Directors’ Report

The Directors have pleasure in submitting their Report and the Audited Financial Statements for the financial year ended September 30, 2022

Principal Activities

The main activity is that of a Holding Company.

Financial results for the year

$000’s

Profit attributable to shareholders Dividends paid 813,929 (287,011)

Profit retained for the year Other movements on revenue reserves Balance brought forward

Retained earnings at end of year

526,918 (35,118) 5,878,713

6,370,513

Dividends

The Directors declared an interim dividend of 3 cents and then a final dividend of 12.68 cents per share, making a total dividend of 15.68 cents per share for the financial year. The final dividend will be paid on or after December 16, 2022, to Shareholders whose names appear on the Register of members of the Company at the close of business on December 9, 2022.

Directors

Pursuant to paragraphs 4.4.1, 4.4.2 and 4.6.1 of By-Law No. 1 of the Company, Messrs. Robert Bermudez, Marc-Kwesi Farrell, E. Gervase Warner and Ms. Soraya Khan, retire from the Board by rotation and being eligible offer themselves for either election or re-election until the close of the third Annual Meeting following this appointment.

Directors’ and Senior Officers’ Interests

These should be read as part of this report.

Auditors

The Auditors, PricewaterhouseCoopers, retire and being eligible offer themselves for re-appointment.

By order of the Board

Wendy Kerry Corporate Secretary

Directors’, Senior Officers’ and Connected Persons’ Interests

Set out below are the Directors, Senior Officers and their connected persons with interests in the shares of Massy Holdings Ltd. and the holders of the ten (10) largest blocks of shares in the Company as at September 30, 2022.

Directors and Senior Officers

David Affonso Robert Bermudez Ian Chinapoo Marc-Kwesi Farrell Patrick Hylton Peter Jeewan Soraya Khan Luisa Lafaurie Rivera Suresh Maharaj Bruce Melizan David O’Brien Robert Riley Elliot Gervase Warner Julie Avey Wendy Kerry Vaughn Martin Anjen Mclean Angelique Parisot Potter Roger Ramdwar Alberto Rozo

Connected Persons’ Shareholdings Shareholdings

2,098,977 296,400 2,191,589 Nil Nil Nil 65,800 Nil Nil 13,620 2,847,600 Nil 21,314,077 2,060,378 1,181,919 3,811,148 90,118 2,317,499 300,184 311,980 Nil 65,913,007 Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil

Holders of the Ten (10) Largest Blocks of Shares

Shareholder Number of Shares as at 30-09-2022

National Insurance Board of Trinidad and Tobago RBC/RBTT Nominee Services Limited RBC/RBTT Trust Limited Republic Bank Limited Trinidad and Tobago Unit Trust Corporation Jamaica Central Securities Depository Ltd Kiss Baking Company Limited Trintrust Limited Guardian Life of the Caribbean National Insurance Board (Barbados) 396,021,020 207,577,823 135,193,068 129,555,794 89,210,050 72,606,208 65,652,427 64,299,662 61,794,740 56,007,440

Notes

1 The indirect Beneficial Shareholding of Directors and Senior Officers corresponds to the Trinidad & Tobago Stock Exchange

Rules (Rule 600) regarding the shareholdings of persons connected to Directors and Senior Officers. It includes the indirect beneficial ownership/control of shares held by; (i) entities that a person owns/controls>50 percent shares, (ii) the Director’s/Senior

Officer’s husband or wife and (iii) the Director’s/Senior Officer’s minor children.

2 RBC/RBTT Nominee Services Limited holds a non-beneficial interest in 207,577,823 shares for the Neal & Massy Employee

Stock Ownership Plan.

3 The National Insurance Board Limited holds a substantial interest in the issued share capital of the Company. A substantial interest means one-tenth or more of the issued share capital of the Company.

4 The following changes were made to the Company’s Senior Officers on October 1, 2022: • Mr. Vaughn Martin was appointed as an Executive Director to the Company’s Board of Directors and Interim Group Chief Financial Officer; • Mr. Marc Rostant was appointed as Executive Vice President and Chairman, Motors and Machines Portfolio; and • Mr. David O’Brien was appointed as Executive Vice President, Global Expansion.

5 There have been no changes to the Substantial Interests occurring between the end of the Company’s financial year and one month prior to the date of the Notice convening the Annual Meeting.

6 There were no beneficial interests attached to any shares in the names of the Directors in the Company’s subsidiary companies, such shares being held by the Directors as nominees of the Company or its subsidiaries.

7 At no time during, or at the end of the financial year, were any material contracts or proposed material contracts granted by the

Company, or any of its subsidiary companies, to any Director or Proposed Director of the Company.