<SEC-DOCUMENT>0001654954-25-004634.txt : 20250425
<SEC-HEADER>0001654954-25-004634.hdr.sgml : 20250425
<ACCEPTANCE-DATETIME>20250425064629
ACCESSION NUMBER:		0001654954-25-004634
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250425
FILED AS OF DATE:		20250425
DATE AS OF CHANGE:		20250425

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WPP plc
		CENTRAL INDEX KEY:			0000806968
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING AGENCIES [7311]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38303
		FILM NUMBER:		25869893

	BUSINESS ADDRESS:	
		STREET 1:		SEA CONTAINERS
		STREET 2:		18 UPPER GROUND
		CITY:			LONDON
		STATE:			X0
		ZIP:			SE1 9GL
		BUSINESS PHONE:		440 20 7282 4600

	MAIL ADDRESS:	
		STREET 1:		SEA CONTAINERS
		STREET 2:		18 UPPER GROUND
		CITY:			LONDON
		STATE:			X0
		ZIP:			SE1 9GL

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WPP GROUP PLC
		DATE OF NAME CHANGE:	19960514
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a1362g.htm
<DESCRIPTION>FIRST QUARTER 2025 TRADING UPDATE
<TEXT>
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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Washington, D.C. 20549</font></div>
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_____________________</font></div>
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FORM 6-K</font></div>
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____________________</font></div>
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Report of Foreign Private Issuer</font></div>
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Pursuant to Rule 13a-16 or 15d-16</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
under the Securities Exchange Act of 1934</font></div>
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For the Month of April 2025</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Commission File Number: 001-38303</font></div>
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______________________</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 24px">
WPP plc</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
(Translation of registrant's name into English)</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
________________________</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Sea Containers, 18 Upper Ground</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
London, United Kingdom SE1 9GL</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
(Address of principal executive offices)</font></div>
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_________________________</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Form
20-F <font style="text-decoration: underline">X</font> Form 40-F
___</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ___</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
Note</font>:&#xA0; Regulation S-T Rule 101(b)(1) only permits the
submission in paper of a Form 6-K if submitted solely to provide an
attached annual report to security holders.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): ___</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
Note:</font>&#xA0; Regulation S-T Rule 101(b)(7) only permits the
submission in paper of a Form 6-K if submitted to furnish a report
or other document that the registrant foreign private issuer must
furnish and make public under the laws of the jurisdiction in which
the registrant is incorporated, domiciled or legally organized (the
registrant&#x2019;s &#x201C;home country&#x201D;), or under the rules
of the home country exchange on which the registrant&#x2019;s
securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been
distributed to the registrant&#x2019;s security holders, and, if
discussing a material event, has already been the subject of a Form
6-K submission or other Commission filing on EDGAR.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Forward-Looking Statements</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company may include forward-looking statements (including as
defined in the U.S. Private Securities Litigation Reform Act of
1995) in oral or written public statements issued by or on behalf
of the Company. These forward-looking statements may include, among
other things, plans, objectives, beliefs, intentions, strategies,
projections and anticipated future economic performance based on
assumptions and the like that are subject to risks and
uncertainties. These statements can be identified by the fact that
they do not relate strictly to historical or current facts. They
use words such as &#x2018;aim&#x2019;, &#x2018;anticipate&#x2019;,
&#x2018;believe&#x2019;, &#x2018;estimate&#x2019;,
&#x2018;expect&#x2019;, &#x2018;forecast&#x2019;,
&#x2018;guidance&#x2019;, &#x2018;intend&#x2019;, &#x2018;may&#x2019;,
&#x2018;will&#x2019;, &#x2018;should&#x2019;, &#x2018;potential&#x2019;,
&#x2018;possible&#x2019;, &#x2018;predict&#x2019;,
&#x2018;project&#x2019;, &#x2018;plan&#x2019;, &#x2018;target&#x2019;,
and other words and similar references to future periods but are
not the exclusive means of identifying such statements. As such,
all forward-looking statements involve risk and uncertainty because
they relate to future events and circumstances that are beyond the
control of the Company. Actual results or outcomes may differ
materially from those discussed or implied in the forward-looking
statements. Therefore, you should not rely on such forward-looking
statements, which speak only as of the date they are made, as a
prediction of actual results or otherwise. Important factors which
may cause actual results to differ include but are not limited to:
the unanticipated loss of a material client or key personnel;
delays, suspensions or reductions in client advertising budgets;
shifts in industry rates of compensation; regulatory compliance
costs or litigation; changes in competitive factors in the
industries in which we operate and demand for our products and
services; changes in client advertising, marketing and corporate
communications requirements; our inability to realise the future
anticipated benefits of acquisitions; failure to realise our
assumptions regarding goodwill and indefinite lived intangible
assets; natural disasters or acts of terrorism; the Company&#x2019;s
ability to attract new clients; the economic and geopolitical
impact of the conflicts in Ukraine and the Middle East; the risk of
global economic downturn; slower growth, increasing interest rates
and high and sustained inflation; tariffs and other trade barriers;
supply chain issues affecting the distribution of our
clients&#x2019; products; technological changes and risks to the
security of IT and operational infrastructure, systems, data and
information resulting from increased threat of cyber and other
attacks; effectively managing the risks, challenges and
