This document, approved by the Board of Cathexis UK Holdings II Ltd, sets out the Cathexis UK Holdings II Ltd. policy and approach to conducting its tax affairs and dealing with tax risk, and is made available to all Cathexis UK Holdings II Ltd. stakeholders. The document will be periodically reviewed by the Group Tax team, and any amendments will be approved by the Board of Directors. It is effective for the year ending 31 December 2023, and will remain in effect until any amendments are approved by the Cathexis UK Holdings II Ltd. Board of Directors.

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The Group is committed to complying with all applicable tax laws and has a tax strategy that is transparent, aligned with business objectives and acceptable to tax authorities in the jurisdictions it operates in.

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The Board of directors assess tax risks as part of the Group’s overall governance framework and take a conservative approach to tax risk. They ensure tax decisions take into account the reputation and integrity of the Group.

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Tax matters are managed by a central tax team and this team is supported by external tax advisors (as required). The Group has also appointed a Senior Accounting Officer as required under UK tax law.

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The Group claims all available tax deductions, allowances and credits where such regimes are available, and it is beneficial to make such claims.

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The Group adheres to all tax compliance and disclosure requirements in addition to engaging with tax authorities in an open and constructive manner.

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The Group reasonably believes that transactions are structured to give a tax result which is not inconsistent with the economic consequences (unless specific legislation anticipates that result), nor contrary to the intentions of Parliament, and interprets the relevant laws in a reasonable way.