RESULTS FOR YEAR ENDED 31 DECEMBER 2015

This presentation may contain ‘forward-looking statements’ with respect to certain of the Group’s plans and its current goals and expectations relating to its future financial performance condition, performance, results, strategic initiatives and objectives. Generally, words such as “may”, “could”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “aim”, “outlook”, “believe”, “plan”, “seek”, “continue” or similar expressions identify ‘forward-looking statements.

These forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond the Group’s control, including amongst other things, UK domestic and global economic business conditions, market-related risks such as fluctuation in interest rates, the policies and actions of regulatory authorities, the impact of competition, inflation, deflation, the timing impact and other uncertainties of future acquisitions or combinations within relevant industries, as well as the impact of tax and other legislation or regulations in the jurisdictions in which the Group operates.

As a result, the Group’s actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in the Group’s forward looking statements.

Forward-looking statements in this presentation are currently only as of the date on which such statements are made. The Group undertakes no obligation to update any forward-looking statements, save in respect of any requirement under applicable law or regulation. Nothing in the presentation should be construed as a profit forecast.

2

DISCLAIMER

WELCOME KEVIN BEESTON

KEY HIGHLIGHTS GUY WAKELEY

FINANCIAL RESULTS JOHN STIER

OPERATIONAL & STRATEGIC REVIEW GUY WAKELEY

SUMMARY & OUTLOOK GUY WAKELEY

3

AGENDA

STRATEGY GUY WAKELEY

KEY HIGHLIGHTS

4

2015 KEY HIGHLIGHTS – A YEAR OF DELIVERY

+26%REVENUE £369m

+23%EBITDA £86.2m

ORGANIC GROWTH 7%

LEVERAGE 2.8x

Selftrade & TPS acquisitions integrated Pipeline for new business strong

5

6

STRATEGY

6

7

GROW SALES TO EXISTING

CLIENTS

WIN NEW B2B CLIENTS

DEVELOP AND ACQUIRE NEW CAPABILITIES

OPERATING LEVERAGE

REINVEST STRONG

CASH FLOWS

5% ORGANIC GROWTH 2% ACQUISITIVE GROWTH

25 BPS PER ANNUM

C.5% REVENUE REINVESTED IN

CAPEX

REGULATED SERVICES FOR UK BASED FTSE 350 AND GOVERNMENT

1

DELIVERING THE GROUP STRATEGY

2 3 4 5

FINANCIAL RESULTS

8

9

Reported2015

Reported2014

ReportedChange %

Organic Change %

REVENUE (£m)Investment SolutionsIntelligent SolutionsPension SolutionsInterest Income

118.398.9

142.59.3

94.989.6

101.36.5

24.710.440.743.1

9.81.38.0

Equiniti Group 369.0 292.3 26.2 6.8

EBITDA prior to exceptional items (£m)Investment SolutionsIntelligent SolutionsPension SolutionsInterest IncomeCentral Costs

35.522.726.8

9.3(8.1)

29.316.321.7

6.5(3.8)

21.239.323.543.1

113.2

Equiniti Group 86.2 70.0 23.1

EBITDA margin prior to exceptional items (%)Investment SolutionsIntelligent SolutionsPension Solutions

30.023.018.8

30.918.221.4

(0.9)pt4.8pt

(2.6)pt

Equiniti Group 23.4 23.9 (0.5)pt

DELIVERING ON OUR FINANCIAL COMMITMENTS

See slide 17 for detail of exceptional items

10

Reported2015

Reported2014

ReportedChange %

Organic Change %

Revenue (£m) 118.3 94.9 24.7 9.8

EBITDA prior to exceptional items (£m) 35.5 29.3 21.2

EBITDA margin prior to exceptional items (%) 30.0 30.9 (0.9)pt

• Strong revenue and EBITDA progress driven by organic growth and acquisitions

• Slight margin decrease reflecting change in product mix and investment in the regulated business

• Corporate actions revenue increased to £6.2m in 2015 (2014: £3.2m)

• Growth across all service lines

– Registration Services – 100% FTSE 350 client retention rate and new mandates, e.g. Virgin Money, Shawbrook, Aldermore, Worldpay

– Investment Services – strong growth in International Payments and a number of new corporate accounts, e.g. white label share dealing services for Saga

– Employee Services – benefitted from changes to SAYE, allowing people to save more, and scheme maturities

INVESTMENT SOLUTIONS

11

Reported2015

Reported2014

ReportedChange %

Organic Change %

Revenue (£m) 98.9 89.6 10.4 1.3

EBITDA prior to exceptional items (£m) 22.7 16.3 39.3

EBITDA margin prior to exceptional items (%) 23.0 18.2 4.8pt

• Revenue growth driven by prior year acquisitions (Pancredit and Invigia), and demand for complaints management and credit services