efficiencies presented by using Artificial Intelligence (AI) and
Generative AI technologies and partnerships in our business; risks
related to our environmental, social and governance goals and
initiatives, including impacts from regulators and other
stakeholders, and the impact of factors outside of our control on
such goals and initiatives; the Company&#x2019;s exposure to changes
in the values of other major currencies (because a substantial
portion of its revenues are derived and costs incurred outside of
the UK); and the overall level of economic activity in the
Company&#x2019;s major markets (which varies depending on, among
other things, regional, national and international political and
economic conditions and government regulations in the world&#x2019;s
advertising markets). In addition, you should consider the risks
described in Item 3D, captioned &#x201C;Risk Factors&#x201D; in the
Group&#x2019;s most recent Annual Report on Form 20-F, which could
also cause actual results to differ from forward-looking
information. In light of these and other uncertainties, the
forward-looking statements included in this document should not be
regarded as a representation by the Company that the
Company&#x2019;s plans and objectives will be achieved. Neither the
Company, nor any of its directors, officers or employees, provides
any representation, assurance or guarantee that the occurrence of
any events anticipated, expressed or implied in any forward-looking
statements will actually occur. Other than in accordance with its
legal or regulatory obligations (including under the Market Abuse
Regulation, the UK Listing Rules and the Disclosure and
Transparency Rules of the Financial Conduct Authority), the Company
undertakes no obligation to update or revise any such
forward-looking statements, whether as a result of new information,
future events or otherwise.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
EXHIBIT INDEX</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
<td style="vertical-align: top; width: 10%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
<font style="text-decoration: underline">Exhibit
No.</font></font></div>
</td>
<td style="vertical-align: top; width: 90%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
<font style="text-decoration: underline">Description</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: middle; width: 10%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; <font style="font-family: Times New Roman; font-size: 13px">1</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 90%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
First Quarter 2025 Trading Update dated 25 April 2025, prepared by
WPP plc.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: right; margin-left: 96px; margin-right: 1px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 16px"><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #000000">25
April 2025</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: right; margin-left: 96px; margin-right: 72px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 16px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 16px">
First Quarter 2025 Trading Update</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: middle; width: 100%">
<div style="text-align: center; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #000050; font-family: Times New Roman; font-size: 13px">
Continued strategic progress despite challenging macro; FY guidance
reiterated</font></div>
</td>
</tr></table>
</div>
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 43%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
First Quarter</font> <font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
</td>
<td style="vertical-align: bottom; width: 15%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
&#xA0;&#xA3; million</font></div>
</td>
<td style="vertical-align: bottom; width: 21%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #262626">
&#xA0;+/(-) % reported</font><font style="font-size: 70%; vertical-align: top; color: #262626">1</font></font></div>
</td>
<td style="vertical-align: bottom; width: 21%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #262626">
&#xA0;+/(-) % LFL</font><font style="font-size: 70%; vertical-align: top; color: #262626">2</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-family: Times New Roman; font-size: 13px">Revenue</font>
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
</td>
<td style="vertical-align: bottom; width: 15%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-family: Times New Roman; font-size: 13px">3,243</font></div>
</td>
<td style="vertical-align: bottom; width: 21%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-family: Times New Roman; font-size: 13px">(5.0)</font></div>
</td>
<td style="vertical-align: bottom; width: 21%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-family: Times New Roman; font-size: 13px">(0.7)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 43%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-family: Times New Roman; font-size: 13px">Revenue
less pass-through costs</font> <font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
</td>
<td style="vertical-align: bottom; width: 15%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-family: Times New Roman; font-size: 13px">2,482</font></div>
</td>
<td style="vertical-align: bottom; width: 21%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-family: Times New Roman; font-size: 13px">(7.6)</font></div>
</td>
<td style="vertical-align: bottom; width: 21%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-family: Times New Roman; font-size: 13px">(2.7)</font></div>
</td>
</tr></table>
</div>
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="color: #000050; font-family: Times New Roman; font-size: 13px">
Q1 revenue of &#xA3;3,243m was down 5.0% YoY on a reported basis
and down 0.7% like-for-like (LFL), while revenue less pass-through
costs of &#xA3;2,482m was down 2.7% LFL. Performance in the quarter
is consistent with expectations and guidance given at the
preliminary results in February. While we note elevated macro
uncertainty in the near-term, we continue to expect 2025 LFL
revenue less pass-through costs of flat to -2% and around flat
headline operating profit margin (excluding the impact of
FX).</font></div>
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<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Mark Read, Chief Executive Officer of WPP, said:</font></div>
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<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
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<font style="color: #595959; font-style: italic; font-family: Times New Roman; font-size: 13px">
"We continue to make solid progress on our strategic priorities.
