TAX STRATEGY OF BLME HOLDINGS LIMITED GROUP (for financial year to 31 December 2021)

STRATEGY AND TAX PLANNING:

• We are committed to acting with integrity and transparency in all tax matters.
• Our tax strategy and policies require that we fully comply with the letter and spirit of UK tax law.
• We make timely and accurate tax returns that reflect our fiscal obligations to Governments
• To help us deliver on the above we have engaged appropriate professional advisors.

TAX PLANNING AND TAX RISK

As an organisation our structure and our tax affairs are not especially complex.

The main tax risks we have identified are:

• failing to complete returns in a timely manner
• failing to produce accurate computations in areas such as transfer pricing and VAT
• failing to correctly interpret changing tax law

The above risks are managed by engaging appropriate professional advisers.

We do not promote tax avoidance or aggressive tax planning to customers or other third parties. In addition we do not offer or promote any beneficial tax products.

OUR RELATIONSHIP WITH HMRC:

• An important part of our tax strategy and policies is the maintenance and development of strong working relationship with HMRC. In this regard, we are transparent with HMRC and work with them proactively to determine the amount of tax due. Any inadvertent errors in submissions made to

HMRC are fully disclosed as soon as reasonably practicable after they are identified.

TAX DISCLOSURE:

• We understand the value of our financial reporting to customers, investors and other stakeholders. We work to provide transparent and balanced disclosure in communicating our tax affairs.

GOVERNANCE:

• Tax is an integral part of our Finance function and the responsibilities for tax matters are clearly defined.
• Oversight of tax matters is provided by our Board Audit Committee.