British Steel Pension Scheme
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Standard Section Investments 2016

Year ended 31 March 2016 Direct Investments Pooled Investment Vehicles Derivatives Total Percentage
£’000 £’000 £’000 £’000 %
Maturity Portfolio
Fixed Interest and Interest/Inflation swaps 8,485,873 10,488 (108,037) 8,388,324 62
Property 575,289 575,289 4
Growth Portfolio
Equities (UK and overseas) 3,360,796 208,328 3,569,124 26
Property 733,931 49,798 783,729 6
Private Equity 111,382 111,382 1
Other 201,223 201,223 1
13,357,112 379,996 (108,037) 13,629,071 100