EPS (RHS - inverted} > Ke} ico} | eed foe) Lo?) fam) ~~ N oO — WwW oO NM > > > > > > > > > > > > > > 2222 2222222222 Arran ———Luthersa ——=—AIAG cue —Ayanar Wine Ar SoureesConpannlia Source: BofA Merrill Lynch Global Research, Bloomberg, Datastream, IBES Chart 72: The UK consumer will have lower purchasing power