With the internal focus of integration behind them, VML and Burson
are seeing renewed momentum in new business with Generali, Heineken
and Levi Strauss &amp; Co important wins during the quarter. The
acquisition of InfoSum and its integration into GroupM's data offer
accelerates our AI-driven data approach, leapfrogging traditional
identity-based solutions. We are also on track with the continued
adoption of WPP Open across the organisation with 48,000 of our
people (c.60% of client-facing staff) using it in March vs. 33,000
in December.</font></div>
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&#xA0;</font></div>
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<font style="font-style: italic; color: #595959; font-family: Times New Roman; font-size: 13px">
"Our financial performance in Q1 was in line with our expectations,
reflecting macroeconomic challenges and the timing of new business,
and we expect these factors to continue in Q2 with performance
anticipated to improve in the second half.</font></div>
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&#xA0;</font></div>
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<font style="color: #595959; font-style: italic; font-family: Times New Roman; font-size: 13px">
"While WPP is not itself directly affected by tariffs, they will
impact a number of our clients as well as the broader economy. At
this point we have not seen any significant change in client
spending and we reiterate our full-year guidance which already
reflected a challenging environment. As ever, we remain agile and
vigilant and will continue to be disciplined on how we are managing
our cost base."</font></div>
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<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Conference Call at 9.30am UK/4.30am EDT:</font></div>
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Dial-in Details: UK +44 (0) 20 3936 2999; US +1 646 233 4753;
Passcode: 075053</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #595959; font-size: 13px">
Webcast: Live listen-only webcast and replay will be
available</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">here</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 70%; vertical-align: top; color: #595959">
1.</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">Percentage
change in reported sterling.</font><br></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 70%; vertical-align: top; color: #595959">
2.</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">Like-for-like.
LFL comparisons are calculated as follows: current year, constant
currency actual results (which include acquisitions from the
relevant date of completion) are compared with prior year, constant
currency actual results, adjusted to include the results of
acquisitions and disposals for the commensurate period in the prior
year.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; background-color: #FFFFFF; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 16px">
Q1 2025 performance</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #595959; font-size: 13px">&#x25CF; &#xA0;</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="font-weight: bold; color: #262626; font-size: 13px">Q1
revenue -</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">Q1
2025 revenue of &#xA3;3,243m was down 5.0%, a LFL decline of 0.7%.
Revenue less pass-through costs of &#xA3;2,482m was down 7.6%
reported and 2.7% LFL.</font></font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #330E74; font-size: 13px">&#x25CF; &#xA0;</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="font-weight: bold; color: #262626; font-size: 13px">Business
segment and regions -</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">Global
Integrated Agencies Q1 LFL revenue less pass-through costs was down
2.8%, with GroupM, our media business, down 0.9% while other Global
Integrated Agencies declined 4.4%. Public Relations saw Q1 LFL
revenue less pass-through costs down 6.6% while Specialist Agencies
grew 1.2%. By geography, North America was broadly flat at -0.1%,
while the UK was -5.5%, Western Continental Europe -4.5% and Rest
of World -3.8%, including growth of 5.5% in India offset by a
decline of -17.4% in China.&#xA0;</font></font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #595959; font-size: 13px">&#x25CF; &#xA0;</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="font-weight: bold; color: #262626; font-size: 13px">Clients
-</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">WPP's
top 25 clients saw growth of 2.5% in the quarter underpinned by a
robust performance in CPG, further improvement in Tech &amp;
Digital Services and stabilisation in Healthcare, while Retail,
Telecom and Travel &amp; Leisure saw
declines.<br></font></font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 16px">
Delivering on strategic priorities for 2025</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #262626; font-size: 13px">&#x25CF;&#xA0;
&#xA0;&#xA0;&#xA0;Staying at the forefront of AI via WPP Open
-</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">AI,
data and technology is increasingly central to the way we serve our
clients and was critical to new business wins in Q1 2025 including
Heineken's global commerce business. Annual investment is ramping
up to &#xA3;300m (from &#xA3;250m in 2024) and usage of WPP Open
continues to grow at pace with c.60% of our client-facing staff
using the platform in March.</font></font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x25CF;&#xA0; &#xA0;&#xA0;</font><font style="font-weight: bold; color: #262626">Improving the competitiveness
of GroupM -</font><font style="color: #000000">&#xA0;</font><font style="color: #595959">GroupM's
performance in the quarter reflects the impact of historical client
losses. Under the leadership of Brian Lesser the business is
building on and accelerating the simplification plan laid out in
January 2024. Operationally it is driving adoption of Open Media
Studio and, via the recent acquisition of InfoSum, is well advanced
on its plan to create the next generation of AI-enhanced data and
marketing solutions for clients, delivered through the industry's
most powerful and secure infrastructure. As we accelerate the
simplification of GroupM we would expect the phasing of this to
weigh on the Group's margin in the first half but be neutral across
the full year.</font></font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #330E74; font-size: 13px">&#x25CF;&#xA0;&#xA0;&#xA0;</font><font style="font-weight: bold; color: #262626; font-size: 13px">New
client assignments -</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">Wins
included: Electronic Arts and Godrej Consumer Products in media;
Generali, Heineken, Ionna and National Vision within
creative/commerce/design; Levis Strauss &amp; Co in PR; and
L'Or&#xE9;al's Influencer portfolio.</font></font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #262626; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #262626; font-size: 13px">&#x25CF;&#xA0;&#xA0;</font>
<font style="font-weight: bold; color: #262626; font-size: 13px">More efficient
operations -</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">Annualisation
of the structural cost savings and a continued focus on operational
efficiency and disciplined cost management are enabling continued
investment in WPP Open, AI and data. This includes the integration
of new AI tools into Open, a key factor driving day-to-day
productivity improvements for our people.</font></font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 16px">
Financial outlook for 2025</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #262626; font-size: 13px">&#x25CF; &#xA0;</font><font style="font-weight: bold; color: #262626; font-size: 13px">Reiterating
2025 guidance -</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">LFL
revenue less pass-through costs of flat to -2% with performance
improving in the second half. We still expect headline operating
