<SEC-DOCUMENT>0000903423-17-000168.txt : 20170307
<SEC-HEADER>0000903423-17-000168.hdr.sgml : 20170307
<ACCEPTANCE-DATETIME>20170307170207
ACCESSION NUMBER:		0000903423-17-000168
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170307
FILED AS OF DATE:		20170307
DATE AS OF CHANGE:		20170307

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:		17672757

	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>luxfer6_0307.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">&nbsp;</P>

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

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

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

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">For the month of March 2017</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">&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>
</TABLE>
<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">&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">&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">&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: 18pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt"><B>Luxfer reports fourth-quarter results </B></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">SALFORD, England&mdash;(March 7,
2017)&mdash;<B>Luxfer Group (NYSE:LXFR)</B>, a global materials technology company, today issued its unaudited financial results
for the three-month and twelve-month periods ended December 31, 2016.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Three-month periods</B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ended December 31,</B></P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Twelve-month
        periods </B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ended
        December 31,</B></P></TD></TR>
<TR>
    <TD STYLE="width: 46%; padding-top: 6pt; padding-bottom: 6pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016</B></FONT></TD>
    <TD STYLE="width: 14%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015</FONT></TD>
    <TD STYLE="width: 14%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif">2015</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif"><B>Revenue</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; background-color: #C6D9F1; padding-top: 1pt; text-align: right"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif"><B>$96.1m
    &nbsp;</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt; text-align: right"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif">$107.4m
    &nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; background-color: #C6D9F1; padding-top: 1pt; text-align: right"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif"><B>$414.8m
    &nbsp;</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt; text-align: right"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif">$460.3m
    &nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0"><B>Trading profit</B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0"><I>Trading margin</I></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0"><B>Operating profit</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B>$5.2m</B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B><I>5.4%</I></B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B>$5.3m</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right">$9.5m</P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><I>8.8%</I></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right">$16.3m</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B>$35.3m</B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B><I>8.5%</I></B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B>$35.8m</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right">$42.3m</P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><I>9.2%</I></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right">$37.9m</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0"><B>Net income</B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0"><I>Earnings per share &ndash; Basic</I> <SUP>(1) </SUP></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B>$3.2m</B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B><I>$0.12</I></B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right">$7.4m</P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><I>$0.28</I></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B>$21.9m</B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B><I>$0.83</I></B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right">$16.1m</P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><I>$0.60</I></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0"><B>Adjusted net income <SUP>(2)</SUP></B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0"><I>Adjusted earnings per share &ndash; Basic </I></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0"><I>Adjusted earnings per share &ndash; Diluted </I></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B>$3.7m</B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B><I>$0.14</I></B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B><I>$0.14</I></B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right">$7.4m</P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><I>$0.28</I></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><I>$0.27</I></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B>$24.7m</B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B><I>$0.93</I></B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B><I>$0.92</I></B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right">$29.5m</P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><I>$1.10</I></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><I>$1.08</I></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0"><B>Adjusted EBITDA <SUP>(3)</SUP></B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0"><I>Adjusted EBITDA margin</I></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B>$10.2m</B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B><I>10.6%</I></B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right">$14.6m</P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><I>13.6%</I></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B>$55.3m</B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B><I>13.3%</I></B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right">$62.2m</P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><I>13.5</I>%</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif"><B>Net cash flows from operating activities</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; background-color: #C6D9F1; padding-top: 1pt; text-align: right"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif"><B>$9.4m&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt; text-align: right"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif">$15.2m
    &nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; background-color: #C6D9F1; padding-top: 1pt; text-align: right"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif"><B>$29.2m&nbsp;
    &nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt; text-align: right"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif">$52.8m
    &nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif"><B>Net debt (total debt less cash)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; background-color: #C6D9F1; padding-top: 1pt; text-align: right"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif"><B>$107.4m&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt; text-align: right"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif">$94.7m
    &nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; background-color: #C6D9F1; padding-top: 1pt; text-align: right"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif"><B>$107.4m&nbsp;
    &nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-top: 1pt; text-align: right"><FONT STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif">$94.7m
    &nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0"><B>Total equity &ndash; book value (net assets)</B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0"><I>&pound;0.50 ordinary shares outstanding </I></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B>$141.9m</B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B><I>26.4m</I></B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right">$169.7m</P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><I>26.9m</I></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: #C6D9F1; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B>$141.9m</B></P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><B><I>26.4m</I></B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right">$169.7m</P>
        <P STYLE="font: 9pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 0 0; text-align: right"><I>26.9m</I></P></TD></TR>
</TABLE>
<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" 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>(1)</SUP></B></FONT></TD><TD STYLE="text-align: justify; padding-right: 30.8pt"><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, certain accounting
charges relating to acquisitions and disposals of businesses (comprising the unwind of the discount on deferred contingent consideration
from acquisitions, other income / (expense) from acquisitions and disposals of businesses, and the amortization on acquired intangibles),
IAS&nbsp;19R retirement benefits finance charge, profit on sale of redundant site, changes to defined benefit pension plans, 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, changes to defined benefit pension plans, restructuring and other expense, other share-based compensation charges, loss on
disposal of property, plant and equipment and depreciation and amortization. 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 0 10pt; 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/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; 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: 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>


<!-- Field: Page; Sequence: 1 -->
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<P STYLE="font: 14pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; color: #365F91"><B>&nbsp;</B></P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; color: #365F91">Q4 2016 BUSINESS REVIEW</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><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">Q4 2016 IFRS operating profit and net income
were in line with the Company&rsquo;s most recent guidance. Q4 2016 adjusted earnings and adjusted EBITDA were also in line with
our expectations.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><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">Gas Cylinders &ndash; Q4 2016 underlying
segment trading profit was up on Q4 2015 and cemented a solid 33% improvement for the full year. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><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">Elektron &ndash; Q4 2016 segment trading
profit was impacted from below-trendline magnesium businesses, especially defense, through the second half of 2016,
resulting in a 29% reduction in full-year segment trading profit.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><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">Strategic projects &ndash; In 2016, Luxfer enhanced sustainable value on numerous fronts. We successfully commercialized two new proprietary magnesium alloys,
SoluMag<SUP>&reg;</SUP> and SynerMag<SUP>&reg;</SUP>, and also achieved a record year for sales of advanced chemical catalysis
products. Gas Cylinders Division has also introduced several new healthcare products that address the growing demand for medical
oxygen systems, achieving CE markings for both Luxfer-branded Portable Oxygen Concentrators (POCs) and our Advanced Oxygen System
(AOS). </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><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">Increases in corporate bond yields, used
to discount defined benefit pension liabilities, helped increase net assets in Q4 through a significant reduction in these liabilities.</FONT></TD></TR></TABLE>

