ITF

Katrina Adams Martin Corrie Jack Graham David Haggerty Anil Khanna Aleksei Selivanenko Rene Stammbach Stefan Tzvetkov Bulat Utemuratov Athlete Representatives to the Board: Mary Pierce Mark Woodforde The directors who held office and resigned on 27 September 2019 were as follows: Ismail El Shafei Sergio Elias Thomas Koenigsfeldt Celia Patrick The directors who were appointed on 27 September 2019 and hold office are as follows: Carlos Bravos Bernard Giudicelli Nao Kawatei Ulrich Klaus Salma Mouelhi Guizani Camilo Pérez López Moreira - - - - By order of the Board David Haggerty René Stammbach President Chairman of the Finance Committee ITF, Bank Lane, Roehampton, London SW15 5XZ, United Kingdom 9 March 2020 Principal Activities The directors of ITF Limited in their capacity as Advisory Committee to the ITF Trust present their directors' report and financial statements for the year ended 31 December 2019. The ITF operates a 30-day payment policy. At the year-end there were 26 days (2018: 11 days) purchases in trade payables. Directors The principal activities of the group are the development and administration of the sport of tennis worldwide. Policy and Practice on Payment of Creditors The directors are also responsible for safeguarding the assets of the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors who held office throughout the year were as follows: The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group's transactions and disclose with reasonable accuracy at the time the financial position of the group. Employees The directors of ITF Limited in their capacity as the Advisory Committee to the Trustees ('the directors') are responsible for the preparation of the non-statutory group financial statements in accordance with International Financial Reporting Standards ('IFRS') as adopted by the European Union for enabling them to fulfil their obligation 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 satisfied 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: selecting suitable accounting policies and then applying them consistently; stating 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 accounting estimates 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 continue in business. The group is committed to employment practices, policies and procedures which follow best practice, based on equal opportunities for all employees irrespective of gender, race, national origin, religion, colour, disability, sexual orientation, age or marital status. Employees are kept closely involved in major changes affecting them through such measures as team meetings, briefings and internal communications. 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 political donations or incurred political expenditure (2018: nil). Disclosure of Information to Auditors 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 information 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 information and to establish that the group's auditor is aware of that information. Statement of Directors' Responsibilities in Respect of the Financial Statements DIRECTORS' REPORT 5

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