.</P>
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><B>&nbsp;</B></P></TD></TR>
</TABLE>
<P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>


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<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B>6. Retirement benefits </B></P>

<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The principal defined benefit pension
plan in the U.K. is the Luxfer Group Pension Plan. The Group&rsquo;s other arrangements are less significant than the Luxfer Group
Pension Plan, the largest being the BA Holdings, Inc. Pension Plan in the U.S.</P>

<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 14.2pt">&nbsp;</P>

<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The actuarial assumptions used to estimate
the IAS 19R accounting position of the Group&rsquo;s defined benefit pension plans have been updated for market conditions at June
30, 2016.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 14.2pt"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The main reason for the decreased deficit
at June 30, 2016 when compared to June 30, 2015 is that during the three-months ended December 31, 2015, following a consultation,
it was agreed with the trustees and members that the Luxfer Group Pension Plan in the U.K. would close to future accrual of benefits
effective from April 5, 2016, and for the purpose of increasing pensions in payment, to use the Consumer Prices Index (&ldquo;CPI&rdquo;)
as the reference index in place of the Retail Prices Index (&ldquo;RPI&rdquo;) where applicable. As a result, during the three-months
ended December 31, 2015, the Group recognized a curtailment credit of $3.3m in respect of the closure of the Plan to future accrual
and a past service credit of $14.9m in respect of the change in expected future pension increases in payment.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT>&nbsp;</FONT></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The main reasons for the increased deficit
during the three-month and six-month periods ended June 30, 2016, are decreases in corporate bond yields partially offset by asset
returns in the U.K. being higher than assumed and a strengthening in the U.S. dollar relative to GBP sterling.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><B>The movement in the pension liability is shown below:
</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>Three-month periods </B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended June 30,</B></P></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0.5in"><B>Six-month periods
        </B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended June 30,</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Opening balance</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>63.3</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">91.0</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>58.9</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">90.9</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Charged to the consolidated income statement</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.6</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.2</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.6</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">4.5</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Cash contributions</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(2.5)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(3.7)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(5.4)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(7.4)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Charged / (credited) to the statement of comprehensive income</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>12.1</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(13.9)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>18.6</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(8.6)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Exchange difference</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(3.4)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">4.5</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(4.6)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.7</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Closing balance</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>71.1</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">80.1</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>71.1</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">80.1</FONT></TD></TR>
</TABLE>
<P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B>7. Dividends paid and proposed</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Three-month periods<BR>
 ended June 30,</B></FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0.5in"><B>Six-month periods
        </B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended June 30,</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Dividends declared and paid during the period:</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interim dividend paid February 4, 2015 ($0.10 per ordinary share)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.7</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interim dividend paid May 6, 2015 ($0.10 per ordinary share)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.7</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.7</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interim dividend paid February 3, 2016 ($0.125 per ordinary share)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.4</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interim dividend paid May 4, 2016 ($0.125 per ordinary share)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.3</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.3</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.3</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.7</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>6.7</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">5.4</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Dividends declared during the period and paid after the period end (recognized as a liability at June 30):</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interim dividend declared and paid August 5, 2015 ($0.10 per ordinary share)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.7</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.7</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interim dividend declared and paid August 3, 2016 ($0.125 per ordinary share)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.3</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.3</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.3</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.7</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.3</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.7</FONT></TD></TR>
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<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

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<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT>&nbsp;</FONT></P>

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<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT></FONT></P>

<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.</FONT><FONT STYLE="font-family: MS Mincho">&#8232;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0 0 0 3in; text-indent: 0.5in"><B>Luxfer Holdings PLC</B></P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt 3in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Registrant)</FONT><FONT STYLE="font-family: MS Mincho">&#8232;</FONT></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0 0 12pt">Date:&nbsp;August 9,&nbsp;2016&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0 0 0 3in; text-indent: 0.5in">By: <U>/s/ David N. Fletcher&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 3.45in"><FONT STYLE="font-size: 10pt">&nbsp;&#9;</FONT><FONT STYLE="font-size: 12pt">David
N. Fletcher</FONT></P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0 0 0 3.5in"><FONT STYLE="font-size: 12pt">Authorized Signatory
for and on</FONT><FONT STYLE="font-size: 10pt"> </FONT><FONT STYLE="font-size: 12pt">behalf of<BR>
 Luxfer Holdings PLC</FONT></P>


<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>


<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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