In accordance with Schedule 19 of Finance Act 2016, this document sets out the Hasbro Group's UK Tax Strategy for the year ending 28 December 2025, specifically:

1. The approach of Hasbro, Inc., and the Hasbro UK entities (collectively “Hasbro”) to risk management and governance arrangements in relation to UK taxation.
2. The attitude of the group towards tax planning (so far as affecting UK taxation) and the level of risk in relation to UK taxation that the group is prepared to accept.
3. The approach of the UK group towards its dealings with HM Revenue and Custom (HMRC).

This policy applies to all Hasbro UK legal entities and permanent establishments, in compliance with their duties set out in paragraphs 19 and 22 (as applicable) of Schedule 19 of Finance Act 2016 to publish a tax strategy in the current fiscal year.

Tax Commitment

Hasbro is a leading games, IP and toy company whose mission is to create joy and community through the magic of play. With over 164 years of expertise, Hasbro delivers groundbreaking play experiences and reaches over 500 million kids, families and fans around the world, through physical and digital games, video games, toys, licensed consumer products, location-based entertainment, film, TV and more.

Through its franchise-first approach, Hasbro unlocks value from both new and legacy IP, including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, MONOPOLY, HASBRO GAMES, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, as well as premier partner brands. Powered by its portfolio of thousands of iconic marks and a diversified network of partners and subsidiary studios, Hasbro brings fans together wherever they are, from tabletop to screen.

For more than a decade, Hasbro has been consistently recognized for its corporate citizenship, including being named one of the 100 Best Corporate Citizens by 3BL Media, a 2025 JUST Capital Industry Leader, one of the 50 Most Community-Minded Companies in the U.S. by the Civic 50, and a Brand that Matters by Fast Company. We are committed to conducting our business responsibly, communicating openly, and acting with integrity. Treating people with fairness, dignity and respect and operating ethically in our supply chain are core values at Hasbro that we uphold through our policies and reinforce through our actions. Our high ethical standards keep our company accountable to stakeholders and aligned with our core business values in everything we do. These ethical standards apply to all areas of Hasbro's business, including tax.

Tax Strategy

The focus of Hasbro's tax strategy is to ensure that the company remains compliant with the relevant and applicable tax laws in each jurisdiction in which it operates. This includes timely and accurate submissions of tax filings and remittance of tax liabilities in all jurisdictions where appropriate.

Tax incentives (such as film and television tax credits) are sometimes implemented by governments and fiscal authorities in order to support investment, employment and economic development. Where these exist, we seek to apply them in the manner intended.

The tax strategy of the UK group is aligned with that of Hasbro, Inc., the ultimate parent company of the Group.

Risk Management and Governance Arrangements

The Hasbro Tax Department is committed to providing the resources and having the processes in place to identify and meet our local and global compliance filing requirements, U.S. SEC reporting for taxes, and respond to and or address any related audit issues arising from such filings. The tax mission to minimize tax risk requires partnering with our corporate and business leaders to continue to remain consistent with the needs and long-term interests of our various stakeholders.

We have a robust governance structure and internal control framework (in compliance with Sarbanes-Oxley and ASC 740-10) in place to responsibly manage the inherent tax risks associated with operating in various jurisdictions globally. Embedding good governance in all areas of our business, including tax, is of utmost importance to our leadership and stakeholders including investors, consumers, advocacy organizations and employees
Hasbro's Chief Financial Officer is ultimately responsible for setting our tax strategy and the governance of tax risks. The day-to-day responsibility for the application of tax strategy and the management of our tax affairs is delegated to the Vice President (VP), Global Tax. The VP, Global Tax is supported by a team of qualified and experienced inhouse tax and finance professionals. The team works with relevant business functions to ensure compliance with all relevant global tax requirements, including in the UK.

Attitude Towards Tax Planning and Level of Risk

Hasbro's tax and risk mitigation strategies are aligned with our business strategy and our ethical standards. Our approach to tax planning and risk is to ensure that we comply with all tax laws and regulations in all jurisdictions in which we operate. Operating in a global environment and in an increasing number of markets, each with its own unique business climate and legislative landscape, presents inherent risks. It is our policy to ensure that we understand the tax rules that apply to our business today as well as plan for how the development of our business and changes in tax laws impact our liabilities in the future.
As global tax rules are inherently complex, external advisors are engaged, when appropriate, to provide independent analysis of the impact of material tax rules changes to our business as well as to assess the tax implications and risks associated with material transactions, issues or strategies.

Relationship with Tax Authorities

As a global company operating in various jurisdictions, Hasbro is subject to regular examinations by tax authorities around the world, including HMRC in the UK We are committed to constructive and transparent engagement with tax authorities in all jurisdictions and to acting with professionalism, honesty, and integrity. In the event of a dispute regarding the appropriate application of tax law or regulation to our business, we will seek to resolve the dispute in a proactive and cooperative manner in order to achieve certainty for our business, when possible.

This policy is published by Hasbro UK Limited, Hasbro Europe (a UK establishment of Hasbro International, Inc.), and HBE Film & TV Holdings UK Limited (formerly Entertainment One UK Holdings Limited), Astley Baker Davies Limited, Hasbro Overseas Holding Limited, Hasbro Consumer Products Licensing Limited, Hasbro Development UK Limited, Hasbro Productions UK Limited and Hasbro Animated Products UK Ltd in respect of the 2025 financial year in compliance with their duties under paragraphs 19 and 22 (as applicable) of Schedule 19 of Finance Act 2016.