Warner Bros. UK Legal Documents

Section 172(1) statements for qualifying Warner Bros. UK companies are available below:

  1. Warner Bros. Entertainment UK Limited
  2. Warner Bros. Studios Leavesden Limited
  3. TT Games Limited
  4. TT Games Studios Limited
  5. Playdemic Limited
  6. Warner Bros. International Television Production Limited
  7. Warner Bros. Television Production UK Limited
  8. Warner Bros. Productions Limited
  9. Shed Media Limited
  10. WB/TT Holdings Limited

[And, each of the above underlined company names should link to the relevant s 172(1) statement for that company (on the same webpage), each statement as set out below:]

Warner Bros. Entertainment UK Limited

Section 172(1) Statement for the Year Ended 31 December 2021

Introduction

Each of the directors of the Company are aware of their obligation to act in the way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole, and in doing so to have regard (amongst other matters) to the matters set out in paragraphs (a) to (f) of Section 172(1) of the Companies Act 2006 (“Section 172(1)”). 

In promoting the success of the Company, the directors consider that having regard to the likely consequences of any decision in the long term, the interests of the Company’s employees, the need to foster the Company’s business relationships with suppliers, customers and others, the impact of the Company’s operations on the community and the environment, and the Company maintaining a reputation for high standards of business conduct (as set out in paragraphs (a) to (e) of Section 172(1)) are of particular importance. The directors note that the need to act fairly as between members (i.e., shareholders) of the company (as set out in paragraph (f) of Section 172(1)) requires less consideration in standard decision-making processes, given that the Company has only a single member.

Each of the policies and programmes as set out below have informed and guided the directors as to how the promotion of the success of the Company for the benefit of its members as a whole should be achieved with regard to the matters set out in paragraphs (a) to (e) of Section 172(1).

Standards of business conduct

The directors consider that an important aspect of promoting the success of the Company is their commitment to running the Company’s business according to high standards of ethics and integrity. That commitment begins with the Company’s adoption of its group policy, the WarnerMedia Standards of Business Conduct (“SBC”), which applies to all Company officers and employees. 

The underlying principles of the SBC are that the Company’s officers and employees shall act with integrity; maintain a professional workplace; respect and protect intellectual property; protect the confidentiality, security and integrity of the Company’s records, information and assets; avoid conflicts of interest and compete fairly and ethically in the global marketplace.

The interests of the Company’s employees

The Company operates a framework for employee information and consultation. During the year, the policy of providing employees with information about the Company has been continued through various means, including direct ‘Employee Communications’ emails, emails from local management and through the intranet site, and through regular meetings held between local management and employees to allow a free flow of information and ideas, such as meetings where employees are encouraged to present their suggestions and views. The Company also provides employees with access to an Employee Assistance Programme, which provides a confidential support line and a range of support, including information on issues such as family care, education, finance and debt and counselling. Certain employees may share in the financial success of the group by being granted Warner Bros. Discovery, Inc. stock options or restricted stock units.

Signed on behalf of the board by R J Friend, Director

Date: September 9, 2022

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Warner Bros. Studios Leavesden Limited

Section 172(1) Statement for the Year Ended 31 December 2021

Introduction

Each of the directors of the Company are aware of their obligation to act in the way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole, and in doing so to have regard (amongst other matters) to the matters set out in paragraphs (a) to (f) of Section 172(1) of the Companies Act 2006 (“Section 172(1)”). 

In promoting the success of the Company, the directors consider that having regard to the likely consequences of any decision in the long term, the interests of the Company’s employees, the need to foster the Company’s business relationships with suppliers, customers and others, the impact of the Company’s operations on the community and the environment, and the Company maintaining a reputation for high standards of business conduct (as set out in paragraphs (a) to (e) of Section 172(1)) are of particular importance. The directors note that the need to act fairly as between members (i.e., shareholders) of the company (as set out in paragraph (f) of Section 172(1)) requires less consideration in standard decision-making processes, given that the Company has only a single member.

Each of the policies and programmes as set out below have informed and guided the directors as to how the promotion of the success of the Company for the benefit of its members as a whole should be achieved with regard to the matters set out in paragraphs (a) to (e) of Section 172(1).