profit margin for the full year to be around flat (excluding
FX).</font></font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 16px">
First quarter 2025 overview</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Revenue
in the first quarter was &#xA3;3.2bn, down 5.0% from &#xA3;3.4bn in
Q1 2024, and down 0.7% LFL. Revenue less pass-through costs was
&#xA3;2.5bn, down 7.6% from &#xA3;2.7bn in Q1 2024, and down 2.7%
LFL.</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 34%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
&#xA3; million</font></div>
<div style="text-align: justify; margin-left: 444px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 13%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Q1 2025</font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
%</font></div>
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
reported</font></div>
</td>
<td style="vertical-align: bottom; width: 13%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
%</font></div>
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
M&amp;A</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
%</font></div>
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
FX</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#xA0;+/(-) %</font></div>
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-weight: bold; font-family: Times New Roman; font-size: 13px">
LFL</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 34%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Revenue</font></div>
</td>
<td style="vertical-align: top; width: 13%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
3,243</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(5.0)</font></div>
</td>
<td style="vertical-align: top; width: 13%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(3.1)</font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(1.2)</font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
(0.7)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 34%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Revenue less pass-through costs</font></div>
</td>
<td style="vertical-align: top; width: 13%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
2,482</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(7.6)</font></div>
</td>
<td style="vertical-align: top; width: 13%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(3.7)</font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(1.2)</font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
(2.7)</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 16px">
Segmental review</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Business segments - revenue less pass-through costs</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 32%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
&#xA3; million</font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Q1 2025</font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Q1 2024</font></div>
</td>
<td style="vertical-align: bottom; width: 18%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#xA0;+/(-) %</font></div>
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-weight: bold; font-family: Times New Roman; font-size: 13px">
reported</font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#xA0;+/(-) % LFL</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 32%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Global
Integrated Agencies</font> <font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">2,119</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">2,202</font></div>
</td>
<td style="vertical-align: top; width: 18%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(3.8)</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(2.8)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 32%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Public
Relations</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">167</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">276</font></div>
</td>
<td style="vertical-align: top; width: 18%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(39.5)</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(6.6)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 32%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Specialist
Agencies</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">196</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">209</font></div>
</td>
<td style="vertical-align: top; width: 18%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(6.2)</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">1.2</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 32%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Total Group</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
2,482</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
2,687</font></div>
</td>
<td style="vertical-align: top; width: 18%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
(7.6)</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
(2.7)</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic; color: #262626; font-size: 13px">
Global Integrated Agencies:</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">GroupM,
our media planning and buying business, saw a LFL decline in
revenue less pass-through costs of 0.9% in Q1 (Q1 2024: +2.4%),
with growth in the US offset by the impact of client assignment
losses from prior years in the UK and Europe and continued weakness
in China.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Other
Global Integrated Agencies declined 4.4% LFL (Q1 2024: -3.3%),
impacted by continued pressure on project-based work, which weighed
particularly on AKQA in the quarter, as well as tough comparisons
at Ogilvy. Against this, Hogarth saw a return to high single-digit
growth supported by the continued rebound in spend by technology
clients.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic; color: #262626; font-size: 13px">
Public Relations:</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">Revenue
less pass-through costs were down 39.5% driven by the disposal of
FGS Global which completed in Q4 2024. On a LFL basis, Burson saw a
broadly similar trend to Q4 with revenue less pass-through costs
down in the mid to high single digits as the business continued to
face a challenging environment for client discretionary spending,
in particular in Europe. We are encouraged by improved new business
momentum in Q1, in particular in the US.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic; color: #262626">Specialist
Agencies:</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font><font style="color: #595959">CMI
Media Group, our specialist healthcare media planning and buying
agency, continued to grow strongly, building on double-digit growth
in 2024. Meanwhile, Landor, Design Bridge and Partners, and a
number of our smaller specialist agencies, while still affected by
delays in project-based spending, saw a more moderated rate of
decline. Overall Specialist Agencies saw growth of 1.2% (Q1 2024:
-7.6%).</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 444px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Regional segments - revenue less pass-through costs</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 31%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
&#xA3; million</font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Q1 2025</font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Q1 2024</font></div>
</td>
<td style="vertical-align: bottom; width: 18%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#xA0;+/(-) %</font></div>
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-weight: bold; font-family: Times New Roman; font-size: 13px">
reported</font></div>
</td>
<td style="vertical-align: bottom; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-weight: bold; font-family: Times New Roman; font-size: 13px">
+/(-) % LFL</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 31%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">N.
