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Brunswick Rail aims to ensure compliance with US and EU Ukraine-related Economic Sanctions ("Sanctions") not simply because we are required to but because it is the right thing to do for our group and for our investors.

We monitor the situation and do our best to minimize risks associated with Sanctions to Brunswick Rail group business.

In light of this we have been advised by our external legal advisors on the compliance program to be implemented in relation to Brunswick Rail group companies. On the basis of the advice we have prepared the Brunswick Rail Sanctions Policy (the “Policy”) which has been duly adopted and is strictly observed by all our employees.

The Policy sets out the principles and measures we follow to ensure compliance with Sanctions. The Policy provides our employees with guidance about the meaning of Sanctions and how to comply with them. It also outlines the key roles and responsibilities in relation to Sanctions.