Standards of business conduct

The directors consider that an important aspect of promoting the success of the Company is their commitment to running the Company’s business according to high standards of ethics and integrity. That commitment begins with the Company’s adoption of its group policy, the WarnerMedia Standards of Business Conduct (“SBC”), which applies to all Company officers and employees. 

The underlying principles of the SBC are that the Company’s officers and employees shall act with integrity; maintain a professional workplace; respect and protect intellectual property; protect the confidentiality, security and integrity of the Company’s records, information and assets; avoid conflicts of interest and compete fairly and ethically in the global marketplace.

The interests of the Company’s employees

The Company operates a framework for employee information and consultation. During the year, the policy of providing employees with information about the Company has been continued through various means, including direct ‘Employee Communications’ emails, emails from local management and through the intranet site, and through regular meetings held between local management and employees to allow a free flow of information and ideas, such as meetings where employees are encouraged to present their suggestions and views. The Company also provides employees with access to an Employee Assistance Programme, which provides a confidential support line and a range of support, including information on issues such as family care, education, finance and debt and counselling. Certain employees may share in the financial success of the group by being granted Warner Bros. Discovery, Inc. stock options or restricted stock units.

Fostering business relationships with suppliers, customers and others

One of the key principals of the SBC is that the Company should compete fairly and ethically in the global marketplace. In addition, the SBC provides that officers and employees should deal fairly and ethically with our customers, service providers, suppliers, competitors, colleagues and government officials and agencies.

The impact of the Company’s operations on the community and the environment

Each of the directors engages with employees, suppliers and customers, and other business partners on a regular basis, via a variety of meetings as required in performing their roles as executives of the Company.

The Company supports Warner Bros. Creative Talent, a multi award-winning programme that develops diverse, emerging talent from all backgrounds. Established in 2013, it identifies and incubates a pipeline for the UK’s creative industries, in film, TV, games and theatre, via scholarships, apprenticeships, work and training placements, mentoring and masterclasses.

Through corporate policy and Company-wide participation, the Company’s environmental programs support the Company’s business objectives of efficiency, strategic growth and sustainability.

Signed on behalf of the board by D. Bisoni, Director

Date: September 5, 2022

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TT Games Limited

Section 172(1) Statement for the Year Ended 31 December 2021

Introduction

Each of the directors of the Company are aware of their obligation to act in the way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole, and in doing so to have regard (amongst other matters) to the matters set out in paragraphs (a) to (f) of Section 172(1) of the Companies Act 2006 (“Section 172(1)”). 

In promoting the success of the Company, the directors consider that having regard to the likely consequences of any decision in the long term, the interests of the Company’s employees, the need to foster the Company’s business relationships with suppliers, customers and others, the impact of the Company’s operations on the community and the environment, and the Company maintaining a reputation for high standards of business conduct (as set out in paragraphs (a) to (e) of Section 172(1)) are of particular importance. The directors note that the need to act fairly as between members (i.e., shareholders) of the company (as set out in paragraph (f) of Section 172(1)) requires less consideration in standard decision-making processes, given that the Company has only a single member.

Each of the policies and programmes as set out below have informed and guided the directors as to how the promotion of the success of the Company for the benefit of its members as a whole should be achieved with regard to the matters set out in paragraphs (a) to (e) of Section 172(1).

Standards of business conduct

The directors consider that an important aspect of promoting the success of the Company is their commitment to running the Company’s business according to high standards of ethics and integrity. That commitment begins with the Company’s adoption of its group policy, the WarnerMedia Standards of Business Conduct (“SBC”), which applies to all Company officers and employees. 

The underlying principles of the SBC are that the Company’s officers and employees shall act with integrity; maintain a professional workplace; respect and protect intellectual property; protect the confidentiality, security and integrity of the Company’s records, information and assets; avoid conflicts of interest and compete fairly and ethically in the global marketplace.