America</font> <font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">992</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">1,055</font></div>
</td>
<td style="vertical-align: top; width: 18%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(6.0)</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(0.1)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 31%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">United
Kingdom</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">368</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">383</font></div>
</td>
<td style="vertical-align: top; width: 18%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(3.9)</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(5.5)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 31%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">W
Cont. Europe</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">487</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">556</font></div>
</td>
<td style="vertical-align: top; width: 18%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(12.4)</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(4.5)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 31%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">AP,
LA, AME, CEE</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">635</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">693</font></div>
</td>
<td style="vertical-align: top; width: 18%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(8.4)</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(3.8)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 31%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Total Group</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
2,482</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
2,687</font></div>
</td>
<td style="vertical-align: top; width: 18%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
(7.6)</font></div>
</td>
<td style="vertical-align: top; width: 17%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
(2.7)</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #262626; font-size: 13px">North
America</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">saw
a slight sequential improvement, declining 0.1% in Q1 2025 relative
to Q4 2024 (-1.4%). Q1 continued to see pressure on project-based
work, in particular at AKQA, while the region benefited from better
spend in Tech &amp; Digital Services across media and production
and a more robust performance in Healthcare.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #595959; font-size: 13px">The</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="font-weight: bold; color: #262626; font-size: 13px">United
Kingdom</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">declined
5.5% against the toughest comparison of the year (Q1 2024: +0.3%)
with pressure on project-based spend, particularly in Healthcare
and Automotive, offsetting more robust trends in
CPG.</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="font-weight: bold; color: #262626; font-size: 13px">Western
Continental Europe</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">saw
a broad-based decline against the toughest comparison from 2024 (Q1
2024: +3.3%). Spain remains a relative outperformer, down slightly
against a strong double-digit comparison.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #262626; font-size: 13px">Rest of
World</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">declined
3.8%, driven primarily by Asia Pacific which declined 5.7%. Growth
in India of 5.5%, reflecting continued strong new business momentum
in particular at GroupM, was offset by a 17.4% decline in China,
which was impacted by client assignment losses and persistent
macroeconomic pressures. There were declines in Latin America
(-1.6%) and Middle East &amp; Africa (-1.9%). Central &amp; Eastern
Europe continued to grow (+2.0%).</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Top five markets - revenue less pass-through costs</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 26%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #262626; font-weight: bold; font-family: Times New Roman; font-size: 13px">
% LFL +/(-)</font></div>
</td>
<td style="vertical-align: top; width: 14%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
USA</font></div>
</td>
<td style="vertical-align: top; width: 14%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
UK</font></div>
</td>
<td style="vertical-align: top; width: 18%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Germany</font></div>
</td>
<td style="vertical-align: top; width: 14%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
China</font></div>
</td>
<td style="vertical-align: top; width: 14%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
India</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 26%">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Q1 2025</font></div>
</td>
<td style="vertical-align: top; width: 14%">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">0.0</font></div>
</td>
<td style="vertical-align: top; width: 14%">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(5.5)</font></div>
</td>
<td style="vertical-align: top; width: 18%">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(5.0)</font></div>
</td>
<td style="vertical-align: top; width: 14%">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(17.4)</font></div>
</td>
<td style="vertical-align: top; width: 14%">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">5.5</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Client sector - revenue less pass-through costs</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 53%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
Q1 2025</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #262626">% share, revenue less
pass-through costs</font><font style="font-size: 70%; vertical-align: top; color: #262626">3</font></font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #262626; font-weight: bold; font-family: Times New Roman; font-size: 13px">
+/(-) % LFL</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 53%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">CPG</font>
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">28.0</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">0.3</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 53%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Tech
&amp; Digital Services</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">17.7</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">4.5</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 53%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Healthcare
&amp; Pharma</font> <font style="font-family: Times New Roman; font-size: 13px"><br></font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">11.6</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">0.1</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 53%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Automotive</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">11.1</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">5.0</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 53%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Retail</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">8.7</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(2.9)</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 53%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Telecom,
Media &amp; Entertainment</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">6.5</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(4.8)</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 53%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Financial
Services</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">6.2</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">2.6</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 53%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Other</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">4.0</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(13.9)</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 53%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Travel
&amp; Leisure</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">3.5</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">(5.3)</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 53%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Government,
Public Sector &amp; Non-profit</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">2.7</font></div>
</td>
<td style="vertical-align: bottom; width: 23%; border-bottom: 1px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">13.0</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">&#xA0;
<font style="font-family: Times New Roman; font-size: 9.1px;"><br>
</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 15%; height: 1px; background-color: rgb(179, 179, 179);">
<!--line--></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 70%; vertical-align: top; color: #595959; background-color: #FFFFFF">
