Top 5 Venue Information

1^st January 2017 – 31^st December 2017

Top 5 Venues for Retail Clients

Class of Instrument	Equities
Notification if <1 average trade per business day in the previous year	N
Top five execution venues ranked in terms of trading volumes (descending order)	Proportion of volume traded as a percentage of total in that class	Proportion of orders executed as percentage of total in that class	Percentage of passive orders	Percentage of aggressive orders	Percentage of directed orders
Redmayne Bentley (LEI: 213800S3IRIPK1R3JQ58)	100%	100%	0%	100%	0%

Class of Instrument	Debit Instruments
Notification if <1 average trade per business day in the previous year	Y
Top five execution venues ranked in terms of trading volumes (descending order)	Proportion of volume traded as a percentage of total in that class	Proportion of orders executed as percentage of total in that class	Percentage of passive orders	Percentage of aggressive orders	Percentage of directed orders
Redmayne Bentley (LEI: 213800S3IRIPK1R3JQ58)	100%	100%	0%	100%	0%

Williams Investment Management LLP has only Retail clients currently. If it acquires any Professional clients they will be treated as Retail for the purpose of Best Execution.

1^st January 2018 – 31^st December 2018

Top 5 Venues for Retail Clients

Class of Instrument	Equities
Notification if <1 average trade per business day in the previous year	N
Top five execution venues ranked in terms of trading volumes (descending order)	Proportion of volume traded as a percentage of total in that class	Proportion of orders executed as percentage of total in that class	Percentage of passive orders	Percentage of aggressive orders	Percentage of directed orders
Redmayne Bentley (LEI: 213800S3IRIPK1R3JQ58)	100%	100%	0%	100%	0%

Class of Instrument	Debit Instruments
Notification if <1 average trade per business day in the previous year	Y
Top five execution venues ranked in terms of trading volumes (descending order)	Proportion of volume traded as a percentage of total in that class	Proportion of orders executed as percentage of total in that class	Percentage of passive orders	Percentage of aggressive orders	Percentage of directed orders
Redmayne Bentley (LEI: 213800S3IRIPK1R3JQ58)	100%	100%	0%	100%	0%

Williams Investment Management LLP has only Retail clients currently. If it acquires any Professional clients they will be treated as Retail for the purpose of Best Execution.

1^st January 2019 – 31^st December 2019

Top 5 Venues for Retail Clients

Class of Instrument	Equities – (from 0 to 79 trades per day)
Notification if <1 average trade per business day in the previous year	N
Top five execution venues ranked in terms of trading volumes (descending order)	Proportion of volume traded as a percentage of total in that class	Proportion of orders executed as percentage of total in that class	Percentage of passive orders	Percentage of aggressive orders	Percentage of directed orders
Redmayne Bentley (LEI: 213800S3IRIPK1R3JQ58)	100%	100%	0%	100%	0%

Class of Instrument	Debit Instruments
Notification if <1 average trade per business day in the previous year	Y
Top five execution venues ranked in terms of trading volumes (descending order)	Proportion of volume traded as a percentage of total in that class	Proportion of orders executed as percentage of total in that class	Percentage of passive orders	Percentage of aggressive orders	Percentage of directed orders
Redmayne Bentley (LEI: 213800S3IRIPK1R3JQ58)	100%	100%	0%	100%	0%

Williams Investment Management currently only have Retail clients. Should we acquire any Professional clients they would be treated as Retail for the purpose of Best Execution.

1^st January 2020 – 31^st December 2020

Top 5 Venues for Retail Clients

Class of Instrument	Equities – (from 0 to 79 trades per day)
Notification if <1 average trade per business day in the previous year	N
Top five execution venues ranked in terms of trading volumes (descending order)	Proportion of volume traded as a percentage of total in that class	Proportion of orders executed as percentage of total in that class	Percentage of passive orders	Percentage of aggressive orders	Percentage of directed orders
Redmayne Bentley (LEI: 213800S3IRIPK1R3JQ58)	100%	100%	0%	100%	0%

Class of Instrument	Debit Instruments
Notification if <1 average trade per business day in the previous year	Y
Top five execution venues ranked in terms of trading volumes (descending order)	Proportion of volume traded as a percentage of total in that class	Proportion of orders executed as percentage of total in that class	Percentage of passive orders	Percentage of aggressive orders	Percentage of directed orders
Redmayne Bentley (LEI: 213800S3IRIPK1R3JQ58)	100%	100%	0%	100%	0%

Williams Investment Management currently only have Retail clients. Should we acquire any Professional clients they would be treated as Retail for the purpose of Best Execution.