The interests of the Company’s employees

The Company operates a framework for employee information and consultation. During the year, the policy of providing employees with information about the Company has been continued through various means, including direct ‘Employee Communications’ emails, emails from local management and through the intranet site, and through regular meetings held between local management and employees to allow a free flow of information and ideas, such as meetings where employees are encouraged to present their suggestions and views. The Company also provides employees with access to an Employee Assistance Programme, which provides a confidential support line and a range of support, including information on issues such as family care, education, finance and debt and counselling. Certain employees may share in the financial success of the group by being granted Warner Bros. Discovery, Inc. stock options or restricted stock units.

Fostering business relationships with suppliers, customers and others

One of the key principals of the SBC is that the Company should compete fairly and ethically in the global marketplace. In addition, the SBC provides that officers and employees should deal fairly and ethically with our customers, service providers, suppliers, competitors, colleagues and government officials and agencies.

The impact of the Company’s operations on the community and the environment

Each of the directors engages with employees, suppliers and customers, and other business partners on a regular basis, via a variety of meetings as required in performing their roles as executives of the Company.

The Company supports Warner Bros. Creative Talent, a multi award-winning programme that develops diverse, emerging talent from all backgrounds. Established in 2013, it identifies and incubates a pipeline for the UK’s creative industries, in film, TV, games and theatre, via scholarships, apprenticeships, work and training placements, mentoring and masterclasses.

Through corporate policy and Company-wide participation, the Company’s environmental programs support the Company’s business objectives of efficiency, strategic growth and sustainability.

Signed on behalf of the board by J. S. Gilbert-Rolfe, Director

Date: September 7, 2022

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TT Games Studios Limited

Section 172(1) Statement for the Year Ended 31 December 2021

Introduction

Each of the directors of the Company are aware of their obligation to act in the way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole, and in doing so to have regard (amongst other matters) to the matters set out in paragraphs (a) to (f) of Section 172(1) of the Companies Act 2006 (“Section 172(1)”). 

In promoting the success of the Company, the directors consider that having regard to the likely consequences of any decision in the long term, the interests of the Company’s employees, the need to foster the Company’s business relationships with suppliers, customers and others, the impact of the Company’s operations on the community and the environment, and the Company maintaining a reputation for high standards of business conduct (as set out in paragraphs (a) to (e) of Section 172(1)) are of particular importance. The directors note that the need to act fairly as between members (i.e., shareholders) of the company (as set out in paragraph (f) of Section 172(1)) requires less consideration in standard decision-making processes, given that the Company has only a single member.

Each of the policies and programmes as set out below have informed and guided the directors as to how the promotion of the success of the Company for the benefit of its members as a whole should be achieved with regard to the matters set out in paragraphs (a) to (e) of Section 172(1).

Standards of business conduct

The directors consider that an important aspect of promoting the success of the Company is their commitment to running the Company’s business according to high standards of ethics and integrity. That commitment begins with the Company’s adoption of its group policy, the WarnerMedia Standards of Business Conduct (“SBC”), which applies to all Company officers and employees. 

The underlying principles of the SBC are that the Company’s officers and employees shall act with integrity; maintain a professional workplace; respect and protect intellectual property; protect the confidentiality, security and integrity of the Company’s records, information and assets; avoid conflicts of interest and compete fairly and ethically in the global marketplace.

The interests of the Company’s employees

The Company operates a framework for employee information and consultation. During the year, the policy of providing employees with information about the Company has been continued through various means, including direct ‘Employee Communications’ emails, emails from local management and through the intranet site, and through regular meetings held between local management and employees to allow a free flow of information and ideas, such as meetings where employees are encouraged to present their suggestions and views. The Company also provides employees with access to an Employee Assistance Programme, which provides a confidential support line and a range of support, including information on issues such as family care, education, finance and debt and counselling. Certain employees may share in the financial success of the group by being granted Warner Bros. Discovery, Inc. stock options or restricted stock units.

Fostering business relationships with suppliers, customers and others

One of the key principals of the SBC is that the Company should compete fairly and ethically in the global marketplace. In addition, the SBC provides that officers and employees should deal fairly and ethically with our customers, service providers, suppliers, competitors, colleagues and government officials and agencies.