3.</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font><font style="color: #595959; background-color: #FFFFFF">Proportion
of WPP revenue less pass-through costs in</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font><font style="color: #595959">Q1
2025</font><font style="color: #595959; background-color: #FFFFFF">; table made up of
clients repr</font><font style="color: #595959">esenting 82% of WPP
total revenue less pass-through costs.</font></font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;"><br></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 16px">
Balance sheet highlights</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">
Average adjusted net debt (for the last 12 month rolling period) at
31&#xA0;March 2025 was &#xA3;3.4bn, compared to &#xA3;3.7bn at
31&#xA0;March 2024, and &#xA3;3.5bn at 31 December
2024.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">
Adjusted net debt at 31&#xA0;March 2025 was &#xA3;3.7bn, against
&#xA3;4.0bn as at 31&#xA0;March 2024.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">
In March, WPP repaid a &#x20AC;500m bond on maturity that had
previously been refinanced in 2024 through the issuance of two new
bonds.</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 16px">
Outlook</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">We
are reaffirming our guidance for 2025 as follows:</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: middle; width: 100%">
<div style="text-align: center; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="color: #000050; font-family: Times New Roman; font-size: 13px">
Like-for-like revenue less pass-through costs growth of flat to -2%
with performance expected to improve in the second
half<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="color: #000050; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="color: #000050; font-family: Times New Roman; font-size: 13px">
Headline operating margin expected to be around flat year-on-year
(excluding the impact of FX)</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">Other
2025 financial indications:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#x25CF;
&#xA0; &#xA0; Mergers and acquisitions will reduce revenue less
pass-through costs by around 3.0 points primarily due to the
disposal of FGS Global, partially offset by anticipated
M&amp;A</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#x25CF;&#xA0;&#xA0;&#xA0;&#xA0;
FX impact: current rates (at 22 April 2025) imply a c.2.0% drag on
FY 2025 revenue less pass-through costs, with c.20bps reduction
expected on FY 2025 headline operating margin</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#x25CF;&#xA0;&#xA0;&#xA0;&#xA0;
Headline earnings from associates around &#xA3;40m</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#x25CF;&#xA0;&#xA0;&#xA0;&#xA0;
Non-controlling interests around &#xA3;65m</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#x25CF;&#xA0;&#xA0;&#xA0;&#xA0;
Headline net finance costs of around &#xA3;280m</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#x25CF;&#xA0;&#xA0;&#xA0;&#xA0;
Effective tax rate (measured as headline tax as a % of headline
profit before tax) of around 29%. Cash taxes will include tax in
relation to the FGS Global disposal</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#x25CF;&#xA0;&#xA0;&#xA0;&#xA0;
Capex of around&#xA0; &#xA3;250m</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#x25CF;&#xA0;&#xA0;&#xA0;&#xA0;
Cash restructuring costs of around &#xA3;110m</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#x25CF;&#xA0;&#xA0;&#xA0;&#xA0;
Adjusted operating cash flow before working capital of around
&#xA3;1.4bn</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 16px">
Medium-term targets</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">In
January 2024, we presented our updated medium-term financial
framework including the following three targets:</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#x25CF;&#xA0;&#xA0;&#xA0;&#xA0;
3%+ LFL growth in revenue less pass-through costs</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#x25CF;&#xA0;&#xA0;&#xA0;&#xA0;
16-17% headline operating profit margin</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #595959">&#x25CF;&#xA0;&#xA0;&#xA0;&#xA0; Adjusted operating
cash flow conversion of 85%+</font><font style="font-size: 70%; vertical-align: top; color: #595959">4</font></font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-size: 70%; vertical-align: top; color: #595959; background-color: #FFFFFF; font-family: Times New Roman">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 9.1px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 15%; height: 1px; background-color: #b3b3b3">
<!--line--></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 70%; vertical-align: top; color: #595959; background-color: #FFFFFF">
4.</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font><font style="color: #595959; background-color: #FFFFFF">Adjusted
operating cash flow divided by headline operating
profit.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 16px">
Q1 2025 highlights</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">At
our January 2024 Capital Markets Day we set out four strategic
pillars. Below we highlight key developments from Q1 against these
areas of strategic focus.</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #595959">&#xA0;</font><font style="font-weight: bold; color: #262626">&#xA0;</font><font style="color: #595959">&#xA0;</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
1. Lead through AI, data and technology</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;&#xA0;
&#xA0;</font> <font style="font-weight: bold; color: #262626; font-size: 13px">Driving
investment and adoption of WPP Open -</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">At
the preliminary results in February 2025 we outlined our ambition
to drive further investment in WPP Open, taking the annual spend on
our AI-powered marketing operating system to &#xA3;300m in 2025
from &#xA3;250m in 2024. Key enhancements in the quarter include
the integration of Google's Veo2
to&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; enhance video generation
capabilities (see</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">link</font><font style="color: #595959; font-size: 13px">).</font></font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify"><font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Just as important as ramping investment is driving usage and we
have seen further progress in adoption with 48,000 of our people
(equivalent to c.60% of client-facing staff) using the platform
actively on a monthly basis, up from 33,000/c.40% in
December.</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #595959; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
WPP Open continues to see increased client adoption with Google,
IBM, L'Or&#xE9;al, LVMH, Nestl&#xE9; and The Coca-Cola Company
seeing benefits both in how we work and the effectiveness of their
investments. WPP Open has also been a critical factor in recent
account wins including Heineken during the course of the quarter
(see</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">link</font><font style="color: #595959; font-size: 13px">).</font></font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 1px; text-indent: 0px">
<font style="color: #330E74; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #330E74; font-size: 13px">&#x25CF; &#xA0;</font>
<font style="font-weight: bold; color: #262626; font-size: 13px">Supporting
GroupM's ID to AI approach via the acquisition of InfoSum
-</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">Although
it was announced just after the quarter end (see</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">link</font><font style="color: #595959; font-size: 13px">),
the acquisition of InfoSum marks a major strategic step forward for
GroupM's AI-driven data offer. At our preliminary results, GroupM's
new CEO Brian Lesser outlined his vision for data intelligence at
GroupM, helping WPP clients to maximise the value of their
first-party data with privacy-enhancing connections to third-party
data providers and media partners. The acquisition of InfoSum
embeds an AI-enabled, secure and privacy-enhancing data
collaboration platform within WPP Open, enabling data-driven
marketing and AI model training for WPP and its clients, and is a
critical milestone in our journey to leapfrog traditional
identity-led solutions.</font></font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">&#x25CF; &#xA0;</font>
<font style="font-weight: bold; color: #262626; font-size: 13px">Complementing
direct investment in AI with strategic partnerships
-</font><font style="color: #000000; font-size: 13px">&#xA0;</font><font style="color: #595959; font-size: 13px">In early March 2025, WPP
announced a strategic partnership with, and investment in,
Stability AI, a pioneer in generative AI and the developer of
Stable Diffusion, an industry-leader in image generation
(see</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">link</font><font style="color: #595959; font-size: 13px">).
