Invexans Limited Annual Tax Strategy

In accordance with the requirements of paragraph 19 of Schedule 19 to the Finance Act 2016 (the “Act”), Invexans Limited (the “Company”) presents the Tax Strategy for the Company and its UK-incorporated subsidiaries (“UK Group”) for the year ended 31 December 2024. This Tax Strategy applies in relation to “UK taxation” (as defined in paragraph 15 of Schedule 19 to the Act) and has been approved by the Board of Directors of the Company (the “Board”). The policy will be reviewed at least annually.

Approach to risk management and governance arrangements in relation to UK taxation

Each member of the UK Group seeks to comply with all of its tax obligations, and to ensure that its affairs are conducted in a way which is consistent with a low tax risk approach to conducting its business.

The companies in the UK Group primarily act as holding companies for a small number of investments in non-UK entities (which do not, therefore, themselves form part of the UK Group). The UK Group companies do not carry on any trading or other activity and, on that basis, the UK Group’s operations and tax affairs are relatively straightforward.

All significant tax decisions are taken by the Board of Directors. The UK Group does not seek to structure transactions in ways that give tax results inconsistent with their underlying economic consequences. Where the tax treatment of any material transaction is uncertain, external tax advice will be sought before proceeding with the transaction.

Attitude towards tax planning (so far as affecting UK taxation)

When structuring its operations, the UK Group considers – among different factors – the tax laws that are applicable. In the pursuit of maximizing sustainable shareholders’ value, the UK Group may seek to benefit from of available tax incentives, reliefs and exemptions in line with the spirit as well as the letter of the tax law.

However, the UK Group always seeks to structure its operations in a manner consistent with their economic substance. The UK Group does not enter into any artificial tax planning arrangements.

Level of risk in relation to UK taxation that the company is prepared to accept

The UK Group seek to identify, analyse, manage, and monitor tax related risks in a way that is consistent with its low risk appetite and its overall objective of achieving certainty in its tax affairs and compliance with its regulatory and other obligations.

Approach towards dealings with HMRC

Due to the nature of its activities (as described further above), the UK Group does not currently have regular interactions with HMRC. However, any such interactions, should they take place, would be conducted in a transparent, constructive and collaborative manner.

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