Modern Slavery Statement

Introduction

We know that slavery, servitude, forced labour and human trafficking (Modern Slavery) is a global and growing issue given the rapid rise in global migration, existing in every region in the world and in every type of economy, whether industrialised, developing or in transition. No sector or industry can be considered immune or untainted. Pyramid has a zero tolerance approach to Modern Slavery of any kind within our operations and supply chain. We all have a responsibly to be alert to the risks, however small, in our business and in the wider supply chain. Staff are expected to report concerns, using the appropriate reporting channels, and management are expected to act upon them.

Our business and supply chains

Pyramid is one of the UK’s leading publishers and distributors of licensed images, selling products across the world. Our product supply chains are extensive and global, numbering thousands of suppliers over more than 20 countries.

Policies and contractual controls

We confirm that we will not tolerate or condone abuse of human rights within any part of our business or supply chains and will take seriously any allegations that human rights are not properly respected. We encourage staff to report any wrongdoing which extends to human rights violations like Modern Slavery. All reports will be fully investigated and appropriate remedial actions taken.

All suppliers are required to comply with our Global Sourcing Principles, and with business-area specific ethical policies, which require them to:

• participate in ethical trading audits assessments;

• Provide employees with good working conditions, fair treatment and reasonable rates of pay; and

• Respect workers’ human rights and comply fully with all applicable laws. The above policies also require that:

• All work must be voluntary, and not done under any threat of penalties or sanctions

• Workers must not pay any deposits for work, and employers – whether labour users or recruiters – must not keep original copies of identity documents.

• Indentured labour is prohibited, and workers must be free to leave work at any time, with all salary owed to be paid.

• The payment of direct or indirect recruitment fees to secure a job is prohibited, and we require suppliers to have adequate due diligence in place to ensure this does not happen.

In the year ahead we will look to develop our key suppliers’ understanding and commitment to tackling Modern Slavery in more detail.

This statement has been published in accordance with the Modern Slavery Act 2015. It sets out the steps taken by Pyramid International during year ending 30 December 2024 to prevent modern slavery and human trafficking in its business and supply chains.

Due Diligence and audits of suppliers and supply chain

We understand that our biggest exposure to Modern Slavery is in our product supply chains.

Within these areas, new suppliers and factories/sites are subject to due diligence checks in the form of ethical/compliance audits conducted on behalf of Pyramid. Such audits will also be conducted for existing suppliers and factories/sites. These audits assess compliance with the Global Sourcing Principles and are, amongst other things, intended to identify any Modern Slavery practices. If issues are identified, appropriate investigative and remedial actions will be taken.

Assessment of Modern Slavery risk within our supply chain

In the past year we have focussed our efforts on the high risk areas of our business paying particular attention to temporary labour recruitment. This coming year, we will map our supply chains to assess particular industry/sector and geographical risk. These assessments cover the entire scope of our business, encompassing Operations, Logistics, HR, IT and Procurement, as well as product supply chains.

We will obtain help from external experts to undertake a detailed risk analysis of our sourcing countries and product areas so we will have a clear idea of where the biggest risks lie and where our actions can have a positive impact. In terms of understanding our greatest risk, there are well known reported instances in the recruitment Industry of forced or trafficked labour.

Modern Slavery training

We have trained our key champions in procurement and recruitment in Modern Slavery and human rights and will roll out further training to other key members of staff using internal training methods.

Assessment of effectiveness in preventing Modern Slavery

We understand that Modern Slavery risk is not static, and will continue our approach to mitigating this risk in the year ahead. In order to assess the effectiveness of the measures taken by Pyramid we will be reviewing the following key performance indicators and reporting on them in future Modern Slavery Statements:

• staff training levels;

• actions taken to strengthen supply chain auditing and verification;

• steps taken to upskill our high risk suppliers, and assessing their ability to detect and mitigate modern slavery risk in supply chains; and

• investigations undertaken into reports of Modern Slavery and remedial actions taken in response.

This statement was approved by

Ally Mayer

Managing Director

Pyramid International

18^th February 2026