STRATEGIC REPORT SECTION 172 STATEMENT S TR A Key decisions and TE G I C R stakeholder engagement E P O R KEY STAKEHOLDERS T 1 2 3 4 5 Customers and enthusiasts  Dealer network  Our people  Investors  Suppliers and other partnerships  G O 6 Government and regulators  7 Local communities and Non-Governmental Organisations  VE R The Board is pleased to provide a statement that supports Section 172 of NAN the Companies Act 2006. This requires that Directors promote the success Investment by Geely C of the Company for the benefit of the members as a whole, taking into Section 172 matters A, C, E, F E account the interests of the Company’s stakeholders in its decision- making. A description of the Company’s key stakeholders, what matters to Stakeholders considered 4 5   F them and how the Group, including the Board engages with them is set I out on pages 24-27. Some of the key decisions that the Board made during NAN PRINCIPAL DECISION the year and how it took the interests of stakeholders into account in C making those decisions are set out on the following pages. The Board approved the issue of 28 million new ordinary shares at IAL 335 pence per share equating to £95m in cash. The Board further S approved the Company entering into a new Relationship Agreement T The Board recognises that there will sometimes be competing priorities A with Geely giving it the right to appoint a Shareholder T and interests between the stakeholder groups but aims to assess and E Representative Non-executive Director to the Board. M balance those interests to make decisions which are conducive to the long- E N term success of the business, in line with the Company’s reputation for high T standards of business conduct and the Company’s values. CONSIDERING OUR STAKEHOLDERS S Investors: Whilst the issue of shares to Geely was dilutive to our shareholders, the Board considered the transaction to be in the best F Further information on how Section 172(1) has been applied by U interests of shareholders as a whole for creation of long-term value. R the Directors can be found throughout the Report T H E Suppliers and partnerships: The relationship with Geely provides the R SECTION 172 MATTERS Company with the opportunity to better understand the strategic INF A. The likely consequences of any decision in the long term growth market that China represents, as well as the opportunity to OR Our strategy 32 access Geely’s range of technologies and components. M A Business model 30 T I B. The interests of the Company’s employees OUTCOME ON Geely’s stake increased from 7% to 16%. Our strategy 32 Investing in people and opportunity 50 A Relationship Agreement is in place between the Company and C. The need to foster the Company’s business relationships Geely with a Geely Shareholder Representative Non-executive with suppliers, customers and others Director being an important part of the strategic relationship . Our strategy 32 The Company’s relationship with Geely provides better access to Exporting success 54 understanding the growth market of China. D. T he impact of the Company’s operations on the community The relationship provides the potential for future use of Geely’s and the environment products. Tackling climate change 44 Creating a better environment 48 E. The desirability of the Company maintaining a reputation for high standards of business conduct Leadership and governance 82 This transaction enables the creation of Risk management 64 a long-term partnership with Geely and Delivering the highest standards 56 the exploration of joint technology F. The need to act fairly as between members of the Company synergies and new growth Investor engagement 90 opportunities” Leadership and governance 82 ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 28