Asset 2

Governance

Governance principles

NLF Advisers:

The directors are responsible for monitoring investment policy and considering financial risk. The following agencies also contribute to management of the investment portfolio, custodial services (including safeguarding assets), accounting and company secretarial requirements:

NLF Registered Office

Citypoint
65 Haymarket Terrace
Edinburgh
EH12 5HD

Executive Secretary

Mrs M Hope
BDO LLP
55 Baker Street
London
W1U 7EU

Bankers

The Bank of New York Mellon
(London Branch)
One Canada Square
London
E14 5AL

Accountants

BDO LLP
55 Baker Street
London
W1U 7EU

Global Fiduciary Manager

Aon
The Aon Centre
The Leadenhall Building
122 Leadenhall Street
London
EC3V 4AN

Auditors

Grant Thornton UK LLP
30 Finsbury Square
London
EC2P 2YU

Solicitors

Shepherd and
Wedderburn LLP
1 Exchange Crescent
Conference Square
Edinburgh
EH3 8UL

Custodians

Bank of New York Mellon
London Branch
One Canada Square
London EH14 5AL

Independent Investment Adviser

Nigel Webber

Technical Adviser

Paul Crow

Nuclear Liabilities Fund Modern Slavery Statement

This is the modern slavery statement of the Nuclear Liabilities Fund and the Nuclear Liabilities Fund Limited (the ‘Fund’) made pursuant to section 54(1) of the Modern Slavery Act 2015 (the ‘Act’). The Fund’s purpose is to receive and hold monies, investments and other assets, in order to secure funding for discharging certain decommissioning liabilities related to EDF Energy’s UK nuclear power stations which were in existence in 1996 and are operational in the UK today. The Fund seeks to conduct its business honestly and with integrity at all times and is committed to abolition of modern slavery and human trafficking. The Fund promotes transparency and openness in relation to the goods and services it receives. As part of its procurement and ongoing assurance processes, the Fund requires service providers and potential service providers to demonstrate what policies they have in place and what steps they have taken to prevent modern slavery and human trafficking. This extends to understanding what due diligence the Fund’s service providers carry out in relation to their own suppliers and what risks are associated with their businesses. This statement, which will be reviewed annually and updated as required, has been reviewed and approved by the Trustees and Board of Directors of the fund on 3 November 2020.