ITF

Katrina Adams Carlos Bravos Martin Corrie Bernard Giudicelli Jack Graham David Haggerty Nao Kawatei Anil Khanna Ulrich Klaus Aleksei Selivanenko Rene Stammbach Stefan Tzvetkov Bulat Utemuratov Salma Mouelhi Guizani Camilo Pérez López Moreira Athlete Representatives to the Board: Mary Pierce Mark Woodforde - - - - By order of the Board David Haggerty René Stammbach President Chairman of the Finance Committee ITF, Bank Lane, Roehampton, London SW15 5XZ, United Kingdom 16 March 2021 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 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 trustee ('the directors') are responsible for preparing the non-statutory group financial statements in accordance with International Financial Reporting Standards ('IFRSs') as adopted by the European Union for enabling them to fulfil their obligation to ITF Trust to obtain a non-statutory audit of the group's financial statements. The directors must not approve the financial statements unless they are satisfied that they 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 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 (2019: 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 The ITF operates a 30-day payment policy. At the year-end there were 20 days (2019: 26 days) purchases in trade payables. 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 2020. DIRECTORS' REPORT 5

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