<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">2017 Guidance: Sequential improvement is
expected from renewed magnesium order momentum, further gains in commercialization of new product offerings for zirconium and gas
cylinders, and the start of new Superform contracts. This begins to offset the demand disruptions experienced during the last two
quarters of 2016 from Q1 2017. Progressive benefit from favorable FX rates on UK exports (as old hedges run off) should also provide
positive momentum as the year unfolds, underpinned by a series of new cost-reduction initiatives. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.75pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.75pt; text-align: justify; color: #365F91">Fourth-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: 7.5pt 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: 7.5pt 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: 7.5pt 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: 7.5pt Arial, Helvetica, Sans-Serif"><B>2015</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 36%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; 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: justify">&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: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: left"><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>51.7</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>44.4</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>96.1</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; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">57.3</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">50.1</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">107.4&nbsp;&nbsp;&nbsp;&nbsp;</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>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>2.1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center; border-bottom: Black 1pt solid"><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: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>5.2</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">7.0</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">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%"><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>4.1%</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>7.0%</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: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>5.4%</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">4.4%</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">14.0%</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">8.8%</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>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>4.4</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>5.8</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: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>10.2</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">4.6</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">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">14.6</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>8.5%</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>13.1%</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>10.6%</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">8.0%</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">20.0%</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">13.6%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.75pt; text-align: justify">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt/9pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; 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"><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>Q4 2015 &ndash; as reported under IFRS</B></FONT></TD>
    <TD STYLE="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">&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>57.3</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>50.1</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>107.4</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="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">&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">(2.5)</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">(2.4)</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">(4.9)</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>Q4 2015 &ndash; adjusted for FX translation</B></FONT></TD>
    <TD STYLE="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">&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>54.8</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>47.7</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>102.5</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; Q4 2015 v Q4 2016</FONT></TD>
    <TD STYLE="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">&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">(3.1)</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">(3.3)</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">(6.4)</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>Q4 2016 &ndash; as reported under IFRS</B></FONT></TD>
    <TD STYLE="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">&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>51.7</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>44.4</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>96.1</B></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">On an IFRS-reported basis, revenue
in Q4 2016 was $96.1m compared to $107.4m for the same period in 2015. FX translation differences in the quarter were adverse by
$4.9m. Adjusted for FX translation, revenue was $6.4m lower than in Q4 2015.</P>


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<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Gas Cylinders Division revenue in
Q4 2016 was lower at $51.7m compared to $57.3m in Q4 2015. FX translation differences were adverse by $2.5m, and underlying revenue
was $3.1m lower.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Sales of aluminum cylinders in the fire
and industrial sectors improved compared to Q4 2015, partially offsetting the weakness in the medical and beverage sectors.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Our alternative fuel (AF) business maintained
its improved status, particularly for composite bus systems. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">SCBA sales were compressed in the
                                                                                                               quarter following higher shipments earlier in the year. One reason for the stronger first half was customers working through
                                                                                                               the balance of the backlog generated by regulatory approval issues in 2014.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As in earlier quarters of 2016, we have
been experiencing reduced demand in Europe for our higher-value medical composite cylinders because of customer redeployment of
existing cylinder inventory. We are implementing a strategy to widen our healthcare revenue stream through the introduction of
a refurbishment service, along with our newly CE-marked product offerings, POCs and AOS, which target a growing demand for enhanced
oxygen delivery systems to aid patient mobility. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Superform revenue improved compared to
Q4 2015 with strong new tooling sales, primarily for the specialty automotive sector and new contract wins. We expect these new
contracts to generate improved sales of formed parts in the second half of 2017 as we transition from the run-out of older contracts.
</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Elektron Division revenue in Q4
2016 was $44.4m compared to $50.1m in Q4 2015. FX translation differences were adverse by $2.4m, and underlying revenue was $3.3m
lower.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Weak demand from the U.S. defense sector
compressed sales of several magnesium product lines in the second half of the year. We believe the below-trendline orders were
largely a function of budgetary constraints and other issues, which are expected to reverse through 2017 and 2018.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q4 2016 automotive catalysis sales remained
weak, but we have seen a pick-up in our tendering for new business with both the current G4 technology and our next-generation
G6 catalysts. Sales of new chemical catalysis products continued to provide a partial offset. Sales of our proprietary SoluMag<SUP>&reg;</SUP>
alloy showed improved penetration, enhanced by evidence of a modest upturn in oil and gas activity in North America.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Photoengraving revenue was lower compared
to Q4 2015 as destocking in the U.S. market continued while we transition a higher portion of this business away from the distributor
channel and towards direct sales. This is expected to enable us to better support larger customers and take cost out of the supply
chain going forward.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Trading profit decreased to $5.2m
in Q4 2016 compared to $9.5m in Q4 2015, predominantly due to lower sales of magnesium products. FX translation differences reduced
trading profit by $0.1m, while FX transaction differences increased trading profit by $0.3m; therefore, at constant exchange rates,
trading profit was down $4.5m.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Gas Cylinders Division trading profit
was $2.1m, $0.4m lower compared to Q4 2015.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">FX differences reduced trading profit by
$0.6m, and underlying trading profit increased by $0.2m. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The underlying improvement in trading profit
reflects improved performance of the AF business, offset by lower medical cylinder sales and lower shipments of SCBA cylinders.
</FONT></TD></TR></TABLE>



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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 Q4 2016 was $3.1m, $3.9m lower compared to Q4 2015.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">FX differences increased trading profit
by $0.8m, and underlying trading profit reduced by $4.7m.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The usual &lsquo;add-on&rsquo; of military
meals (above the contracted minimum) was not placed for the first time in 15 years, reducing the need for our flameless ration
heaters, and orders for chemical agent decontamination products were also down significantly. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Demand for photoengraving plate was lower
in the U.S., as described above. In the medium term, the transition to increased direct selling is expected to be beneficial, but
in the short term it has resulted in supply chain destocking.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Military powder sales were also lower in
the quarter as a result of both some destocking and one customer still being impacted by its plant outage in May 2016, with higher
production now expected to start in early 2017.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.45pt; text-align: justify; color: #365F91">&nbsp;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; color: #365F91">Restructuring and
other expense</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">In Q4 2016, we incurred $0.2m of
severance costs and $0.3m of litigation costs relating to the patent infringement case, both within the Elektron Division.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The Q4 2015 charge of $11.2m included
$10.6m related to the rationalization of our AF cylinder facilities within the Gas Cylinders Division.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; color: #365F91">Other income statement
items</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Gross margin percentage was lower
in Q4 2016 compared to Q4 2015, decreasing from 21.7% to 19.4%, due to weaker Elektron sales. Gross profit in Q4 2016 was $18.6m
compared to $23.3m in Q4 2015, reduced by $1.1m due to FX differences, with other trading variances being adverse by $3.6m.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Distribution costs at $1.9m were
$0.1m higher than Q4 2015, and administrative expenses were $0.6m higher than in Q4 2015 at $12.0m. Our share of results of joint
ventures and associates was a $0.5m profit compared to a $0.6m loss in Q4 2015.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Trading profit in Q4 2016 was $5.2m,
down $4.3m on Q4 2015, as explained above.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Group operating profit was $5.3m
compared to $16.3m in Q4 2015. The decrease resulted partially from the fall in trading profit. We also recognized a credit of
$0.6m in Q4 2016 relating to changes to defined benefit pension plans compared to a $18.0m credit in Q4 2015. The decrease in operating
profit was partially offset by a $10.7m decrease in restructuring and other expense.</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 $10.2m, $4.4m lower than in Q4 2015. There was a $4.2m decrease for
the Elektron Division together with a $0.2m decrease in the Gas Cylinders Division. The FX impact was $0.1m adverse, so at constant
exchange rates, adjusted EBITDA was down $4.3m.</P>

<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; color: #365F91"></P>


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

<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; color: #365F91">Operating profit
to net income</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Acquisition and disposals costs
in Q4 2016 were a net $0.2m credit compared with a $1.9m debit in Q4 2015. Of the $0.2m credit, $0.5m credit related to the remeasurement
of deferred contingent consideration in relation to the acquisition of Luxfer Magtech by the Elektron Division, offset by a $0.3m
debit for costs incurred in a potential acquisition that was later aborted. The Q4 2015 debit of $1.9m related predominantly to
costs incurred in relation to two unsuccessful approaches to acquire the Company.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The net interest charge in Q4 2016
was $1.3m compared with $1.8m in Q4 2015. The IAS 19R retirement benefits charge was $0.7m, consistent with the charge in Q4 2015.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Profit on operations before taxation
was $3.4m in Q4 2016 (Q4 2015: $11.8m). Income tax expense was $0.2m (Q4 2015: $4.4m), and the statutory effective tax rate was
5.9% (Q4 2015: 37.3%). The rate in Q4 2016 was affected due to the recognition of additional deferred income taxes in respect of
previously unrecognized losses, as well as adjustments in respect of previous years. The rate in Q4 2015 was affected by AF restructuring
and other expenses, which did not lead to a full tax credit due to losses in AF operations. The underlying effective tax rate on
adjusted net income was 11.9% (Q4 2015: 12.9%).</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Net income in the period was $3.2m
compared with $7.4m in Q4 2015. Adjusted net income in Q4 2016 was $3.7m compared with $7.4m in Q4 2015 (see page 11 for reconciliation).</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Unadjusted basic EPS in Q4 2016
was $0.12 (see Note 5 of this release). Adjusted diluted EPS, which is used by management to measure underlying performance, was
$0.14 compared to $0.27 for Q4 2015.</P>