The impact of the Company’s operations on the community and the environment

Each of the directors engages with employees, suppliers and customers, and other business partners on a regular basis, via a variety of meetings as required in performing their roles as executives of the Company.

The Company supports Warner Bros. Creative Talent, a multi award-winning programme that develops diverse, emerging talent from all backgrounds. Established in 2013, it identifies and incubates a pipeline for the UK’s creative industries, in film, TV, games and theatre, via scholarships, apprenticeships, work and training placements, mentoring and masterclasses.

Through corporate policy and Company-wide participation, the Company’s environmental programs support the Company’s business objectives of efficiency, strategic growth and sustainability.

Signed on behalf of the board by J. S. Gilbert-Rolfe, Director

Date: September 7, 2022

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Playdemic Limited

Section 172(1) Statement for the Year Ended 31 December 2020

Introduction

Each of the directors of the Company are aware of their obligation to act in the way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole, and in doing so to have regard (amongst other matters) to the matters set out in paragraphs (a) to (f) of Section 172(1) of the Companies Act 2006 (“Section 172(1)”). 

In promoting the success of the Company, the directors consider that having regard to the likely consequences of any decision in the long term, the interests of the Company’s employees, the need to foster the Company’s business relationships with suppliers, customers and others, the impact of the Company’s operations on the community and the environment, and the Company maintaining a reputation for high standards of business conduct (as set out in paragraphs (a) to (e) of Section 172(1)) are of particular importance. The directors note that the need to act fairly as between members (i.e., shareholders) of the company (as set out in paragraph (f) of Section 172(1)) requires less consideration in standard decision-making processes, given that the Company has only a single member.

Each of the policies and programmes as set out below have informed and guided the directors as to how the promotion of the success of the Company for the benefit of its members as a whole should be achieved with regard to the matters set out in paragraphs (a) to (e) of Section 172(1).

Standards of business conduct

The directors consider that an important aspect of promoting the success of the Company is their commitment to running the Company’s business according to high standards of ethics and integrity. That commitment begins with the Company’s adoption of its group policy, the WarnerMedia Standards of Business Conduct (“SBC”), which applies to all Company officers and employees. 

The underlying principles of the SBC are that the Company’s officers and employees shall act with integrity; maintain a professional workplace; respect and protect intellectual property; protect the confidentiality, security and integrity of the Company’s records, information and assets; avoid conflicts of interest and compete fairly and ethically in the global marketplace.

The interests of the Company’s employees

The Company operates a framework for employee information and consultation. During the year, the policy of providing employees with information about the Company has been continued through various means, including direct ‘Employee Communications’ emails, emails from local management and through the intranet site, and through regular meetings held between local management and employees to allow a free flow of information and ideas, such as meetings where employees are encouraged to present their suggestions and views. The Company also provides employees with access to an Employee Assistance Programme, which provides a confidential support line and a range of support, including information on issues such as family care, education, finance and debt and counselling. Certain employees may share in the financial success of the group by being granted AT&T Inc. stock options or restricted stock units.

Fostering business relationships with suppliers, customers and others

One of the key principals of the SBC is that the Company should compete fairly and ethically in the global marketplace. In addition, the SBC provides that officers and employees should deal fairly and ethically with our customers, service providers, suppliers, competitors, colleagues and government officials and agencies.

The impact of the Company’s operations on the community and the environment

Each of the directors engages with employees, suppliers and customers, and other business partners on a regular basis, via a variety of meetings as required in performing their roles as executives of the Company.

The Company supports Warner Bros. Creative Talent, a multi award-winning programme that develops diverse, emerging talent from all backgrounds. Established in 2013, it identifies and incubates a pipeline for the UK’s creative industries, in film, TV, games and theatre, via scholarships, apprenticeships, work and training placements, mentoring and masterclasses.

Through corporate policy and Company-wide participation, the Company’s environmental programs support the Company’s business objectives of efficiency, strategic growth and sustainability.