• Organic growth of 1.3% through strong software sales in complaints management and credit services offset by a small decline in the rest of the business, with strong increase in profitability

• EBITDA growth reflecting favourable change in mix, increasing sales of higher margin software licenses and focus on efficiency

INTELLIGENT SOLUTIONS

12

Reported2015

Reported2014

ReportedChange %

Organic Change %

Revenue (£m) 142.5 101.3 40.7 8.0

EBITDA prior to exceptional items (£m) 26.8 21.7 23.5

EBITDA margin prior to exceptional items (%) 18.8 21.4 (2.6)pt

• Revenue growth driven by organic growth and consolidation of MyCSP

• Organic growth through project work, e.g. government career average schemes and Guaranteed Minimum Pensions (GMP) reconciliation; GMP project work continues to 2018

• Margins reflect higher % of revenue from MyCSP joint venture

PENSION SOLUTIONS

13

Reported2015

Reported2014

Interest Income (£m) 9.3 6.5

Central Costs (£m) (8.1) (3.8)

• Interest revenue increased due to higher interest earning balances and treasury management

• Higher central costs

– Plc infrastructure

– Investment in growth, particularly sales and key account management

– Strengthened compliance and risk functions

INTEREST INCOME/CENTRAL COSTS

14

£m 2015 2014 Change %

Revenue 369.0 292.3 26.2

EBITDA prior to exceptional itemsDepreciationAmortisation – softwareNet finance expense - proforma

86.2(4.4)

(15.8)(13.0)

70.0(3.8)

(11.0)(14.9)

23.115.843.6

(12.8)

Normalised PBTCash tax of 15%

53.0(8.0)

40.3(6.0)

31.533.3

Normalised PATNon controlling interest

45.0(4.6)

34.3(2.1)

31.2119.0

Normalised profit attributable to ordinary shareholders 40.4 32.2 25.5

Proforma results adjust for IPO related costs and our ongoing funding structureNormalised profit excludes exceptional items and amortisation of acquisition related intangible assets and includes finance expenses on a proforma basis

GROUP NORMALISED PROFIT

See slide 17 for detail of exceptional items

15

REPORTED (£m) 2015 2014

EBITDA prior to exceptional itemsWorking capital movement

86.211.4

70.02.5

Free cash flow

Cash flow conversion (%)

Capital expenditure

Net interest costs

97.6

113

(18.4)

(29.4)

72.5

104

(20.8)

(31.0)

Proceeds from issue of share capital 495.0 -

Net increase in borrowings 274.5 45.2

Repayment of loans (706.9) -

Exceptional items – refinancing charges (14.8) -

Exceptional items/provisions - other (24.2) (18.7)

Investment in current year acquisitions (19.9) (30.3)

Payment of deferred consideration (3.9) (0.7)

Taxes paid (1.5) (2.6)

Other (1.7) 1.1

Net cash movement 46.4 14.7

CASH FLOW STATEMENT

See slide 17 for detail of exceptional items

16

REPORTED (£m) 2015 2014

Cash and cash equivalents (76.5) (30.1)

Senior debt 250.0 440.0

Revolving credit facility 70.0 45.5

Other 2.5 2.8

Net debt 246.0 458.2

Net debt/EBITDA 2.8x 6.5x

• Significant reduction in net debt through strong cash flow and refinancing

• Net debt/EBITDA of 2.8x from strong working capital management and timing of IPO costs

• Net debt/EBITDA adjusted for timing of IPO costs was 3.0x at 31 December 2015

LEVERAGE

17

• c. £657m tax assets to be utilised (2014: £633m)

• Cash tax rate of c. 15% sustainable for the foreseeable future

EXCEPTIONAL ITEMS (£m) 2015 2014

Operating costsAcquisition related costsRestructuring and other costsProperty costs

2.28.1

-

2.68.11.9

Total exceptional operating costs 10.3 12.6

IPO related costsIPO related exceptional operating costsIPO related exceptional finance costs

22.521.2

--

Total exceptional IPO related costs 43.7 -

TAX

EXCEPTIONAL ITEMS & TAX

18

organic revenue growth per annum

5%

TARGET

FINANCIAL GUIDANCE MAINTAINED

Supplemented by acquisition revenue growth of 2% per annum

GRADUAL MARGIN IMPROVEMENT

25bp per annum

< £5m

EXCEPTIONAL CHARGES IN 2016

pre capital expenditure;

