THE COLLINSON GROUP LIMITED 2022-2023

Anti-slavery and Human
Trafficking Statement

INTRODUCTIONOUR ORGANISATIONOUR SUPPLY CHAIN

OUR POLICIESWELCOMEDUE DILIGENCEKEY PERFORMANCE INDICATORSINTRODUCTION

This statement has been published inaccordance with the Modern Slavery
Act 2015. It sets out the steps taken by
The Collinson Group Limited (“TCG”or “Collinson”) during the year ending
30th April 2023 to combat modern
slavery and human trafficking in ourbusiness and our supply chain.

Collinson has a proud historyof acting ethically and withpurpose, standing for more thanjust making money, and striving
to be a business our people areproud to work for and our clientswant to work with.
We are guided by establishedstandards on human rights and modern
slavery and have corporate governancestructures in place to ensurecompliance. We expect our suppliers
to share our same commitment andrequire our suppliers to sign up to ourExpectations for Ethical Supply.

This statement is produced in a period
where our business is managing
recovery of global travel from theeffects of the Covid-19 pandemic.
We are also operating throughchallenges such as the terminationof our operations in Russia following
its invasion of Ukraine, and prevailing
economic challenges, such as
hyperinflation and recession.

Given our business operations,
we believe our exposure to therisks associated with modern
slavery to be low, however weacknowledge the importanceof transparency in sustainablebusiness and produce thisModern Slavery Statement
within this context.
This is our 6th statement made underthe Act. Our previous statements canbe found alongside this statement.

Collinson has a proud history of acting ethically and with purpose, standingfor more than just making money, and striving to be a business our people
are proud to work for and our clients want to work with.

OUR ORGANISATIONOur Structure
Our People and Values
Our Charitable Partnerships

OUR SUPPLY CHAIN
We rely on a global network ofpartners and suppliers to help
us deliver our innovative andcustomer focused solutions.

OUR POLICIESKEY PERFORMANCE INDICATORS

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DUE DILIGENCE

STATEMENTINTRODUCTIONOUR ORGANISATIONOUR SUPPLY CHAIN

INTRODUCTION
The Modern Slavery Act 2015 requires commercialorganisations supplying goods or services with a turnover
above £36 million to prepare and publish an annual ‘Slaveryand Human Trafficking Statement’. The Statement must set
out the steps an organisation has taken during its financial
year to prevent slavery or human trafficking.

Collinson fully supports the UK Modern Slavery
Act and will not tolerate any form of slavery. As an
ethically driven company, Collinson respects thehuman rights of all those who work for us directly
and on our behalf. We will not accept any violationof these rights in any form, particularly in relation
to human trafficking and slavery, and we actively
work to ensure suppliers and partners operate inaccordance with the same belief and rigour.
This statement sets out our approach to managing modern
slavery risks throughout our internal operations and our supply
chains. It relates to the actions and activities undertaken
across Collinson, irrespective of the turnover of each entity.

OUR POLICIESDUE DILIGENCEKEY PERFORMANCE INDICATORSSTATEMENTINTRODUCTIONOUR ORGANISATIONOUR SUPPLY CHAIN

OUR POLICIESDUE DILIGENCEKEY PERFORMANCE INDICATORSSTATEMENTOur Organisation
OUR STRUCTURE
TCG is a holding company focused on owning and operating businesses that compete primarily in the travel benefits and airport services sectors. TCG is domiciled in the United Kingdom,with its corporate headquarters in London, England. TCG and its subsidiary undertakings (together referred to as the “operating businesses”) currently operate through five mainintermediate holding companies:

COLLINSON INTERNATIONAL LTD

COLLINSON INVESTMENTS LTD

COLLINSON INSURANCE HOLDINGS LTD

The lion’s share of our global business and includes
the Travel Experiences and Loyalty divisions alongwith our Central operations.

The arm of Collinson that focuses on strategic
investments and partnerships, primarily in cuttingedge technology and experiences associated withthe travel sector.

The holding company for our Insuranceand Assistance business.

AIRPORT DIMENSIONS HOLDINGS LTD

VALUEDYNAMX HOLDINGS LTD

Our Airport Dimensions business which designs
and operates airport lounges and wider experiences globally.

A global provider of curated data-driven omni-channel purchase rewards.

The operating businesses, primarily managed on a decentralised basis with a select number of shared functions, operate in over 15 global locations to deliver market leading airport
experiences, loyalty and customer engagement, and insurance solutions. More than just ourselves, we rely on a network of over 2500 suppliers and partners, and our Priority Pass network
spans over 1,400 lounges and travel experiences in over 650 airports in 148 countries.

INTRODUCTIONOUR ORGANISATIONOUR SUPPLY CHAIN

OUR POLICIESDUE DILIGENCEKEY PERFORMANCE INDICATORSSTATEMENTOUR PEOPLE AND VALUESAs a family-owned and operated business, Collinson firmly
believes in the importance of family, and we strive to makeour company a great place to work, supporting our colleagues
when times are good and when things get tough.
We are committed to fostering an inclusive environment for all our people andto ensuring that we maintain a diverse workforce. We consider our partners
and suppliers as our extended family, and seek to build strong, trusting
relationships. Our Code of Conduct details the standards we set for how we go
about our work and the minimum expectations required of us as we interact
with our colleagues, clients, partners, and stakeholders.
We have a number of policies in place to address human rights aspects suchas working conditions, renumeration, and support of diversity, inclusion, andequity. This year we launched our Family Matters programme – our way
to support colleagues wherever they are on life’s journey and to foster an
inclusive family culture. This saw the launch of a suite of new policies covering
key areas, including fertility support, parental leave, pregnancy and baby loss,
bereavement of a child, compassionate leave, mental health and wellbeing,sabbatical leave and armed forces reservist leave.
In FY23 we were also delighted to welcome our first intake of graduates froma new partnership with Shadow Careers, an organisation that supports training
and career opportunities for unemployed youth in South Africa. Thanks to thispartnership, 20 young people have been permanently employed with Collinson
and in many cases become the main source of income for their families. These
opportunities allow young people to build long term and sustainable careerpaths reducing the risk of exposure to human trafficking or human slavery.

INTRODUCTIONOUR ORGANISATIONOUR SUPPLY CHAINOUR CHARITABLE PARTNERSHIPS
Our community programmes mobilise our ecosystem
to drive positive change in the communities we live andwork in. We believe inequality and a lack of education
are key factors that can drive modern slavery andhuman trafficking. At Collinson we are passionate
about empowering young people from disadvantaged
communities, and we seek to equip them and theirfamilies with the education and skill set to find sustainableemployment and thrive.
Charitable giving and volunteering have always played
important roles at Collinson, and we believe that we canindirectly reduce the risks of modern slavery and humantrafficking through our charitable partnerships and byencouraging our people to support charities in theircommunities globally. Employees have the autonomy tofundraise and volunteer for the causes they care mostabout, and we provide the resources and support needed
to maximise the impact they have.
Our ESG report further details our progress throughout theyear within our charitable partnerships and volunteeringand is published on our website.

OUR POLICIESDUE DILIGENCEKEY PERFORMANCE INDICATORSSTATEMENTINTRODUCTIONOUR ORGANISATIONOUR SUPPLY CHAIN

OUR POLICIESDUE DILIGENCEKEY PERFORMANCE INDICATORSSTATEMENTOur Supply Chain
We rely on a global network of partners and suppliers to help us deliver
our innovative and customer focused solutions. We expect that ourpartners and suppliers work with integrity and maintain robust standardsof governance, seeking to avoid any decisions that may have a negative
societal impact. In FY23, we updated our Expectations for Ethical Supply,and we will be asking new and renewal suppliers to sign up to them during
FY24 as they are the guiding principles that shape our relationships.
We have also ensured that our procurement team is trained on sustainableprocurement while sustainable procurement objectives are also integrated
into our buyers’ performance reviews.

Our Policies
Our policies clearly set out our company standards. Alongside ourExpectations for Ethical Supply, the Collinson Code, our company wide
internal code of conduct, forms the overarching reference point for ourbehavioural expectations. We operate a confidential Whistleblowing Policyand system to allow anyone to call out behaviour that does not align withthe Collinson Code, and our shared values.

INTRODUCTIONOUR ORGANISATIONOUR SUPPLY CHAIN

Due Diligence
Our risk management framework enables us to identify, assess, manage,
and control key risks to the business including those related to slavery andhuman trafficking across the organisation. Our centralised risk team oversees
an enterprise risk management framework and reports directly to the Risk
Committee. Through our recruitment, training and appraisal processes we aim
to employ staff with high ethical and professional standards. All new employees
undergo a vigorous verification process. We ensure that they have the right towork through document checks, proof of ID and investigation into duplicate
bank accounts. We also employ structured due diligence processes when
onboarding new suppliers to explore areas of relevant risk.

Key Performance Indicators
To date, Collinson have had 0 reported incidences of Modern Slavery
or Human Trafficking.
In our next financial year, we will be looking to build on our progress by:•

Working to enhance our coursing, vetting, contracting and suppliermanagement, to ensure that we drive positive change throughout
our value chains.

•Improving our data points in relation to diverse supply key statistics.

OUR POLICIESDUE DILIGENCEKEY PERFORMANCE INDICATORSSTATEMENTINTRODUCTIONOUR ORGANISATIONOUR SUPPLY CHAIN

OUR POLICIESAbout this statement
This statement is made with respect to the financial year ended 30th April 2023 inaccordance with s54(1) of the Modern Slavery Act 2015. This statement applies to The
Collinson Group Limited, Collinson International Limited, Lounge Key Ltd, Priority Pass Inc,Priority Pass Ltd, Astrenska Insurance Ltd, Collinson Insurance Europe Ltd and Collinson
Assistance Services Ltd (each a “Collinson Company”) and has been approved by theBoard of Directors of The Collinson Group Limited on behalf of each other Collinson
Company. The statement will be reviewed and updated (if necessary) annually to reflect
Collinson’s ongoing commitment to ensure its business and supply chain are free fromslavery and human trafficking. This statement is signed by a director of The Collinson
Group Limited, the holding company of the group.

David EvansCollinson Group Limited

16th November 2023

DUE DILIGENCEKEY PERFORMANCE INDICATORSSTATEMENT