Declaration on the prevention of slavery and Human Exploitation

Introduction:

This statement summarises the measures taken by the brands of the SCANDIC Group to comply with the requirements of the Modern Slavery Act 2015, from:

Overarching goal:

SCANDIC FINANCE GROUP LIMITED is committed to best corporate practices and ethical values. We act with integrity and ethics in all business relationships and processes, in line with our corporate values and guidelines. We also take all reasonable measures to ensure that members of our supply chains also comply with these standards. This includes, in particular, the prevention of modern slavery and human trafficking.

Our employees are expected to report any concerns regarding non-compliance with our values and policies through established reporting channels. The management and board of SCANDIC FINANCE GROUP LIMITED are committed to responding promptly to all reported concerns.

Business and organisational structure:

SCANDIC FINANCE GROUP LIMITED is a global conglomerate offering a wide range of services, including:

Our supply chain:

The suppliers of SCANDIC FINANCE GROUP LIMITED consist mainly of our own brands and global professional service providers. These service providers are usually large companies with their own supply chain policies and ethical standards. Due to the nature of our services, our main locations and the suppliers we use, we assess the risk of modern slavery in our supply chain as low and monitor this continuously.

Guidelines:

We reinforce our guidelines on ethical business practices through regular comprehensive training for new and existing employees.

Our business ethics policy stipulates that we only work with suppliers who meet high standards of social and ethical responsibility. When entering into new business relationships or expanding into new areas of business, we carry out appropriate due diligence to ensure that the same standards are maintained throughout the group. We always make every effort to obtain verifiable assurance from all suppliers that they comply with our standards. In addition, we take into account the health and safety of all stakeholders and the public in all our activities.

Our employees are encouraged to report concerns, warning signs, losses and near misses immediately and confidentially within a clearly defined risk management framework. We describe this in our annual report and financial statements.

Overall risk register:

An overall risk register and any concerns raised by employees are regularly reviewed by the management team and board of SCANDIC FINANCE GROUP LIMITED. Issues in the supply chain, including those related to modern slavery and human trafficking, are addressed within this framework and resolved without delay.

Recruitment:

As a global group, we recruit employees in many countries, including the United Kingdom (Great Britain and Northern Ireland), Australia, Latin America, North America, Europe, the United States of America, GCC / Middle East and Asia. During recruitment, we carry out thorough checks, including verification of the right to work, to ensure that our employees work for us voluntarily and are not affected by modern slavery or human trafficking.

Minimum wage obligation and victimisation:

We pay all employees at least the statutory minimum wage for their location and review this regularly. Our diversity and inclusion policy prohibits any form of discrimination or victimisation. All employees are paid by bank transfer, and we do not allow payments to third parties. We require all recruitment agencies we work with to have policies against modern slavery and human trafficking or to commit to preventing such practices.

Process improvement:

We will continuously improve our due diligence, KYC and AML processes and increase training and awareness measures for all employees.

Legal compliance:

As a global company, SCANDIC FINANCE GROUP LIMITED is subject to various national and international laws combating modern slavery and human trafficking. In the United Kingdom of Great Britain and Northern Ireland, we comply with the requirements of the Modern Slavery Act 2015 by publishing an annual statement setting out our measures to prevent slavery and human trafficking in our supply chain. In the Federal Republic of Germany, we comply with the Supply Chain Due Diligence Act (LkSG) - in the European Union - and the Corporate Sustainability Due Diligence Directive, which require us to implement due diligence measures in our supply chain and report on our efforts. We strive to comply with all relevant laws and regulations in the countries in which we operate.

Approved by the company:

This statement has been made in accordance with section 54(1) of the Modern Slavery Act 2015 and approved by the Board of Directors of SCANDIC FINANCE GROUP LIMITED. It will be updated annually in accordance with the reporting requirements of the Act.