Verification StatementLondon Stock Exchange Group – CY2021 Global GHG Inventory
Backgr ound
Cameron-Cole, LLC (“Cameron-Cole”) was retained by London Stock Exchange Group (LSEG) toperform an independent verification of its global Greenhouse Gas (GHG) Emissions Inventory for
Calendar Year 2021 (CY2021), which was developed according to the World Resources Institute(WRI)/World Business Council for Sustainable Development (WBCSD) Greenhouse Gas Protocol: ACorporate Accounting and Reporting Standard, 2004 revised edition and its associated amended datedFebruary 2013. Our opinion on the results of the Inventory, with respect to the verification objectives
and criteria, is provided in this statement.

Responsibility of LSEG & Independence of Ver ification Provider
LSEG has sole responsibility for the content of its GHG Inventory. Cameron-Cole accepts noresponsibility for any changes that may have occurred to the GHG emissions results since they weresubmitted to us for review. Based on internationally accepted norms for impartiality, we believe ourreview represents an independent assessment of LSEG’ global CY2021 GHG Emissions Inventory.
Finally, the opinion expressed in this verification statement should not be relied upon as the basis forany financial or investment decisions.

Level of Assurance
The level of assurance is used to determine the depth of detail that a Verification Body designs into theVerification Plan to determine if there are material errors, omissions or misstatements in a company's
GHG assertions. Although Absolute Assurance may provide the highest level of confidence that anemissions assertion is materially correct, it is often not practical for complex verification assignments.
The two remaining levels of assurance that are generally recognized – reasonable and limited – areroutinely provided by Verification Bodies. Reasonable Assurance generates the highest level ofconfidence that an emissions report is materially correct, while Limited Assurance provides lessconfidence, and involves less detailed examination of GHG data and supporting documentation. Limited
Assurance statements assert that there is no evidence that an emissions report is not materially correct.
Cameron-Cole’s verification of LSEG’s Global GHG Emissions Inventory for CY2021 was constructedto provide a Limited Level of Assurance.

Objectives
The primary objectives of this verification assignment were as follows:• Determine whether the GHG emissions assertions meets/exceeds the agreed upon 90%
threshold for accuracy for Scope 1, 2 and Scope 3 emissions, individually; and,• Evaluate the conformance of LSEG’s accounting and calculation methodologies, processes andsystems to The GHG Protocol.

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London Stock Exchange Group – CY2021 Global GHG Inventory
Verification Criteria
Cameron-Cole conducted verification activities in alignment with the principles of ISO-14064-3:2006(E)Specifications with Guidance for the Validation and Verification of Greenhouse Gas Assertions. TheLSEG GHG Inventory was prepared using, and verified against, The GHG Protocol.

Verification Scope & Assertion sThe scope of this verification assignment covers LSEG’s Global CY2021 GHG Emissions Inventory,
which includes CO2, CH4, and N2O for Scope 1, Scope 2 and Scope 3.
LSEG’s CY2021 GHG assertions are as follows:
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Scope 1 emissions totaled 1,767 metric tons (MT) carbon dioxide equivalents (CO2e)
Location-Based Scope 2 emissions totaled 107,685 MT CO2e
Market-Based Scope 2 emissions totaled 3,138 MT CO2e
Location-Based Scope 3 emissions are reported to be 594,382 MT CO2eMarket-Based Scope 3 emissions are reported to be 567,747 MT CO2e

It is therefore verified that LSEG’s declared assertions above and the total Market-based GHG
emissions for CY2021 of 572,652 MT CO2e (inclusive of all Scopes) are materially correct, limited
to the boundaries listed in the Verification Scope & Assertions section of the Verification
Statement.
Most of Scope 1 and Scope 2 emissions were calculated from activity data consisting of fuel invoices,metered consumption and estimates based on square feet of occupied space and an assumed electric
consumption rate. No other data and information supporting the GHG assertion for Scopes 1 and 2
were hypothetical, projected or historical in nature, other than the inherent historical nature of gridbased electricity emissions factors. LSEG reduced emissions from purchased electricity using Energy
Attribute Certificates (EACs) in their market-based scenario. LSEG also tracks purchased goods andservices, business travel, employee commuting, fuel and energy-related activities, waste generated,water, upstream leased assets and home working as a Scope 3 emissions source.

Verification Opinion
Based on the method employed and the results of our verification activities, Cameron-Cole has
found no evidence of material errors, omissions or misstatements in LSEG’s Global
CY2021 GHG Inventory within the boundaries described above. Cameron-Cole also found that
LSEG’s GHG accounting and calculation methodologies, processes and systems for this inventory
conform to guidance from The GHG Protocol.
Cameron-Cole’s verification of the LSEG Global CY2021 GHG Emissions Inventory was constructed toprovide a Limited Level of Assurance.

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Mallory Andrews, Lead Verifier

Chris Lawless, Independent Reviewer

Senior Strategist, Sustainability Services
February 24, 2022

Director, Sustainability Services
February 24, 2022

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