By attending the TDR Capital Investor Conference 2026 and/or accepting or viewing this confidential presentation, all confidential information disclosed during the Event and any related materials including the videos shown as part of the presentation (collectively, the “Presentation”) you agree to be bound by the following limitations. The Presentation is being provided on a confidential basis to the investors in various investment funds managed by TDR Capital LLP (together with its affiliates, “TDR”) including TDR Capital II, TDR Capital III, TDR Capital IV, TDR Capital V, TDR Capital Special Opportunities Fund I and their related vehicles. The Presentation has been prepared solely for the purpose of updating investors in the relevant funds with the current status of the portfolio companies in their respective funds. The Presentation may not be relied on in any manner as legal, tax, investment, accounting or other advice or as an offer to sell or a solicitation of an offer to buy limited partnership interests in any investment vehicle which is currently or may in the future be sponsored by TDR or any of its affiliates (each a “TDR Fund”).

THE INFORMATION CONTAINED IN THE PRESENTATION MUST BE KEPT STRICTLY CONFIDENTIAL AND MAY NOT BE COPIED, REPRODUCED (IN WHOLE OR IN PART) OR REDISTRIBUTED IN ANY FORMAT WITHOUT THE EXPRESS WRITTEN APPROVAL OF TDR. The confidentiality provisions of the relevant limited partnership agreement which constitute the fund in which investors have invested apply to the Presentation and you acknowledge that the disclosure of any confidential information would result in competitive disadvantage and cause irreparable harm to TDR, the TDR Funds, and to third parties. The matters referred to in the Presentation may (in whole or in part) constitute inside information for the purposes of the UK Criminal Justice Act 1993 or the market abuse regime under Part VIII of the UK Financial Services and Markets Act 2000 (or equivalent legislation) (the “Acts”) in respect of the relevant portfolio company. By accepting delivery of the Presentation investors acknowledge that they may be restricted from dealing in (or encouraging any other person to deal in) the shares (or futures, options or contracts for difference referenced to the shares) or securities (such as high yield bonds) of any company referred to herein, or base any behaviour on such information until such information has ceased to be inside information for the purpose of those Acts.

Portfolio company presentations are provided for information purposes only. The Presentation contains investment performance targets and projections. Any reference to targeted or expected returns or future earnings contained in the Presentation is merely an estimated “target” for illustrative purposes only and, therefore, inherently subject to a variety of assumptions, risks and uncertainties that could cause actual results to differ materially from those targeted. There can be no assurance that these assumptions will prove to be correct.

Any projected or targeted returns are provided on a gross basis before deductions for general partner’s share, management fees, carried interest, expenses or taxes all of which will reduce net returns to investors. There can be no assurance that unrealised investments will be realised at the estimates shown or earnings targets achieved. Nothing herein is predictive of the future performance of any portfolio company or any TDR Fund. There can be no guarantee that unrealised investments will be realised at certain valuations in the future. Past performance and targeted returns are not projections, predictions or guarantees of, and are not a reliable indicator of, future performance and there can be no assurance that any targeted returns will be achieved.

The information contained herein has not been audited or verified by an independent party. Neither TDR or any of its respective members, directors, officers, employees, partners, shareholders, advisers or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein.