Structure Today: I i c:plortcl (UK) Midco Ltd. 1\ ...„..... (UK) -.1)i kir Bided Ltd. (UK) Vacs Phaidon Publishing Ltd. (UK) PP Inc. UK Germany France Italy Japan ,kikt•Gtv:- \ EFTA01127670 Alternative Structure: rMrdco Ltd. (UK) PP Inc. UK JMWT Acquisition LLP (UK) f Topco Ltd. 'N (UK) mfie Ltd. (UK) W Phaidon Puol ycl isiting Ltd. (UK) Germany Italy Japan kAteuit EFTA01127671