The partnership will further enhance WPP's ability to deliver
cutting-edge, AI-driven content solutions to its clients across
various entertainment channels such as streaming platforms,
interactive experiences and immersive storytelling, and it
reinforces WPP's commitment to remaining at the forefront of
technological advancements in the creative
industries.</font></font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
2. Accelerate growth through the power of creative
transformation</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #330E74; font-family: Times New Roman; font-size: 13px">&#x25CF;
&#xA0;</font> <font style="font-weight: bold; color: #262626; font-size: 13px">WARC 100 Lists
confirm creative, media and effectiveness credentials
-</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">In
early March 2025 (see</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">link</font><font style="color: #595959; font-size: 13px">)
WPP was recognised as the most creative company on WARC's 2025
Creative 100 List, the third year in a row the company has received
this honour. Ogilvy and VML ranked first and second for most
creative agency networks. The following week
(see</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">link</font><font style="color: #595959; font-size: 13px">)
WARC recognised WPP as the top company in its Media 100 list for
the eighth consecutive year, with Mindshare and EssenceMediacom
ranking first and second respectively. The 'triple crown' was
achieved at the end of March 2025 (see</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">link</font><font style="color: #595959; font-size: 13px">)
with the announcement that WPP had also been named the number one
company in the WARC Effective 100, with Ogilvy appearing as the top
agency network for the third year.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #330E74; font-family: Times New Roman; font-size: 13px">&#x25CF;
&#xA0;</font> <font style="font-weight: bold; color: #262626; font-size: 13px">Strong showing
by WPP-supported brands at Super Bowl LIX -</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">At
this year's Super Bowl, WPP integrated creative agencies were
responsible for some of the most successful advertising spots shown
during coverage of the game, including
Unilever's</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">W</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">hen
Sally Met</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">Hell</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">mann</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">'</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">s</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">spot.
GroupM secured the media for 20 spots (up from 19 in 2024). Other
highlights included work for Angel Soft, Verizon and Dove
(see</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">link</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">for
more detail and videos).</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
3. Build world-class, market-leading brands</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">&#x25CF; &#xA0;</font> <font style="font-weight: bold; color: #262626; font-size: 13px">Driving a
simpler, more integrated offering at GroupM -</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">During
Q1 2025, Emily del Greco took the role of Global Chief Operating
Officer at GroupM, while Toby Jenner, formerly CEO of Wavemaker,
was appointed Global Chief Business Officer and Adam Gerhart,
formerly CEO of Mindshare, became Chief Client Officer. These
appointments, alongside an acceleration of the simplification
programme, are a key part of building a more client-centric
operating model, making GroupM a more unified company with one
voice to clients and partners while also maximising operational
efficiency.</font></font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #262626; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #262626; font-size: 13px">&#x25CF; &#xA0;</font>
<font style="font-weight: bold; color: #262626; font-size: 13px">Creation
of VML Enterprise Solutions highlights technology &amp;
transformation capabilities -</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">In
early April 2025 (see</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">link</font><font style="color: #595959; font-size: 13px">)
VML's technology transformation, commerce, customer experience and
consulting capabilities were brought together under the leadership
of Jeff Gehab as CEO of VML Enterprise Solutions. VML Enterprise
Solutions comprises 10,000+ experts across 40+ global offices
within the VML global network. Key clients include Ford, The
Coca-Cola Company, Google, IKEA, Sainsbury's, Sherwin-Williams,
T-Mobile and United Rentals.</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
4. Execute efficiently to drive financial returns through margin
and cash</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #262626; font-size: 13px">&#x25CF;&#xA0;
&#xA0;</font><font style="font-weight: bold; color: #262626; font-size: 13px">Enterprise-wide
AI integration for efficiency -</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">WPP
is implementing AI tools and capabilities to enhance employee
productivity, streamline business operations, and accelerate
overall business transformation. As part of this, in Q1 2025
Copilot and Copilot Studio were progressively rolled out across WPP
and new Microsoft AI tools integrated within the WPP Open user
experience.</font></font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="color: #262626; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #262626; font-size: 13px">&#x25CF;&#xA0;&#xA0;</font>
<font style="font-weight: bold; color: #262626; font-size: 13px">Scaling Global
Delivery Centres -</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">In
late Q4 2024, we announced the strategic scaling of WPP's Global
Delivery Centres (GDCs) in India (see</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">link</font><font style="color: #595959; font-size: 13px">).
