Approach to integrated reporting

This is RMI Holdings’ first integrated annual report. Currently very little guidance is available on what integrated reporting entails, especially given the focused and specialised nature of RMI Holdings’ business model as an investment holding company. We accept that our approach will evolve as the investor community moves towards the formalisation of a framework for integrated reporting.

RMI Holdings does not believe integrated reporting had a significant influence on how the business was run, but it leads to a more cohesive approach to reporting by connecting the information provided in the financial statements, corporate governance report, sustainability report and other management commentary.

We are mindful of the fact that significant elements of the disclosure have already been made by our subsidiary and associate companies, and rather than replicating the i nformation we have chosen to refer stakeholders to the annual reports of the companies in which we are invested.

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