Signed on behalf of the board by J. S. Gilbert-Rolfe, Director

Date: September 10, 2021

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Warner Bros. International Television Production Limited

Section 172(1) Statement for the Year Ended 31 December 2020

Introduction

Each of the directors of the Company are aware of their obligation to act in the way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole, and in doing so to have regard (amongst other matters) to the matters set out in paragraphs (a) to (f) of Section 172(1) of the Companies Act 2006 (“Section 172(1)”). 

In promoting the success of the Company, the directors consider that having regard to the likely consequences of any decision in the long term, the interests of the Company’s employees, the need to foster the Company’s business relationships with suppliers, customers and others, the impact of the Company’s operations on the community and the environment, and the Company maintaining a reputation for high standards of business conduct (as set out in paragraphs (a) to (e) of Section 172(1)) are of particular importance. The directors note that the need to act fairly as between members (i.e., shareholders) of the company (as set out in paragraph (f) of Section 172(1)) requires less consideration in standard decision-making processes, given that the Company has only a single member.

Each of the policies and programmes as set out below have informed and guided the directors as to how the promotion of the success of the Company for the benefit of its members as a whole should be achieved with regard to the matters set out in paragraphs (a) to (e) of Section 172(1).

Standards of business conduct

The directors consider that an important aspect of promoting the success of the Company is their commitment to running the Company’s business according to high standards of ethics and integrity. That commitment begins with the Company’s adoption of its group policy, the WarnerMedia Standards of Business Conduct (“SBC”), which applies to all Company officers and employees. 

The underlying principles of the SBC are that the Company’s officers and employees shall act with integrity; maintain a professional workplace; respect and protect intellectual property; protect the confidentiality, security and integrity of the Company’s records, information and assets; avoid conflicts of interest and compete fairly and ethically in the global marketplace.

The interests of the Company’s employees

The Company operates a framework for employee information and consultation. During the year, the policy of providing employees with information about the Company has been continued through various means, including direct ‘Employee Communications’ emails, emails from local management and through the intranet site, and through regular meetings held between local management and employees to allow a free flow of information and ideas, such as meetings where employees are encouraged to present their suggestions and views. The Company also provides employees with access to an Employee Assistance Programme, which provides a confidential support line and a range of support, including information on issues such as family care, education, finance and debt and counselling. Certain employees may share in the financial success of the group by being granted AT&T Inc. stock options or restricted stock units.

Fostering business relationships with suppliers, customers and others

One of the key principals of the SBC is that the Company should compete fairly and ethically in the global marketplace. In addition, the SBC provides that officers and employees should deal fairly and ethically with our customers, service providers, suppliers, competitors, colleagues and government officials and agencies.

The impact of the Company’s operations on the community and the environment

Each of the directors engages with employees, suppliers and customers, and other business partners on a regular basis, via a variety of meetings as required in performing their roles as executives of the Company.

The Company supports Warner Bros. Creative Talent, a multi award-winning programme that develops diverse, emerging talent from all backgrounds. Established in 2013, it identifies and incubates a pipeline for the UK’s creative industries, in film, TV, games and theatre, via scholarships, apprenticeships, work and training placements, mentoring and masterclasses.

Through corporate policy and Company-wide participation, the Company’s environmental programs support the Company’s business objectives of efficiency, strategic growth and sustainability.

Signed on behalf of the board by W. A. Ogilvie, Director

Date: October 13, 2022

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Warner Bros. Television Production UK Limited

Section 172(1) Statement for the Year Ended 31 December 2021

Introduction

Each of the directors of the Company are aware of their obligation to act in the way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole, and in doing so to have regard (amongst other matters) to the matters set out in paragraphs (a) to (f) of Section 172(1) of the Companies Act 2006 (“Section 172(1)”). 

In promoting the success of the Company, the directors consider that having regard to the likely consequences of any decision in the long term, the interests of the Company’s employees, the need to foster the Company’s business relationships with suppliers, customers and others, the impact of the Company’s operations on the community and the environment, and the Company maintaining a reputation for high standards of business conduct (as set out in paragraphs (a) to (e) of Section 172(1)) are of particular importance. The directors note that the need to act fairly as between members (i.e., shareholders) of the company (as set out in paragraph (f) of Section 172(1)) requires less consideration in standard decision-making processes, given that the Company has only a single member.