The breadth of offering within WPP's GDCs - spanning media,
content, commerce, technology consulting, data and CRM - is unique
and offers both WPP, and our clients, a significant opportunity to
harness scale, standardise processes and leverage AI across
workflows. In Q1 2025 a new centre of excellence for VFX
workstreams was created.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Corporate governance, purpose and ESG</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #262626; font-size: 13px">&#x25CF;&#xA0;</font> <font style="font-weight: bold; color: #262626; font-size: 13px">Annual and
Sustainability Reports -</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">Our</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">2024</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">A</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">nnual</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">R</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">eport</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="color: #595959; font-size: 13px">was
published at the end of March 2025. The report provides a
comprehensive overview of WPP's financial results, strategic
progress and future growth initiatives while including important
updates on corporate governance and ESG. Additional context on ways
WPP is working to deliver against its purpose can be seen in
our</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">2024
Sustainability Report</font><font style="color: #000000; font-size: 13px">.</font></font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 1px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #262626; font-family: Times New Roman; font-size: 16px">
Cautionary statement regarding forward-looking
statements</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 1px; text-indent: 0px;">
<font style="color: #595959; font-family: Times New Roman; font-size: 13px">This
document contains statements that are, or may be deemed to be,
"forward-looking statements". Forward-looking statements give the
Company's current expectations or forecasts of future events. These
forward-looking statements may include, among other things, plans,
objectives, beliefs, intentions, strategies, projections and
anticipated future economic performance based on assumptions and
the like that are subject to risks and uncertainties. These
statements can be identified by the fact that they do not relate
strictly to historical or current facts. They use words such as
'aim', 'anticipate', 'believe', 'estimate', 'expect', 'forecast',
'guidance', 'intend', 'may', 'will', 'should', 'potential',
'possible', 'predict', 'project', 'plan', 'target', and other words
and similar references to future periods but are not the exclusive
means of identifying such statements. As such, all forward-looking
statements involve risk and uncertainty because they relate to
future events and circumstances that are beyond the control of the
Company. Actual results or outcomes may differ materially from
those discussed or implied in the forward-looking statements.
Therefore, you should not rely on such forward-looking statements,
which speak only as of the date they are made, as a prediction of
actual results or otherwise. Important factors which may cause
actual results to differ include but are not limited to: the
unanticipated loss of a material client or key personnel; delays,
suspensions or reductions in client advertising budgets; shifts in
industry rates of compensation; regulatory compliance costs or
litigation; changes in competitive factors in the industries in
which we operate and demand for our products and services; changes
in client advertising, marketing and corporate communications
requirements; our inability to realise the future anticipated
benefits of acquisitions; failure to realise our assumptions
regarding goodwill and indefinite lived intangible assets; natural
disasters or acts of terrorism; the Company's ability to attract
new clients; the economic and geopolitical impact of the conflicts
in Ukraine and the Middle East; the risk of global economic
downturn; slower growth, increasing interest rates and high and
sustained inflation; supply chain issues affecting the distribution
of our clients' products; technological changes and risks to the
security of IT and operational infrastructure, systems, data and
information resulting from increased threat of cyber and other
attacks; effectively managing the risks, challenges and
efficiencies presented by using Artificial Intelligence (AI) and
Generative AI technologies and partnerships in our business; risks
related to our environmental, social and governance goals and
initiatives, including impacts from regulators and other
stakeholders, and the impact of factors outside of our control on
such goals and initiatives; the Company's exposure to changes in
the values of other major currencies (because a substantial portion
of its revenues are derived and costs incurred outside of the UK);
and the overall level of economic activity in the Company's major
markets (which varies depending on, among other things, regional,
national and international political and economic conditions and
government regulations in the world's advertising markets). In
addition, you should consider the risks described in Item 3D,
captioned 'Risk Factors' in the Group's most recent Annual Report
on Form 20-F, which could also cause actual results to differ from
forward-looking information. Neither the Company, nor any of its
directors, officers or employees, provides any representation,
assurance or guarantee that the occurrence of any events
anticipated, expressed or implied in any forward-looking statements
will actually occur. Accordingly, no assurance can be given that
any particular expectation will be met and investors are cautioned
not to place undue reliance on the forward-looking statements.
Other than in accordance with its legal or regulatory obligations
(including under the Market Abuse Regulation, the UK Listing Rules
and the Disclosure and Transparency Rules of the Financial Conduct
Authority), the Company undertakes no obligation to update or
revise any such forward-looking statements, whether as a result of
new information, future events or otherwise. Any forward-looking
statements made by or on behalf of the Group speak only as of the
date they are made and are based upon the knowledge and information
available to the Directors at the time.</font></div>
<div style="text-align: justify; margin-left: 468px; margin-right: 0px; text-indent: 0px;">&#xA0;
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SIGNATURES</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
&#xA0;<font style="font-family: Times New Roman; font-size: 13px">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></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">
WPP PLC</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(Registrant)</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Date:
25 April 2025</font></div>
</td>
<td style="vertical-align: top; width: 51%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By:
&#xA0;______________________</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Balbir
Kelly-Bisla</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Company
Secretary</font></div>
</td>
</tr></table>
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