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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE PERIOD ENDED 31 DECEMBER 2018 CONFIDENTIAL 47 Chair’s Statement

Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

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Page 1: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE PERIOD ENDED 31 DECEMBER 2018

CONFIDENTIAL 47

Chair’s Statement

Page 2: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

CONFIDENTIAL 48

Page 3: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

CONFIDENTIAL 49

Page 4: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

CONFIDENTIAL 50

Page 5: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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Page 6: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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Page 7: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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Page 8: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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Page 9: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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Page 10: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

CONFIDENTIAL 56

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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Page 12: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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Page 13: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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Page 16: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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Page 17: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

CONFIDENTIAL 66

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

CONFIDENTIAL 67

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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Page 41: Trustees Annual Report and Accounts - Stena Line · stena (2016) retirement benefits scheme report for the year ended 31 december 2018 chair’s statement (cont) confidential 48

STENA (2016) RETIREMENT BENEFITS SCHEME REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

Chair’s Statement (Cont)

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