<P STYLE="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; color: #365F91">Cash flow and
net debt</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">There was a net decrease in cash
and cash equivalents of $17.2m in Q4 2016 compared to a net decrease in Q4 2015 of $2.4m. Cash balances at the end of Q4 2016 were
$13.6m compared to $36.9m at the end of Q4 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 $107.4m (see Note 2 of this release)
at the end of Q4 2016 compared to $94.7m at Q4 2015. Surplus cash has been and may in the future periods be used to repay some
of the banking revolver loans.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Net cash flow from continuing operating
activities was an inflow of $9.4m in Q4 2016 compared to an inflow of $15.2m in Q4 2015. Working capital decreases led to an inflow
of $4.4m compared to an inflow of $6.1m in Q4 2015.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Net cash flow from investing activities
was an outflow of $5.6m in Q4 2016 compared to an outflow of $7.4m in Q4 2015. Purchases of property, plant and equipment resulted
in an outflow of $4.6m in Q4 2016 compared to an outflow of $6.6m in Q4 2015.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The above trading activities resulted
in a net cash inflow before financing of $3.8m in Q4 2016 compared to an inflow of $7.8m in Q4 2015.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Cash flows from financing activities
in Q4 2016 were a net outflow of $21.0m compared to a net outflow of $10.2m in Q4 2015. During Q4 2016, $1.6m of interest was paid
to debt-holders, compared to $1.7m in Q4 2015. Dividends of $3.3m were paid to shareholders in Q4 2016 compared to $2.7m in Q4
2015 following the decision at the beginning of 2016 to increase the quarterly dividend per share by 25%. During Q4 2016, we made
net repayments on our banking facilities of $15.0m compared with net repayments of $5.9m in Q4 2015.</P>


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

<P STYLE="font: 12pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; color: #365F91">Twelve-month periods
ended December 31</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: 36%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; 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>&nbsp;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: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>225.8</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>189.0</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>414.8&nbsp;</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: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">239.1</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">221.2</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">460.3&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: left"><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>11.4</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>23.9</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>35.3</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">8.6</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">33.7</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">42.3</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%"><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>5.0%</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: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>12.6%</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>8.5%</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">3.6%</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">15.2%</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">9.2%</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>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>19.7</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>35.6</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>55.3</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">16.5</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">45.7</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">62.2</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>18.8%</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: center"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>13.3%&nbsp;</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">20.7%</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">13.5%&nbsp;</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; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; 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">&nbsp;</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>Q4 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>239.1</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>221.2</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>460.3</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">(6.9)</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">(6.5)</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">(13.4)</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>Q4 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>232.2</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>214.7</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>446.9</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; Q4 YTD 2015 v Q4 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">(6.4)</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">(25.7)</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">(32.1)</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>Q4 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>225.8</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>189.0</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>414.8</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal 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">On an IFRS-reported basis, 2016
annual revenue was $414.8m compared to $460.3m for 2015. Adverse FX translation reduced revenue by $13.4m, and underlying revenue
changes of $32.1m accounted for the remainder of the shortfall. FX transaction gains provided a benefit to revenue of $4.2m.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">In the Elektron Division, when adjusted
for FX, the revenue was $29.6m lower than last year, approximately $10m of this fall was a reduction in lower-margin magnesium
recycling services with the balance in higher-margin Elektron revenue lines. For zirconium chemicals this was primarily due to
reduced sales of automotive catalysis materials, currently in transition to a new generation of technology, partly offset by the
benefits of a growing industrial chemical catalysis business. In the second half of the year, sales of U.S. defense-related magnesium
products were depressed, reflecting, we believe, budgetary pressure on U.S. defense spending. Photoengraving revenue was impacted
by destocking at distributors in the latter part of the year as we made a transition to selling directly to certain customers instead
of through distributors. This action is expected to enable us to better support larger customers and take cost out of the supply
chain. Revenue increased, however, from European high-performance aerospace alloys, as did sales of our new SoluMag<SUP>&reg;</SUP>
alloy.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">In the Gas Cylinders Division, revenue
when adjusted for FX was reduced by $6.7m, mainly a result of the depressed medical cylinder demand and our customers reassigning
stocks of cylinders between regions rather than buying new cylinders. On a positive note, the AF business continued to improve
with year-on-year growth, and sales of industrial cylinders were also up. Superform sales were down slightly on 2015 due to lower
forming sales as existing contracts expire. However, tooling sales on new long-term contracts have increased as a result of new
business won with Ferrari and other prestige car manufacturers.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Gross profit for 2016 was $93.4m
compared to $104.0m for the same period in 2015. The annual 2016 gross margin percentage fell marginally to 22.5% compared with
22.6% in 2015.</P>

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

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


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

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Trading profit for 2016 of $35.3m
was $7.0m lower compared to $42.3m for 2015. FX differences adversely impacted profit by $0.8m, so at constant exchange rates,
trading profit was $6.2m or 14.9% lower.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The reduction in trading profit
for the Elektron Division was primarily due to challenges in the magnesium business highlighted above. However, the zirconium business
has held up well during the transition in autocatalysis technologies, with trading profits being flat compared to prior year, helped
by the progress in chemical catalysis.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Trading profit in the Gas Cylinders
Division increased significantly from 2015, partly due to a combination of increased AF sales and our actions to reduce the cost
base of the AF business, including closure of facilities in Utah and Germany during 2015, with production being consolidated into
other manufacturing units.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Operating profit was $35.8m for
2016, a decrease of $2.1m compared to 2015, primarily due to the decrease in trading profit for the year net of the significant
decrease in restructuring costs, which was offset in part by the changes to the defined benefit pension plans in 2015.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Profit on operations before taxation
for the year 2016 was higher at $27.9m compared to $25.6m in 2015. Tax expense was $6.0m compared to $9.5m for the same period
in 2015. The annual statutory effective tax rate decreased significantly from 37.1% to 21.5% in 2016. The statutory effective tax
rate was affected in 2015, because AF restructuring and other expenses did not lead to a full tax credit due to losses in AF operations.
The underlying effective tax rate on adjusted net income was 23.1% (2015: 22.6%).</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Net income for 2016 was up at $21.9m
compared to $16.1m in 2015, primarily due to the effect of reduced restructuring charges, offset in part by changes to the pension
plans.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Adjusted net income (as reconciled
to net income in Note 4 of this release) for 2016 was $24.7m compared to $29.5m in 2015. Adjusted diluted EPS was $0.92 for 2016,
down $0.16 from 2015; at constant FX rates, adjusted diluted EPS was $0.97, down $0.11 from 2015.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Adjusted EBITDA (as reconciled to
net income in Note 4 of this release) for 2016 was $55.3m compared with $62.2m for 2015. The FX impact was $1.6m adverse, so at
constant exchange rates, adjusted EBITDA was down $5.3m or 8.7%.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Net cash inflow from operating activities
for 2016 was $29.2m compared to $52.8m for 2015. The $23.6m decrease in operating cash flow was predominantly due to a $7.6m increase
in working capital compared to a $7.1m decrease in working capital in 2015 and a decrease in EBITDA as described above.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; color: #365F91">Retirement benefits</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The retirement benefits (pension)
deficit at Q4 2016 was $66.5m and at Q4 2015 was $58.9m. In 2016, the liability increased by $7.6m due to decreases in corporate
bond yields, partly offset by favorable pension plan asset returns.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">During 2016, we agreed to the sale
of $10.0m of U.S. pensioner liabilities to an insurer for a modest premium. We also offered lump sums to certain U.S. deferred
pensioners, with acceptances resulting in payments of $4.9m. The two events resulted in the recognition of a settlement credit
of a net $0.6m.</P>