AVERAGE CASH CONVERSION

Capital expenditure at 5-5.5% of revenue

MEDIUM-TERM NET DEBT/EBITDA TARGET

2.0 – 2.5x

CASH TAX RATE

c15% expected for the foreseeable future as we utilise trading

losses and unclaimed allowances in the Group

PROGRESSIVE DIVIDEND POLICY DISTRIBUTING

30% OF OUR NORMALISED PROFIT ATTRIBUTABLE TO ORDINARY SHAREHOLDERS

>95%

OPERATIONAL & STRATEGIC REVIEW

19

20

• #1 market share maintained for registration and share plans, #2 or #3 in all other main markets

• Strong cross-selling, with 12% growth from top 24 clients• Charter customer service platform now deployed in Lloyds, Santander and MBNA• Sharedealing portfolio migrated from Santander

7% ORGANIC GROWTH UNDERPINNED RESULTS

EXISTING CLIENTS

• White label share dealing for Saga and CPN• Foreign payments processing for MarTrust, CloudPay and Activepayroll• Bereavement BPO sold to a major high street bank• Personal loan platforms sold to six UK lenders

NEW CAPABILITIES

• 17 new share registration clients (e.g. Shawbrook, Aldermore, Virgin Money, Worldpay) • Pensions software (e.g. Hannover Re and University of Oxford)• Loan administration and credit origination (e.g. Telefonica, Provident)• Customer service technology and resource (e.g. npower, Welsh Water)

NEW CLIENTS

1

2

3

21

• Major client retention rates continue at 100%• Revenue visibility of >90% for 2016 and >80% for 2017• Non-discretionary services

ENHANCED RETURNS

• Increased scale and resilience of our centre in Chennai• Rationalised property footprint, closed 7 properties• Introduced more automation and lean six sigma to working practices

• Increased operating free cash flow by 35% to £97.6m• Operating cash conversion of 113%, up from 104%• Capital expenditure maintained within 5.0-5.5% of revenue

• Reduced indebtedness from £458m to £246m• Reduced blended cost of borrowing from 7.6% to c3% reducing

interest charge from c£40m to c£12m on an annualised basis • Interest costs fixed to 2018• Utilisation of tax assets

RESILIENT GROWTH

1

OPERATIONAL EFFICIENCY

WORKING CAPITAL/CASH MANAGEMENT

FINANCIAL EFFICIENCY

2

3

4

22

• Pensions regulation changes along with macro shifts in interest rates and longevity

• Reform of the annuity market driving first time BPO outsourcings• Increase in SAYE limits• Government policy to back share ownership• Increasing regulation of financial services

DRIVERS OF GROWTH

• Challenges for broker clients around custody, settlement, customer reporting and MIFID2

• Challenges for banking clients around money laundering and know your customer, with record breaking fines in 2015

• Growing demand for outsourcing in complaints and digitisation

• More than 50% of digital transactions now conducted on smartphones• Hyper-interconnectivity of markets and consumers is the new norm• Demands for improved customer service compels clients to outsource to

deliver their digital strategies, especially when burdened by legacy technology

REGULATION

COMPLIANCE

DIGITISATION

1

2

3

23

• UK based provider of credit decisioning and risk profiling software for commercial lending

• Deep client relationships• Broad applicability across

lending products• Complements our other

‘conduct risk’ capabilities within the Intelligent Solutions division

• Cutting edge workflow technology for on-boarding and monitoring of commercial and retail clients

• Multi-tenanted technology operates as a SaaS, on-premise or managed service

• Broad applicability across financial services as well as retail, travel, legal services

Q1 2016 TWO ACQUISITIONS IN FINANCIAL

SERVICES TECHNOLOGY

CONTRIBUTES TO GUIDANCE OF ACQUISITION GROWTH OF 2% PER ANNUM

NEW CAPABILITIES IN COMPLIANCE FOR FINANCIAL SERVICES

2015 TWO ACQUISITIONS

WITHIN INVESTMENT SOLUTIONS DIVISION

Selftrade• Significantly increased the scale of our

execution-only share dealing platform

TransGlobal Payment Solutions• Transferred ownership of technology

underpinning our foreign exchange payments business

Initial consideration of c. £16mEarnout payment of up to c. £10m in 2019, driven by growth

SUMMARY& OUTLOOK

24

25

• A year of strategic execution and delivery on our financial commitments

• Strong operating cash flow and cash conversion

• Robust ongoing demand for our products, structurally underpinned by increasing UK regulation and legislation

SUMMARY

26

OUTLOOK

• Encouraging start to 2016

• Encouraging rate of order intake and good revenue visibility

• Underlying fundamentals in complex administration, regulation and compliance

• Maintaining financial guidance set out at IPO

WE AIM TO ACHIEVE ANNUAL ORGANIC REVENUE

GROWTH OF 5%…”

27

Equiniti is a leading provider of technology and solutionsfor complex and regulated administration, serving

blue-chip enterprises and public sector organisations

27

Q&A

28

APPENDIX

2015 REVENUE SHARE1

INV

ESTM

ENT

SOLU

TIO

NS

REGISTRATION SERVICES

Registration

Shareholder services

Corporate actions and dividends

EMPLOYEESERVICES

Employee benefit schemes

Employee share plans

INVESTMENTSERVICES

Retail investor services

Executive share dealing

Wealth management solutions

White label share dealing

International paymentsBn

PENSION SOLUTIONS

Pension administration to public and private sectors

Pension administration software

Data analytics

INTELLIGENTSOLUTIONS

Loan administration

Enterprise workflow & case management

Data analytics

EQUINITI PROVIDES SERVICES AND SOLUTIONS THAT SUPPORT COMPLEX AND REGULATED PROCESSES…

MARKET POS.

