UK Tax Strategy

Kent is a global leader in integrated energy services. The Group designs, builds and maintains the assets that power the world today and make it future-ready for tomorrow. With over 13,000 people and more than 100 years of heritage in the energy sector, the Group supports its customers from consulting and concept development through detailed engineering, project delivery, commissioning, start-up, maintenance and ultimately decommissioning. The Group operates across the full energy mix, from traditional oil and gas to low-carbon solutions and renewables, helping clients deliver the energy the world needs in a safer, more sustainable and in the most responsible way ever imagined.

Tax Objectives

The Kent Group is dedicated to maintaining high standards of corporate governance, transparency and responsibility. This commitment supports full compliance with all statutory obligations and full disclosure to relevant tax authorities. The Group’s tax affairs are managed in a way which considers the group’s wider corporate reputation in line with Kent Group’s overall high standards of governance.

Scope

This strategy applies to Kent Global plc and to the group of companies headed by Kent Group plc for the year 2025 in accordance with paragraph 19 of Schedule 19 to the Finance Act 2016 (‘FA 2016’). A list of the entities to which it applies is set out below as Annexure A. In this strategy, references to ‘the Kent Group’ or ‘the Group’ are to all these entities.

The ultimate responsibility for this Tax Strategy rests with the Board of Kent Global plc. The strategy has been approved by the Board of Directors of Kent Global plc on December 20th, 2025, and will be reviewed and updated on an annual basis. The Kent Group regards this publication as complying with its duty under paragraph 19(2) Schedule 19 FA 2016.

This strategy applies from the date of publication until it is superseded. References to ‘UK Taxation’ are to the taxes and duties set out in paragraph 15(1) of the Schedule which include Income Tax, Corporation Tax, PAYE, NIC, VAT, Insurance Premium Tax, and Stamp Duty Land Tax. References to ‘tax’, ‘taxes’ or ‘taxation’ are to UK taxation and to all corresponding worldwide taxes and similar duties in respect of which the Group has legal responsibilities.

Governance in relation to UK taxation

Ultimate responsibility for the Kent Group’s tax strategy and compliance rests with the Kent Group’s Senior Executive’s team.
Executive management of the group is delegated by the Senior Executive team to the Finance Director.
The Finance Director together with the assistance of the Senior Vice President of Tax and Treasury are responsible for tax matters.
Day-to-day management of Kent Group’s UK tax affairs is delegated to the Finance Director who is supported by the Finance team.
The Finance team are staffed with appropriately qualified individuals.
The Finance Director ensures that the Kent Group’s tax strategy is one of the factors considered in all investments and significant business decisions taken.

Risk Management

Kent Group operates a system of tax risk assessment and controls as a component of the overall internal control framework applicable to the group’s financial reporting system.
The Group seeks to reduce the level of tax risk arising from its operations as far as is reasonably practicable by ensuring that reasonable care is applied in relation to all processes which could materially affect its compliance with its tax obligations.
Processes relating to different taxes are allocated to appropriate process owners, who carry out a review of activities and processes to identify key risks and mitigating controls in place. These key risks are monitored for business and legislative changes which may impact them and changes to processes or controls are made when required.
Appropriate training is carried out for the Finance team who manage, or process matters which have tax implications and advice is sought from external advisers where appropriate.

Attitude towards tax planning and level of risk

The Group manages risks to ensure compliance with legal requirements in a manner which ensures payment of the right amount of tax.

When entering into commercial transactions, Kent Group seeks to take advantage of available tax incentives, reliefs and exemptions in line with, and in the spirit of, tax legislation. The Group does not undertake tax planning unrelated to such commercial transactions.

The level of risk which Kent Group accepts in relation to UK taxation is consistent with its overall objective of achieving certainty in the group’s tax affairs. At all times Kent Group seeks to comply fully with its regulatory and other obligations and to act in a way which upholds its reputation as a responsible corporate citizen. In relation to any specific issue or transaction, the Senior Executive team and the Senior Vice President of Tax and Treasury are ultimately responsible for identifying the risks, including tax risks, which need to be addressed and for determining what actions should be taken to manage those risks, having regard to the materiality of the amounts and obligations in question.

Relationship with HMRC

Kent Group engages with HMRC in a collaborative, transparent, and proactive manner, always interacting professionally, courteously, and promptly.

The Group ensures that HMRC is kept aware of significant transactions and changes in the business and seeks to discuss any tax issues arising at an early stage. When submitting tax computations and returns to HMRC, the Group discloses all relevant facts and identifies any transactions or issues where it considers that there is potential for the tax treatment to be uncertain.

Any inadvertent errors in submissions made to HMRC are fully disclosed as soon as reasonably practicable after they are identified.

Annexure A - List of entities covered by this Tax Strategy for the year 2025