<P STYLE="font: 10pt/11pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 11pt/11pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; color: #365F91">Share buy-back program</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; 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 and
size of any additional purchases under this 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 0 10pt; text-align: justify">In 2015, the Group purchased 146,804
shares at a cost of $1.9m. In 2016, the Group continued this program and purchased a further 634,930 shares at a cost of $6.3m,
of which 43,148 shares were purchased during Q4 at a cost of $0.4m.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; color: #365F91">Strategic product development update</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">In Q3 2016, Biotronik, our partner
in the joint research and development program on their bioresorbable scaffold, launched their product, branded &lsquo;Magmaris&rsquo;,
in certain countries in Europe, the Middle East and Australasia. Our SynerMag<SUP>&reg;</SUP> alloy system, used in the Magmaris
scaffold, is manufactured in our purpose-built, ISO 13485-approved manufacturing and testing center in Manchester, U.K.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Another new magnesium alloy, SoluMag<SUP>&reg;</SUP>,
for use in the oil and gas industry, was successfully commercialized and is now contributing to profitability.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">When we purchased what is now the
Luxfer Magtech business in 2014, it was almost entirely focused on the U.S. We have allocated additional sales resources to this
business, and we are now tendering for business in several non-U.S. markets.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">We have three specific magnesium
alloy components being tested for inclusion in new designs of aircraft seats, and we remain highly optimistic that we will get
some components flying in 2017.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Feedback from customers on laboratory
testing of our next-generation &lsquo;G6&rsquo; zirconium-based automotive catalysis product has been positive, and we await the
results from engine-testing.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">We are investing in extending the
capabilities of our Superform business in response to new business won for 2017 and onwards with Ferrari and another manufacturer
of prestige sports cars; we expect forming sales shipments to begin in the second half of 2017. New Superform equipment includes
a hemming cell to produce complete assembled enclosures (including doors and trunk lids) rather than just inner and outer panels,
as well as a &lsquo;restrike&rsquo; press to allow additional forming operations to be done on panels after superforming.</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; color: #365F91">Other information</P>

<P STYLE="font: 10pt/110% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">On November 4, 2016 it was announced
that Brian Purves, the Company&rsquo;s chief executive officer for the last 15 years, had informed the board of directors of his
intention to retire during the course of 2017.</P>

<P STYLE="font: 10pt/110% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">At the board&rsquo;s request, Mr.
Purves agreed to remain in his current role until his successor is appointed. The Company is working to ensure a smooth transition;
the nominations committee of the board has appointed an external advisor, and a sub-committee is considering candidates.</P>

<P STYLE="font: 10pt/110% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Mr. Purves was a member of the two-man
buy-in team that led the private equity-funded purchase of certain downstream assets from British Alcan in 1996, forming a new
company initially called British Aluminium. Since that date, the re-named Luxfer Group has been significantly re-shaped and put
on a sound financial footing, culminating in listing on the NYSE in October 2012.</P>

<P STYLE="font: 10pt/110% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The Company currently expects to
provide an update on the transition plan within the next two months.</P>


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<P STYLE="font: 10pt/110% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify"></P>

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

<P STYLE="font: 10pt/110% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Trading in Q4 was, as
expected, disrupted by the shortage of demand for various magnesium products. We had a relatively encouraging first half, but
the lower level of orders for magnesium-based products, particularly defense-related, reduced consolidated results for the
second half.</P>

<P STYLE="font: 10pt/110% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">In Gas Cylinders, we successfully
restored profitability to the AF business from the losses of 2015, despite the continuing market weakness caused by low oil prices.
European medical demand remained compressed throughout 2016, resulting in reduced European cylinder shipments. North American SCBA
demand finished flat over 2015, although with a stronger first half than second.</P>

<P STYLE="font: 10pt/110% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">In Elektron, the profitability of
our zirconium chemicals units was slightly improved as we continued transitioning to new technologies. Sales of high-performance
magnesium alloys, which had fallen in 2015 under the impact of lower helicopter build rates (weaker spending by defense and oil
and gas industries), stabilized. We made steady progress with our proprietary SoluMag<SUP>&reg;</SUP> oil and gas alloy, selling
$4m of product into a difficult market and providing enhanced productivity to an important customer base. The launch of Biotronik&rsquo;s
Magmaris scaffold, based on our SynerMag<SUP>&reg;</SUP> alloy, was a major milestone.</P>

<P STYLE="font: 10pt/110% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Sterling appears to have currently
settled at around 18% down on its value prior to the &lsquo;Brexit&rsquo; vote in June. We remain optimistic that exchange rates,
which have been unhelpful in 2016, should be a significant benefit in 2017 and beyond.</P>

<P STYLE="font: 10pt/110% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">New sales arising from our strategic
growth initiatives are collectively expected to generate a growing contribution in 2017. These include the SynerMag<SUP>&reg;</SUP>
and SoluMag<SUP>&reg;</SUP> alloys, other new medical products and services, geographic expansion of Luxfer Magtech, and a step-change
in the capacity of our Superform business in the second half of the year.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">We have seen some recovery in 2017
order cover for both military flares that use our atomized magnesium powders and military meals that use our flameless heaters,
with new awards or contracts covering 2017 requirements for these products having been placed by U.S. government agencies in Q4
2016. We have also received improved forecasts from European customers for medical cylinders. While our order book is still lower
than normal in certain areas, management is confident that full-year 2017 adjusted earnings should be restored to near the level
achieved in 2015, which means at least 10% higher than 2016. We expect that it will take at least until the second
quarter of 2017 before we get the full benefit of new contracts.</P>