Each of the policies and programmes as set out below have informed and guided the directors as to how the promotion of the success of the Company for the benefit of its members as a whole should be achieved with regard to the matters set out in paragraphs (a) to (e) of Section 172(1).

Standards of business conduct

The directors consider that an important aspect of promoting the success of the Company is their commitment to running the Company’s business according to high standards of ethics and integrity. That commitment begins with the Company’s adoption of its group policy, the WarnerMedia Standards of Business Conduct (“SBC”), which applies to all Company officers and employees. 

The underlying principles of the SBC are that the Company’s officers and employees shall act with integrity; maintain a professional workplace; respect and protect intellectual property; protect the confidentiality, security and integrity of the Company’s records, information and assets; avoid conflicts of interest and compete fairly and ethically in the global marketplace.

The interests of the Company’s employees

The Company operates a framework for employee information and consultation. During the year, the policy of providing employees with information about the Company has been continued through various means, including direct ‘Employee Communications’ emails, emails from local management and through the intranet site, and through regular meetings held between local management and employees to allow a free flow of information and ideas, such as meetings where employees are encouraged to present their suggestions and views. The Company also provides employees with access to an Employee Assistance Programme, which provides a confidential support line and a range of support, including information on issues such as family care, education, finance and debt and counselling. Certain employees may share in the financial success of the group by being granted Warner Bros. Discovery Inc. stock options or restricted stock units.

Fostering business relationships with suppliers, customers and others

One of the key principals of the SBC is that the Company should compete fairly and ethically in the global marketplace. In addition, the SBC provides that officers and employees should deal fairly and ethically with our customers, service providers, suppliers, competitors, colleagues and government officials and agencies.

The impact of the Company’s operations on the community and the environment

Each of the directors engages with employees, suppliers and customers, and other business partners on a regular basis, via a variety of meetings as required in performing their roles as executives of the Company.

The Company supports Warner Bros. Creative Talent, a multi award-winning programme that develops diverse, emerging talent from all backgrounds. Established in 2013, it identifies and incubates a pipeline for the UK’s creative industries, in film, TV, games and theatre, via scholarships, apprenticeships, work and training placements, mentoring and masterclasses.

Through corporate policy and Company-wide participation, the Company’s environmental programs support the Company’s business objectives of efficiency, strategic growth and sustainability.

Signed on behalf of the board by W. A. Ogilvie, Director

Date: September 28, 2022

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Warner Bros. Productions Limited

Section 172(1) Statement for the Year Ended 31 December 2021

Introduction

Each of the directors of the Company are aware of their obligation to act in the way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole, and in doing so to have regard (amongst other matters) to the matters set out in paragraphs (a) to (f) of Section 172(1) of the Companies Act 2006 (“Section 172(1)”). 

In promoting the success of the Company, the directors consider that having regard to the likely consequences of any decision in the long term, the interests of the Company’s employees, the need to foster the Company’s business relationships with suppliers, customers and others, the impact of the Company’s operations on the community and the environment, and the Company maintaining a reputation for high standards of business conduct (as set out in paragraphs (a) to (e) of Section 172(1)) are of particular importance. The directors note that the need to act fairly as between members (i.e., shareholders) of the company (as set out in paragraph (f) of Section 172(1)) requires less consideration in standard decision-making processes, given that the Company has only a single member.

Each of the policies and programmes as set out below have informed and guided the directors as to how the promotion of the success of the Company for the benefit of its members as a whole should be achieved with regard to the matters set out in paragraphs (a) to (e) of Section 172(1).

Standards of business conduct

The directors consider that an important aspect of promoting the success of the Company is their commitment to running the Company’s business according to high standards of ethics and integrity. That commitment begins with the Company’s adoption of its group policy, the WarnerMedia Standards of Business Conduct (“SBC”), which applies to all Company officers and employees. 

The underlying principles of the SBC are that the Company’s officers and employees shall act with integrity; maintain a professional workplace; respect and protect intellectual property; protect the confidentiality, security and integrity of the Company’s records, information and assets; avoid conflicts of interest and compete fairly and ethically in the global marketplace.

