British Steel Limited

S J Woodward, R H Kelly and A M Hudson were appointed Special Managers of British Steel Limited by the High Court to help manage the affairs, business and property of British Steel Limited, without personal liability. The Special Managers, their firm, partners, employees, advisers, representatives and agents and the Official Receiver as liquidator shall incur no personal liability under, or by virtue of, this letter or email, nor in relation to any related matter or claim howsoever, whenever, and wherever arising, and whether such claim is formulated in contract and/or tort or by reference to any other remedy or right, and in whatever jurisdiction or forum. No liability (whether based in tort or contract or statute or otherwise) including, without limitation, any liability in connection with non-performance or breach or termination (whether by repudiation, disclaimer or otherwise), or any penalty or liability for liquidated damages, arising from actions or inactions of either the Official Receiver as liquidator or the Special Managers shall give rise to any liquidation expenses unless expressly accepted in writing. S J Woodward is licensed in the United Kingdom to act as an Insolvency Practitioner by The Institute of Chartered Accountants in England and Wales, R H Kelly is licensed in the United Kingdom to act as an Insolvency Practitioner by The Institute of Chartered Accountants of Scotland and A M Hudson is licensed in the United Kingdom to act as an Insolvency Practitioner by The Association of Chartered Certified Accountants. The Special Managers may act as data controllers of personal data as defined by the General Data Protection Regulation 2016/679, depending upon the specific processing activities undertaken. Ernst & Young LLP and/or the Company may act as a data processor on the instructions of the Special Managers. Personal data will be kept secure and processed only for matters relating to the Special Managers appointment. The Office Holder Data Privacy Notice can be found at www.ey.com/uk/officeholderprivacy