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


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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/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">CONSOLIDATED
        INCOME STATEMENT FOR THE THREE-MONTH AND TWELVE-MONTH PERIODS ENDED DECEMBER 31, 2016 AND 2015</FONT></P>
        <P STYLE="font: 12pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="color: White">(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; font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="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"><B>Three-month periods</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended December 31,</B></P></TD>
    <TD COLSPAN="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>Twelve-month periods</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended December 31,</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 64%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif; 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; 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 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>96.1</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">107.4</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>414.8</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">460.3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Cost of sales</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>(77.5)</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">(84.1)</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>(321.4)</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">(356.3)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Gross profit</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>18.6</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">23.3</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>93.4</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">104.0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Distribution costs</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>(1.9)</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">(1.8)</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>(7.8)</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">(7.9)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Administrative expenses</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>(12.0)</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">(11.4)</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>(50.8)</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">(52.6)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Share of results of joint ventures and associates</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>0.5</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">(0.6)</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>0.5</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">(1.2)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="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 STYLE="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>5.2</B></FONT></TD>
    <TD STYLE="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">9.5</FONT></TD>
    <TD STYLE="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>35.3</B></FONT></TD>
    <TD STYLE="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">42.3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Profit on sale of redundant site</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>-</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">-</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>2.1</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">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Changes to defined benefit pension plans</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>0.6</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">18.0</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>0.6</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">18.0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Restructuring and other expense</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>(0.5)</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">(11.2)</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>(2.2)</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">(22.4)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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>OPERATING PROFIT</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>5.3</B></FONT></TD>
    <TD STYLE="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">16.3</FONT></TD>
    <TD STYLE="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>35.8</B></FONT></TD>
    <TD STYLE="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">37.9</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Other income / (expense):</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 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;Acquisitions and disposals</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>0.2</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">(1.9)</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">(2.0)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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;Finance income:</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 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest received </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>0.3</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>1.2</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">0.5</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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;Finance costs:</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 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest costs</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>(1.6)</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">(1.9)</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>(6.8)</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">(7.4)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IAS 19R retirement benefits finance charge</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>(0.7)</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">(0.7)</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>(2.1)</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">(3.0)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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>(0.4)</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">(0.4)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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>PROFIT ON OPERATIONS BEFORE TAXATION</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>3.4</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">11.8</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>27.9</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">25.6</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Income tax expense</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>(0.2)</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">(4.4)</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>(6.0)</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">(9.5)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="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 STYLE="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>3.2</B></FONT></TD>
    <TD STYLE="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">7.4</FONT></TD>
    <TD STYLE="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>21.9</B></FONT></TD>
    <TD STYLE="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">16.1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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 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>Attributable to:</B></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 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">Equity shareholders</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>3.2</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">7.4</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>21.9</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/115% Arial, Helvetica, Sans-Serif">16.1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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 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>NET INCOME FOR THE PERIOD</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>3.2</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">7.4</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>21.9</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">16.1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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 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>0.4</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">0.4</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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;Acquisitions and disposals </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>(0.2)</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">1.9</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">2.0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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;Amortization on acquired intangibles</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>-</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">0.3</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>1.0</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">1.4</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">IAS 19R retirement benefits finance charge</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>0.7</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">0.7</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>2.1</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">3.0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Profit on sale of redundant site</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>-</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">-</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>(2.1)</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">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Changes to defined benefit pension plans</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>(0.6)</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">(18.0)</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>(0.6)</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">(18.0)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Restructuring and other expense</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>0.5</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">11.2</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>2.2</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">22.4</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Other share-based compensation charges</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>0.3</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">0.5</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>1.4</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">1.3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">Income tax thereon</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>(0.3)</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">3.3</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>(1.4)</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">0.9</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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"><B>ADJUSTED NET INCOME</B></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>3.7</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">7.4</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>24.7</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">29.5</FONT></TD></TR>
</TABLE>
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        <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 TWELVE-MONTH PERIODS ENDED </FONT></P>
        <P STYLE="color: white; font: italic 12pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">DECEMBER
        31, 2016 AND 2015 </FONT></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/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Three-month
    periods <BR>
ended December 31,</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Twelve-month
    periods<BR>
 ended December 31,</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 60%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">$M</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Net income for the period</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.2</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">7.4</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>21.9</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">16.1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Other comprehensive income movements</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Items that may be reclassified to the consolidated income statement:</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Exchange movements on translation of foreign operations</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(4.1)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(2.8)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(13.1)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(8.6)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Fair value movements in cash flow hedges</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2.3</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(1.2)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.1</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(5.4)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Transfers to consolidated income statement on cash flow hedges</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.3)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.9)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Deferred income taxes on cash flow hedges</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(0.4)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">0.3</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">1.1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Hedge accounting income / (expense) adjustments</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.8</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(1.2)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(4.4)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Total hedge accounting and translation of foreign operations movements</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(2.3)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(4.0)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(12.9)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(13.0)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Items that will not be reclassified to the consolidated income statement:</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Remeasurement of defined benefit retirement plans </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>16.0</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">8.9</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(21.7)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">4.4</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Deferred income taxes on remeasurement of defined benefit retirement plans</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(3.9)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(2.5)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>4.3</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(1.5)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Retirement benefits changes </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>12.1</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">6.4</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(17.4)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2.9</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Total other comprehensive income / (loss) movements for the period</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>9.8</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><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-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(30.3)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">(10.1)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Total comprehensive income / (loss) for the period</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>13.0</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">9.8</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(8.4)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">6.0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>Attributed to:</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Equity shareholders</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>13.0</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">9.8</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>(8.4)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: right; line-height: 115%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">6.0</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 12 -->
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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>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"></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
        BALANCE SHEET AS OF </FONT></P>
        <P STYLE="color: white; font: italic 12pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">DECEMBER
        31, 2016 AND 2015 (UNAUDITED) </FONT></P></TD></TR>
</TABLE>


