RTS 28

As a financial advisory firm that is subject to the second Markets in Financial Instruments Directive (MiFID II) Lowes Financial Management Ltd (Lowes) are required to publish, on an annual basis, a statement of the five entities used for the transmission and placing of clients orders, during the previous year.

This report covers the period of 1st January 2018 to 31st of December 2018.

In accordance with regulatory requirements this report is aimed at Lowes clients, although it must be publicly disclosed and we have chosen to publish it on our website. The aim is to provide meaningful information to the clients of Lowes, for them to effectively assess the execution quality achieved by the firm during the year.

The following table shows the top 5 venues to whom Lowes routed client orders during the reportable period.