The interests of the Company’s employees

The Company operates a framework for employee information and consultation. During the year, the policy of providing employees with information about the Company has been continued through various means, including direct ‘Employee Communications’ emails, emails from local management and through the intranet site, and through regular meetings held between local management and employees to allow a free flow of information and ideas, such as meetings where employees are encouraged to present their suggestions and views. The Company also provides employees with access to an Employee Assistance Programme, which provides a confidential support line and a range of support, including information on issues such as family care, education, finance and debt and counselling. Certain employees may share in the financial success of the group by being granted Warner Bros. Discovery, Inc. stock options or restricted stock units.

Fostering business relationships with suppliers, customers and others

One of the key principals of the SBC is that the Company should compete fairly and ethically in the global marketplace. In addition, the SBC provides that officers and employees should deal fairly and ethically with our customers, service providers, suppliers, competitors, colleagues and government officials and agencies.

The impact of the Company’s operations on the community and the environment

Each of the directors engages with employees, suppliers and customers, and other business partners on a regular basis, via a variety of meetings as required in performing their roles as executives of the Company.

The Company supports Warner Bros. Creative Talent, a multi award-winning programme that develops diverse, emerging talent from all backgrounds. Established in 2013, it identifies and incubates a pipeline for the UK’s creative industries, in film, TV, games and theatre, via scholarships, apprenticeships, work and training placements, mentoring and masterclasses.

Through corporate policy and Company-wide participation, the Company’s environmental programs support the Company’s business objectives of efficiency, strategic growth and sustainability.

Signed on behalf of the board by T. Hammond, Director

Date: September 12, 2022

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Shed Media Limited

Section 172(1) Statement for the Year Ended 31 December 2021

Each of the directors of the Company are aware of their obligation to act in the way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole, and in doing so to have regard (amongst other matters) to the matters set out in paragraphs (a) to (f) of Section 172(1) of the Companies Act 2006 (“Section 172(1)”). 

As the Company is a holding company with a single member, without employees and without its own significant business activities, the directors consider that having regard to the likely consequences of any decision in the long term and the Company maintaining a reputation for high standards of business conduct (as set out in paragraphs (a) and (e) of Section 172(1)) are of primary importance in promoting the success of the Company.

The directors consider that a particularly important aspect of promoting the success of the Company is their commitment to running the Company’s business according to high standards of ethics and integrity. That commitment begins with the Company’s adoption of its group policy, the WarnerMedia Standards of Business Conduct (“SBC”). 

The underlying principles of the SBC are that the Company’s officers and employees shall act with integrity; maintain a professional workplace; respect and protect intellectual property; protect the confidentiality, security and integrity of the Company’s records, information and assets; avoid conflicts of interest and compete fairly and ethically in the global marketplace.

Signed on behalf of the board by W. A. Ogilvie, Director

Date: June 28, 2022

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WB/TT Holdings Limited

Section 172(1) Statement for the Year Ended 31 December 2021

Each of the directors of the Company are aware of their obligation to act in the way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole, and in doing so to have regard (amongst other matters) to the matters set out in paragraphs (a) to (f) of Section 172(1) of the Companies Act 2006 (“Section 172(1)”). 

As the Company is a holding company with a single member, without employees and without its own significant business activities, the directors consider that having regard to the likely consequences of any decision in the long term and the Company maintaining a reputation for high standards of business conduct (as set out in paragraphs (a) and (e) of Section 172(1)) are of primary importance in promoting the success of the Company.

The directors consider that a particularly important aspect of promoting the success of the Company is their commitment to running the Company’s business according to high standards of ethics and integrity. That commitment begins with the Company’s adoption of its group policy, the WarnerMedia Standards of Business Conduct (“SBC”). 

The underlying principles of the SBC are that the Company’s officers and employees shall act with integrity; maintain a professional workplace; respect and protect intellectual property; protect the confidentiality, security and integrity of the Company’s records, information and assets; avoid conflicts of interest and compete fairly and ethically in the global marketplace.

Signed on behalf of the board by J. S. Gilbert-Rolfe, Director

Date: September 12, 2022

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