<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"></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="width: 55%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-left: 3pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>December 31,</B></FONT></TD>
    <TD STYLE="width: 15%; 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 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></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%; 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></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="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>127.9</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">136.0</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>80.6</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">87.0</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>10.0</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">7.2</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Deferred income tax assets</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"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>16.6</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">13.8</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Trade and other receivables</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"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.3</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">-</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"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>235.4</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: 7.5pt Arial, Helvetica, Sans-Serif">244.0</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>82.5</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">91.8</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>57.6</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">62.3</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>2.4</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">0.7</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&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>13.6</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">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">&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>156.1</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">191.7</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&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>391.5</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: 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="text-align: left; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>(7.1)</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">(1.3)</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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">316.6</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>(0.5)</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">(0.2)</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>3.8</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">4.1</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>(3.3)</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">(3.5)</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>(57.9)</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">(44.8)</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&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>(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></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: left; vertical-align: bottom"><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">&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>141.9</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">169.7</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&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>141.9</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">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="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>121.0</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">131.6</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>66.5</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">58.9</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>4.9</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">1.7</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>1.5</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">2.9</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>1.1</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">1.5</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Trade and other payables</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"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>0.6</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">-</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"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>195.6</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">196.6</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>51.1</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">65.5</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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">0.1</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>1.3</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">-</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&nbsp;</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>1.5</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">3.8</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">&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>54.0</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">69.4</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><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">&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>249.6</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">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%; text-align: left; vertical-align: bottom"><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">&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>391.5</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">435.7</FONT></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 13 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
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    <TD STYLE="width: 100%; padding-top: 10pt; 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 CASH FLOW STATEMENT FOR THE THREE-MONTH AND TWELVE-MONTH PERIODS ENDED DECEMBER 31, 2016 AND 2015 (UNAUDITED)</FONT></TD></TR>
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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; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">&#9;</FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 6.5pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>Three-month periods </B></P>
        <P STYLE="font: 6.5pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended December 31,</B></P></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 6.5pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>Twelve-month periods </B></P>
        <P STYLE="font: 6.5pt/11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended December 31,</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: 64%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">$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: 6.5pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">$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%; text-align: left; vertical-align: bottom"><FONT STYLE="font: 6.5pt 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: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>3.2</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: 6.5pt Arial, Helvetica, Sans-Serif">7.4</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>21.9</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: 6.5pt Arial, Helvetica, Sans-Serif">16.1</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Adjustments to reconcile net income for the period to net cash flows from continuing operating activities: </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="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Income taxes</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">4.4</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>6.0</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">9.5</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Depreciation and amortization </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>4.5</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">4.6</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>18.4</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">18.6</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Loss on disposal of property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>&#9;0.1</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Profit on sale of redundant site</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>(2.1)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Share-based compensation charges net of cash settlement</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif">0.5</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>1.1</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">1.3</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Net interest costs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>1.3</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">1.8</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>5.6</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">6.9</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Non-cash restructuring charges</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif">9.0</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif">17.7</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Curtailment and past service credits on retirement benefits obligations</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(0.6)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(18.2)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(0.6)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(18.2)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>0.7</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">0.7</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>2.1</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">3.0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Acquisitions and disposals </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(0.2)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">1.9</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(0.2)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">2.0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Unwind of discount on deferred contingent consideration from acquisitions</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif">0.1</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">0.4</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Share of results of joint ventures and associates</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif">0.6</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt 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: 6.5pt 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">&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: top; 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%; text-indent: 15.9pt"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Sale of assets classified as held for sale</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt 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: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif">1.2</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-indent: 15.9pt"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Decrease / (increase) in receivables</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>4.1</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">7.1</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(1.8)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">5.0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-indent: 15.9pt"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Decrease / (increase) in inventories </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>6.6</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(1.0)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>4.5</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">3.0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-indent: 15.9pt"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Decrease in payables</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(6.3)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>(10.3)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(0.9)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Movement in retirement benefits obligations </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(2.0)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(1.4)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(6.3)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(8.6)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Movement in provisions </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif">(0.4)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(2.6)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">0.3</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Acquisition and disposal costs paid</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif">(0.5)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(1.2)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(0.6)</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%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Income taxes paid </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: 6.5pt Arial, Helvetica, Sans-Serif"><B>(0.2)</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: 6.5pt 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: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(5.4)</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: 6.5pt Arial, Helvetica, Sans-Serif">(5.1)</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: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>9.4</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: 6.5pt Arial, Helvetica, Sans-Serif">15.2</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: 6.5pt Arial, Helvetica, Sans-Serif"><B>29.2</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: 6.5pt Arial, Helvetica, Sans-Serif">52.8</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><FONT STYLE="font: 6.5pt 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 STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Purchases of property, plant and equipment </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(4.6)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(6.6)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(16.5)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(15.3)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Purchases of intangible assets </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(1.4)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(0.9)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(2.4)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(2.1)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Proceeds from sale of redundant site</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt 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: 6.5pt 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: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Receipts from sales of property, plant and equipment</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>0.4</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Cash received as compensation for&nbsp;&nbsp;insured assets</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Investment in joint ventures and associates </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(4.2)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Interest income received from joint ventures and associates</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif">0.1</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>0.3</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">0.4</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%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Net cash flows on purchase of businesses</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: 6.5pt 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: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>(0.3)</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: 6.5pt Arial, Helvetica, Sans-Serif">-</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%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>NET CASH FLOWS FROM INVESTING 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>(5.6)</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: 6.5pt Arial, Helvetica, Sans-Serif">(7.4)</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: 6.5pt Arial, Helvetica, Sans-Serif"><B>(15.1)</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: 6.5pt Arial, Helvetica, Sans-Serif">(21.2)</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%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>NET CASH FLOWS BEFORE FINANCING </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: 6.5pt Arial, Helvetica, Sans-Serif"><B>3.8</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: 6.5pt Arial, Helvetica, Sans-Serif">7.8</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: 6.5pt Arial, Helvetica, Sans-Serif"><B>14.1</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: 6.5pt Arial, Helvetica, Sans-Serif">31.6</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; vertical-align: bottom"><FONT STYLE="font: 6.5pt 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 STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Interest and similar finance costs paid on banking facilities </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(0.6)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(0.5)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(1.9)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(1.7)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Interest paid on Loan Notes </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif">(1.2)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(4.5)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(4.9)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Bank interest received</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">0.1</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">0.2</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(Repayment) / draw down on banking facilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(15.0)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(5.9)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(8.5)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">9.6</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Extension to Loan Notes &ndash; financing costs </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>(0.2)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">-</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Dividends paid </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>(13.3)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(10.8)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">ESOP cash movements</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(0.9)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif">0.1</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Proceeds from issue of shares</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt 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: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif">0.2</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Purchase of treasury shares</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(0.4)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>(6.3)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(1.9)</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: 6.5pt Arial, Helvetica, Sans-Serif"><B>NET CASH FLOWS FROM FINANCING ACTIVITIES </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: 6.5pt Arial, Helvetica, Sans-Serif"><B>(21.0)</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: 6.5pt Arial, Helvetica, Sans-Serif">(10.2)</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: 6.5pt Arial, Helvetica, Sans-Serif"><B>(35.5)</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: 6.5pt Arial, Helvetica, Sans-Serif">(9.2)</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%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS </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: 6.5pt Arial, Helvetica, Sans-Serif"><B>(17.2)</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: 6.5pt 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: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(21.4)</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: 6.5pt Arial, Helvetica, Sans-Serif">22.4</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Net foreign exchange movements</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(1.5)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(0.3)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif"><B>(1.9)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">(0.1)</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%"><FONT STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif">Cash and cash equivalents at beginning of period </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: 6.5pt Arial, Helvetica, Sans-Serif"><B>32.3</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: 6.5pt Arial, Helvetica, Sans-Serif">39.6</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: 6.5pt Arial, Helvetica, Sans-Serif"><B>36.9</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: 6.5pt 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: 6.5pt 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: 6.5pt Arial, Helvetica, Sans-Serif"><B>13.6</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: 6.5pt Arial, Helvetica, Sans-Serif">36.9</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: 6.5pt Arial, Helvetica, Sans-Serif"><B>13.6</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: 6.5pt Arial, Helvetica, Sans-Serif">36.9</FONT></TD></TR>
</TABLE>

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<TD STYLE="width: 0pt"></TD><TD STYLE="width: 0pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1.</FONT></TD><TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Revenue and segmental analysis</FONT></TD></TR></TABLE>

<P STYLE="font: 7.5pt/115% 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 sites 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 sites, 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: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 7.5pt"><B>REPORTING
SEGMENTS:&#9; &#9;</B></FONT><B>&#9;</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-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>Three-month period ended December 31, 2016</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>Three-month period ended December 31, 2015</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Gas Cylinders</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Total</B></FONT></TD>
    <TD STYLE="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Gas Cylinders</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 5%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Total</B></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%; 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: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>$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: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>$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">&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: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>$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: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Segment revenue</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">51.7</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">44.4</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>96.1</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">57.3</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">50.5</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>107.8</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Inter-segment sales</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.4)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.4)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Revenue to external customers</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>51.7</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>44.4</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>96.1</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>57.3</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>50.1</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>107.4</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>Result</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Adjusted EBITDA</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>4.4</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5.8</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">
        <FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>10.2</B></FONT>
        <P STYLE="font: 6pt/normal Arial, Helvetica, Sans-Serif; margin: 1.5pt 0; text-align: right"><B>&nbsp;</B></P></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>4.6</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>10.0</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>14.6</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Other share-based compensation charges</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.3)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.3)</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.3)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Loss on disposal of property, plant and equipment</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.2)</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Depreciation and amortization</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.2)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.3)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(4.5)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(1.8)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.8)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(4.6)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Trading profit - segment result</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2.1</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3.1</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5.2</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2.5</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>7.0</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>9.5</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Changes to defined benefit pension plans</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.6</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.6</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">18.0</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>18.0</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Restructuring and other expense</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.5)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.5)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(10.7)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.5)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(11.2)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Operating profit </FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2.1</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2.6</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.6</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5.3</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(8.2)</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>6.5</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>18.0</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>16.3</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Acquisitions and disposals</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.2</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(1.8)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(1.9)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Net interest costs</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(1.3)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(1.3)</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(1.8)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(1.8)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">IAS 19R retirement benefits finance charge</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.7)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.7)</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.7)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.7)</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Unwind of discount on deferred contingent consideration from&nbsp;&nbsp;acquisitions</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.5pt; padding-bottom: 1.5pt; 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; border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Profit / (loss) on operations before tax</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2.1</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2.7</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(1.4)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3.4</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(8.3)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>6.4</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>13.7</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>11.8</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Income tax expense</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.2)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(4.4)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(4.4)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Net income for the period</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3.2</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>7.4</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>Other segment information</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Segment assets</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">146.8</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">190.6</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">54.1</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>391.5</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">158.3</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">208.5</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">68.9</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>435.7</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Segment liabilities</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(21.7)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(14.2)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(213.7)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(249.6)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(32.3)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(21.4)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(212.3)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(266.0)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Net assets / (liabilities)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>125.1</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>176.4</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(159.6)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>141.9</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>126.0</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>187.1</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(143.4)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>169.7</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Capital expenditure: Property, plant and equipment</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.0</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">4.0</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5.0</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">2.7</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">4.2</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>6.9</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Capital expenditure: Intangible assets</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.9</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.5</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1.4</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.6</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.5</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1.1</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>Twelve-month period ended December 31, 2016</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>Twelve-month period ended December 31, 2015</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Gas Cylinders</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Unallocated</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Total</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Gas&nbsp;&nbsp;Cylinders</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Elektron</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Unallocated</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 5pt Arial, Helvetica, Sans-Serif"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>$M</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>Revenue</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Segment revenue</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">225.8</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">189.1</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>414.9</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">239.1</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">221.8</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>460.9</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Inter-segment sales</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.1)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.6)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.6)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Revenue to external customers</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>225.8</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>189.0</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>414.8</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>239.1</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>221.2</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>460.3</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>Result</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Adjusted EBITDA</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>19.7</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>35.6</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>55.3</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>16.5</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>45.7</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>62.2</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Other share-based compensation charges</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.6)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.8)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(1.4)</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.7)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.6)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(1.3)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Loss on disposal of property, plant and equipment</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.1)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.2)</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Depreciation and amortization</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(7.6)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(10.8)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(18.4)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(7.2)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(11.4)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(18.6)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Trading profit - segment result</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>11.4</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>23.9</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>35.3</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>8.6</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>33.7</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>42.3</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Profit on sale of redundant site</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">2.1</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2.1</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>-</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Changes to defined benefit pension plans</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.6</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.6</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">18.0</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>18.0</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Restructuring and other expense</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.2)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(2.2)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(21.9)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.5)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(22.4)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Operating profit / (loss)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>11.4</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>21.7</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2.7</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>35.8</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(13.3)</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>33.2</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>18.0</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>37.9</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Acquisitions and disposals</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.2</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0.2</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(1.8)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(2.0)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Net interest costs</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(5.6)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(5.6)</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(6.9)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(6.9)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">IAS 19R retirement benefits finance charge</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(2.1)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(2.1)</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(3.0)</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(3.0)</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Unwind of discount on deferred contingent consideration from&nbsp;&nbsp;acquisitions</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.4)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.4)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(0.4)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(0.4)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Profit / (loss) on operations before tax</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>11.4</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>21.5</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(5.0)</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>27.9</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(13.5)</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>32.8</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>6.3</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>25.6</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Income tax expense</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(6.0)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(6.0)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">(9.5)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(9.5)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Net income for the period</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>21.9</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>16.1</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>Other segment information</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Capital expenditure: Property, plant and equipment</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">6.5</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">10.0</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>16.5</B></FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">6.0</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">9.3</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>15.3</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Capital expenditure: Intangible assets</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.5</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0.9</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2.4</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.3</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1.0</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.5pt; padding-bottom: 1.5pt; line-height: 150%; text-align: right"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2.3</B></FONT></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 15 -->
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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="color: #4F81BD; font: bold 13pt/115% Cambria, Times, Serif; margin: 10pt 0 0">&nbsp;</P>

