ITF

DIRECTORS' REPORT The directors of ITF Limited in their capacity as Advisory Commi ee to the ITF Trust present their directors' report and financial statements for the year ended 31 December 2018. Principal Activities The principal ac vi es of the group are the development and administra on of the game of tennis worldwide. Policy and Practice on Payment of Creditors The ITF operates a 30 day payment policy. At the year-end there were 11 days (2017: 13 days) purchases in trade payables. Directors The directors who held office throughout the year were as follows: Katrina Adams Mar n Corrie Ismail El Shafei Sergio Elias Jack Graham David Haggerty Anil Khanna Bernard Guidicelli held office during the year un l his posi on was vacated in July 2018. ATHLETE REPRESENTATIVES TO THE BOARD Mary Pierce Mark Woodforde EMPLOYEES The group is commi ed to employment prac ces, policies and procedures which follow best prac ce, based on equal opportuni es for all employees irrespec ve of gender, race, na onal origin, religion, colour, disability, sexual orienta on, age or marital status. Employees are kept closely involved in major changes affec ng them through such measures as team mee ngs, briefings and internal communica ons. There are well established procedures to ensure that the views of employees are taken into account in reaching decisions. POLITICAL DONATIONS AND EXPENDITURE During the year neither the Trust nor its subsidiaries made poli cal dona ons or incurred poli cal expenditure (2017: nil). Thomas Koenigsfeldt Celia Patrick Aleksei Selivanenko Rene Stammbach Stefan Tzvetkov Bulat Utemuratov DISCLOSURE OF INFORMATION TO AUDITOR The directors who held office at the date of approval of this directors' report confirm that, so far as they are each aware, there is no relevant audit informa on of which the group's auditor is unaware; and each director has taken all the steps that they ought to have taken as a director to make themselves aware of any relevant audit informa on and to establish that the group's auditor is aware of that informa on. STATEMENT OF DIRECTORS' RESPONSIBILITIES The directors of the ITF Limited in their capacity as the Advisory Commi ee to the Trustees ('the directors') are responsible for the prepara on of the non-statutory group financial statements in accordance with Interna onal Financial Repor ng Standards ("IFRS") as adopted by the European Union for enabling them to fulfil their obliga on to ITF Trust to obtain an audit of the group's financial statements. The directors must not approve the non-statutory group financial statements unless they are sa sfied that the non-statutory group financial statements give a true and fair view of the state of affairs of the group and of the profit or loss of the group for that period. In preparing the non- statutory financial statements, the directors are responsible for: ▪ selected suitable accoun ng policies and applied them consistently; ▪ sta ng whether applicable IFRSs as adopted by the European Union have been followed, subject to any material departures disclosed and explained in the financial statements; ▪ making judgements and accoun ng es mates that are reasonable and prudent; and ▪ preparing the non-statutory financial statements on the going concern basis unless it is inappropriate to presume that the group will con nue in business. The directors are also responsible for safeguarding the assets of the group and hence for taking reasonable steps for the preven on and detec on of fraud and other irregulari es. The directors are responsible for keeping adequate accoun ng records that are sufficient to show and explain the group's transac ons and disclose with reasonable accuracy at the me the financial posi on of the group. BY ORDER OF THE BOARD René Stammbach Chairman of the ITF Finance Commi ee David Haggerty Chairman Commi ee Bank Lane, Roehampton, London, SW15 5XZ, UK 18 March 2019 ITF ANNUAL REPORT AND FINANCIAL STATEMENTS / 05

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