INVESTEC ASSET FINANCE PLC

Policies described

Freedom of workers to terminate employment Freedom of movement Freedom of association Prohibits any threat of violence, harassment and intimidation Prohibits the use of worker-paid recruitment fees Prohibits compulsory overtime Prohibits child labour Prohibits discrimination Prohibits confiscation of workers' original identification documents Provides access to remedy, compensation and justice for victims of modern slavery

Training described

Your whole organisation Your front line staff Human resources Executive-level staff Procurement staff

Worker engagement and working conditions

Your suppliers Civil society organisations Professional auditors Workers within your organisation Workers within your supply chain Businesses in your industry or sector

Social audits

Audit conducted by your staff Third party audit arranged by your organisation

Grievance mechanisms

Using anonymous whistleblowing services, such as a helpline or mobile phone app Through trade unions or other worker representative groups

Other monitoring

Modern slavery indicators were incorporated into internal site visits and operational checks, supported by supplier due diligence, grievance mechanisms and collaboration with Unseen UK.

Demonstrated progress

Progress is measured through training feedback and continuous improvement. During 2025/26, feedback informed enhancements to training, guidance and remediation planning. Future objectives include strengthening transparency, accountability and risk monitoring, while continuing to engage external experts and embed best practice across our operations, supply chains and value chain.

Reported risks and mitigations

• Risk: Third-party services such as cleaning, catering, security, construction/fit-out services and temporary staffing.
• Area: Within your supply chains
• Tier: Tier 1 suppliers
• Group: Migrants
• Location: United Kingdom
• Mitigation: While this remains a low-risk area, migrant, contract, temporary and outsourced workers may face higher exploitation risks. During 2025/26, we embedded modern slavery indicators into site visits and operational checks, continued supplier due diligence and reassessments, delivered targeted training, and worked with Unseen UK to strengthen risk monitoring.
• Risk: Operations connected to geographies with weak labour protections or high migrant labour dependency.
• Tier: Tier 2 suppliers
• Group: Other vulnerable groups
• Location: India
• Mitigation: Our business units manage modern slavery risks with oversight from our Risk function. During 2025/26, we continued supplier due diligence and reassessment processes, incorporated modern slavery indicators into operational monitoring and site visits, delivered targeted training, and worked with Unseen UK to strengthen risk identification and oversight of higher-risk suppliers and outsourced services.
• Risk: Our portfolio - Outsourced service providers and supply chains where labour conditions are less visible to Investec.
• Tier: Tier 2 suppliers Tier 3 suppliers and below
• Mitigation: Investec's risk and governance framework supports the identification and management of human rights and modern slavery risks across our operations, supply chains and investment activities. During 2025/26, we continued supplier due diligence and reassessment processes, strengthened monitoring through operational checks, delivered targeted training, and established a Modern Slavery Working Group to support ongoing oversight and continuous improvement.