<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0">2. Calculation of net debt</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">&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>December 31,</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">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">&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></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">&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></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">&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>(121.0)</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">(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">&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>13.6</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">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">&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>(107.4)</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">(94.7)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 7.5pt/150% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: bold 10pt/115% Arial, Helvetica, Sans-Serif; margin: 10pt 0 0">3. Other income / (expense) items</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 December 31,</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>Twelve-month periods </B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended December 31,</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>
</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-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>a)</B></FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Profit
                                         on sale of redundant site</B></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">Credited 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">Profit on sale of redundant site</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>2.1</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>-</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">-</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>2.1</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">-</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-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>b)</B></FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Changes
                                         to defined benefit pension plans</B></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">Credited 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">Changes to defined benefit pension plan</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>0.6</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">18.0</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>0.6</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">18.0</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>0.6</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">18.0</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>0.6</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">18.0</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-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>c)</B></FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Restructuring
                                         and other expense</B></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>(0.2)</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">(10.6)</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>(0.4)</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">(21.8)</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>(0.3)</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">(0.5)</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>(0.6)</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">(0.5)</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">Receivable impairment provision</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>(1.2)</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="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">I.P.O.-related share-based compensation charges</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">(0.1)</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">(0.1)</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>(0.5)</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">(11.2)</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>(2.2)</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">(22.4)</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-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>d)</B></FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt"><B>Restructuring
                                         and other expense</B></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 non-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">Merger and acquisition 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>(0.3)</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">(1.9)</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>(0.3)</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">(2.0)</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">Re-measurement of deferred contingent consideration</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>0.5</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">-</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>0.5</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">-</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>0.2</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">(1.9)</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">(2.0)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

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

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 7.5pt; text-align: justify">For the twelve-month period
ended December 31, 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"><B><I>Changes to defined benefit pension plans</I></B></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 7.5pt; text-align: justify">For the three-month and twelve
month periods ended December 31, 2016, a net credit of $0.6m has been recognized in relation to deferred members in the U.S. pension
plan being offered the option of a lump sum in respect of their benefits in the plan. The partial settlement of the pension liabilities
resulted in a non-cash credit in the income statement of $0.6m.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">For the three-month and twelve-month
periods ended December 31, 2015, a net credit of $18.0m has been recognized in relation to changes to the U.K. defined benefit
pension plans effective April 2016 in respect to closure of the plan to future accrual and changing the reference index from the
Retail Price Index (&ldquo;RPI&rdquo;) to the Consumer Price Index (&ldquo;CPI&rdquo;) when increasing pensions in payment. This
credit comprises a past service credit of $14.9m and a curtailment credit of $3.3m, offset by associated advisory costs of $0.2m.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</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 0 7.5pt; text-align: justify">For the three-month and twelve-month
periods ended December 31, 2016, $0.2m and $0.4m, respectively, have been incurred 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">For the three-month and twelve-month
periods ended December 31, 2015, $10.6m and $21.8m, respectively, have been incurred in relation to rationalization and similar
expenses; all such costs relate to the Gas Cylinders Division. The $21.8m of costs incurred in the Gas Cylinders Division related
to the rationalization of its Alternative Fuel (&ldquo;AF&rdquo;) operations, including closure of two manufacturing facilities
(in Germany and Utah) and a review of related assets and investments for obsolescence and impairment. The charge comprises asset
write-downs of $17.7m, redundancy costs of $2.2m, closure costs of $1.7m and legal costs of $0.2m.</P>

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


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<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>3. Other expense items (continued)</B></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 0 7.5pt; text-align: justify">For the three-month and twelve-month
periods ended December 31, 2016, we incurred $0.3m and $0.6m, respectively, 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 0 7.5pt; text-align: justify">For the three-month and twelve-month
periods ended December 31, 2015, $0.5m of costs have been incurred in relation to the patent infringement litigation against a
competitor.</P>

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

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 7.5pt; text-align: justify">For the twelve-month period
ended December 31, 2016, $1.2m has been incurred for an impairment charge on receivables in relation to the aerospace customer
that entered Chapter 11 protection.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>I.P.O. related share-based compensation charges</I></B></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">For the three-month and twelve-month
periods ended December 31, 2015, a charge of $0.1m was recognized in the income statement under IFRS 2 in relation to share options
granted as part of the initial public offering in 2012.</P>

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

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>Merger and acquisition costs</I></B></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 7.5pt; text-align: justify">For the three-month and twelve-month
periods ended December 31, 2016, charges of $0.3m were recognized in the income statement in relation to costs incurred in relation
to a potential acquisition that was aborted.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 7.5pt; text-align: justify">For the three-month and twelve-month
periods ended December 31, 2015, charges of $1.9m and $2.0m, respectively, were recognized in the income statement in relation
to merger and acquisition activity. During the three-month and twelve-month periods ended December 31, 2015, we incurred $1.8m
of costs related to two approaches to acquire the company. Neither of these approaches resulted in an executable offer that could
be put to shareholders.</P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>Remeasurement of deferred contingent consideration</I></B></P>

