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In this Annual Report, we have shared information and made

forward looking statements to enable investors to know our

product portfolio, business logic and direction and

comprehend our prospects. This report and other statements

— written and oral — that we periodically make are based on

our assumptions. We have tried wherever possible to identify

such statements by using words such as ‘anticipate’, ‘believe’,

‘estimate’, ‘expect’, ‘intend’, ‘plan’, ‘project’ and words of

similar substance in connection with any discussion of future

performance. We cannot guarantee that these forward

looking statements will be realised, although we believe that

we have been prudent in our assumptions. The achievement

of results is subject to risks, uncertainties and even inaccurate

assumptions. If known or unknown risks or uncertainties

materialise or if underlying assumptions prove inaccurate,

actual results can vary materially from those anticipated,

estimated or projected. Readers may bear this in mind. We

undertake no obligation to publicly update any forward

looking statements, whether as a result of new information,

future events or otherwise.

Forward looking statements

Contents

Corporate Identity

02

Purpose and Values

04

Overview by the Chairman

06

Financial charts

08

Serving diverse Industries

10

Safety, Health & Environment

14

Corporate sustainability

16

Management Discussion and Analysis

18

Financial analysis

24

Directors’ Report

28

Report on Corporate Governance

31

Notice

42

Ten year review

47

Report of the Auditors to the Members

48

Financials

52