27%

38%

32%

29

Technology-led

End-user Engagement

Data-driven

Payments Processing

Regulated, Embedded Processes

Source: Management information, management estimates1. Interest income accounts for3% of 2015 revenue

#1

#1

#4

#2

…THAT SHARE A SET OF COMMON CAPABILITIES

EST. MARKET SHARE

50%

25%

7%

15%#1

#4 10%

KEY SERVICES

FTSE 100 REGISTERS

PUBLIC SECTOR

COMPLAINTS, CASE MANAGEMENT, AND REGULATORY SERVICES

WHAT WE DO

INVESTMENT SOLUTIONS (32%)1

PENSION SOLUTIONS

(38%)1

INTELLIGENT SOLUTIONS

(27%)1

REGISTRATION SERVICES

EMPLOYEE SERVICES

INVESTMENT SERVICES

Macro-economic recovery driving capital markets activity, investor confidence and increase in interest rates

•• • •• • •

Pension reform to address demographic changes

• • ••

Regulation & compliance across all markets • • •• • ••

Outsourcing of complex activities to technology partners

• • • •• ••

Digitalisation drivingchannel shift

• • •• • ••

30

1

2

3

4

5

Source: Management estimates1. Percentage contribution of 2015 total reported revenues

(Interest Income contributed 3%)

Total Addressable Market Size = £3.9bn

OUR MARKETS ARE LARGE AND SUPPORTED BY SECULAR AND RESILIENT TRENDS

31

Source: Management information1. Marketing rights to c. 4m further known individuals through Corporate Sponsored Nominee and Club Together

SCALE PROVIDER OF SOLUTIONS TO LARGE CORPORATES AND GOVERNMENT, FACILITATING MIDDLE-OFFICE INTERACTIONS WITH THEIR EMPLOYEES, SHAREHOLDERS, CUSTOMERS AND CITIZENS

OUR KEY ASSETS

32

(£m)2015

Statutory2015

Adjustment2015

Proforma1

2014 Statutory

2014 Adjustment

2014 Proforma1

Revenue 369.0 - 369.0 292.3 - 292.3

EBITDA prior to exceptional itemsDepreciationAmortisation – softwareAmortisation – acquired intangibles

86.2(4.4)

(15.8)(23.0)

----

86.2(4.4)

(15.8)(23.0)

70.0(3.8)

(11.0)(20.9)

----

70.0(3.8)

(11.0)(20.9)

EBIT prior to exceptional itemsExceptional items excluding IPO costs

43.0(10.3)

--

43.0(10.3)

34.3(12.6)

--

34.3(12.6)

Reported EBIT prior to IPO costsIPO related exceptionals – operating costs

32.7(22.5)

-22.5

32.7-

21.7-

--

21.7-

Reported EBITIPO related exceptionals – finance costsNet finance costs2

Gain on disposal of associateShare of profit in associate

10.2(21.2)(60.7)

--

22.521.247.7

--

32.7-

(13.0)--

21.7-

(71.8)9.81.7

--

56.9--

21.7-

(14.9)9.81.7

Profit before taxTaxation3

(71.7)25.9

91.4(28.9)

19.7(3.0)

(38.6)1.7

56.9(4.4)

18.3(2.7)

Profit / (loss) from continuing operationsNon-controlling interests

(45.8)(4.6)

62.5-

16.7(4.6)

(36.9)(2.1)

52.5-

15.6(2.1)

Profit / (loss) attributable to ordinary shareholders (50.4) 62.5 12.1 (39.0) 52.5 13.5

Earnings per share (pence)Basic (0.93) (7.80)

GROUP INCOME STATEMENT

1Proforma results adjusted for IPO related exceptional costs and to normalise finance costs to reflect our ongoing funding structure2Proforma net finance costs have been presented to better reflect the cost that would have been incurred had the Group’s current debt structure been in place throughout the current and prior year3Proforma taxation has been presented to better reflect the tax charge that would have been incurred had the Group’s current debt structure been in place throughout the current and prior year at an estimated

effective tax rate for the Group of 15%