<P STYLE="font: 7.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 7.5pt; text-align: justify">For the three-month and twelve-month
periods ended December 31, 2016, a credit of $0.5m was recognized in the income statement in relation to the remeasurement of deferred
contingent consideration arising from acquisitions. This related to the Elektron Division and specifically to the acquisition of
Luxfer Magtech, where an element of deferred contingent consideration was no longer payable due to the acquired business failing
to achieve a profit trigger as at December 31, 2016.</P>


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

<P STYLE="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 7.5pt; text-align: justify">&nbsp;</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% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</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 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 December 31,</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"><B>Twelve-month periods </B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ended December 31,</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: -56.7pt; line-height: 150%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 60%; padding-top: 1pt; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%">&nbsp;</TD>
    <TD STYLE="width: 9%; 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">&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-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">Net
    income for the period</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>3.2</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">7.4</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>21.9</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">16.1</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">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 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>0.4</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">0.4</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;Acquisitions and disposals</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">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>(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">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;Amortization on acquired intangibles</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>-</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">1.4</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">IAS 19R retirement benefits finance charge</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>
    <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">3.0</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">Profit on sale of redundant site</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>-</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">Changes to the defined benefit pension plan</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>(0.6)</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">(18.0)</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>(0.6)</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">(18.0)</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">Restructuring and other expense</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>0.5</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">11.2</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>2.2</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">22.4</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">Other share-based compensation charges</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>0.3</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">0.5</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>1.4</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">1.3</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: 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>(0.3)</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">3.3</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>(1.4)</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">0.9</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">Adjusted net income</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>3.7</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">7.4</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>24.7</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">29.5</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: 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):</FONT></TD>
    <TD STYLE="vertical-align: top; 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 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;Income tax thereon</FONT></TD>
    <TD STYLE="vertical-align: top; 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>0.3</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">(3.3)</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>1.4</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">(0.9)</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">&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%; 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">4.4</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>6.0</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">9.5</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">&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%; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>1.3</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">1.8</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>5.6</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">6.9</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss on disposal of property, plant and equipment</FONT></TD>
    <TD STYLE="vertical-align: top; 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">-</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">-</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;Depreciation and amortization</FONT></TD>
    <TD STYLE="vertical-align: top; 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>4.5</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">4.6</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>18.4</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">18.6</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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization on acquired intangibles</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%; 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-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>(1.0)</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">(1.4)</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: 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>10.2</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">14.6</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>55.3</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">62.2</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 0 7.5pt; 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">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.<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
has 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>

<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 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>Twelve-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 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 December 31,</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 December 31,</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 59%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">2015</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>2016</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/115% Calibri, Helvetica, Sans-Serif; 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; 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>
    <TD 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 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 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-left: 5.4pt; text-align: right"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif"><B>3.2</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">7.4</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 Arial, Helvetica, Sans-Serif"><B>21.9</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 Arial, Helvetica, Sans-Serif">16.1</FONT></TD></TR>
<TR>
    <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/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 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 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 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>0.4</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">0.4</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;Acquisitions and disposals</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">1.9</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">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;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>-</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">1.4</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">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>0.7</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>
    <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">3.0</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">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 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">Changes to defined benefit pension plan</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">(18.0)</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 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">(18.0)</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">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>0.5</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">11.2</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 Arial, Helvetica, Sans-Serif"><B>2.2</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">22.4</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">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>0.3</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 Arial, Helvetica, Sans-Serif">0.5</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>1.4</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">1.3</FONT></TD></TR>
<TR>
    <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"><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>(0.3)</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 Arial, Helvetica, Sans-Serif">3.3</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>(1.4)</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">0.9</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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 earnings</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>3.7</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">7.4</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>24.7</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">29.5</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD 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">&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>
    <TD 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 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>26,420,537</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">26,886,560</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>26,443,662</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">26,918,987</FONT></TD></TR>
<TR>
    <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"><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>213,255</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">369,377</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>270,997</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">453,736</FONT></TD></TR>
<TR>
    <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"><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>26,633,792</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">27,255,938</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>26,714,659</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">27,372,723</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">&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 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 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 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>$0.14</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>$0.93</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">$1.10</FONT></TD></TR>
<TR>
    <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"><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>$0.12</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">$0.28</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>$0.83</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">$0.60</FONT></TD></TR>
<TR>
    <TD 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 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>$0.14</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">$0.27</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>$0.92</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">$1.08</FONT></TD></TR>
<TR>
    <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"><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>$0.12</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">$0.27</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>$0.82</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">$0.59</FONT></TD></TR>
</TABLE>
<P STYLE="font: 7.5pt/10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

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


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<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</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 0 10pt; 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 0 10pt; 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 December 31, 2016.</P>

<P STYLE="font: 7.5pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">The main reason for the increased
deficit at December 31, 2016, when compared to December 31, 2015, is that during the year there has been lower-than-expected asset
returns that has been more than offset by the loss from the increase in long-term U.K. inflation expectations and from the decrease
in discount rates. This has been partially offset by gains from exchange rate movements and a settlement credit from the U.S. lump
sum exercise.</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 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>
    <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; text-indent: 0.5in"><B>Three-month periods</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0.5in"><B>ended December 31,</B></P></TD>
    <TD COLSPAN="2" ROWSPAN="2" NOWRAP STYLE="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>Twelve-month periods<BR>
</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0.5in"><B>ended December 31,</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>87.8</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">88.6</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 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>1.5</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">2.1</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>7.0</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">8.9</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">Lump sum settlement credit to the 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>(0.6)</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">-</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>(0.6)</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">-</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">Curtailment credit to the 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>-</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">(3.3)</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"><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">(3.3)</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">Past service credit to the 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>-</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">(14.9)</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>-</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">(14.9)</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">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>(2.4)</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">(2.8)</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>(10.9)</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">(14.5)</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">(Credited) / charged 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>(16.0)</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">(8.9)</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>21.7</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">(4.4)</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>(3.8)</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">(1.9)</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>(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: 7.5pt Arial, Helvetica, Sans-Serif">(3.8)</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>66.5</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">58.9</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>66.5</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">58.9</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 STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; 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; text-indent: 0.5in"><B>Three-month periods</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0.5in"><B>ended December 31,</B></P></TD>
    <TD COLSPAN="2" ROWSPAN="2" NOWRAP STYLE="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>Twelve-month periods<BR>
</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0.5in"><B>ended December 31,</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 STYLE="vertical-align: top">
    <TD STYLE="width: 51%; 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%; 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 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 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 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">-</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 STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interim dividend 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"><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 STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interim dividend paid November 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">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 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 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>-</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 STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interim dividend paid August 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>3.3</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 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 paid November 2, 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 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>13.3</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">10.8</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"><B>Dividends declared after December 31 (not recognized as a liability as at December 31):</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 STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 150%; text-align: left; vertical-align: bottom"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interim dividend declared and paid February 3, 2016 ($0.125 per ordinary share)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: top">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>-</B></P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: top">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0">3.4</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: top">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>-</B></P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: top">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0">3.4</P></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%; text-align: left; vertical-align: bottom"><FONT STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif">Interim dividend declared and paid February 1, 2017 ($0.125 per ordinary share)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: top">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>3.3</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: top">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0">-</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: top">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>3.3</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: top">
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 7.5pt/12pt Arial, Helvetica, Sans-Serif; margin: 0">-</P></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%; 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">3.4</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: 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">3.4</FONT></TD></TR>
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<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><BR>
<FONT STYLE="font-size: 12pt"><B><I>&nbsp;&nbsp;</I></B></FONT></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">&nbsp;</P>

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</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;March 7,&nbsp;2017&nbsp;</P>

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

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


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

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<BR></P>



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