The purpose of this Tax Policy document is to create clarity on the tax objectives of the Lely Group and on the approach the Lely Group takes to achieve those tax objectives. As such, this Tax Policy describes the tax objectives and guiding principles, the tax strategy, how tax is organized, the roles and responsibilities, and the framework within which tax is managed within the Group. Furthermore, this document fulfills the provisions as set out in the UK Finance Act 2016 – Schedule 19, requiring Lely group to publish its UK tax strategy (applicable to the UK group companies of Lely group – Lely Atlantic Ltd and Lely Center Midlands Ltd) as from financial years 2024 onwards.