Risks and Uncertainties

The principal risks and uncertainties to which the group is exposed are unchanged from those identified in our 2009 Annual Report. The principal risks and uncertainties, together with the group’s strategies to manage them, are set out in the Risks and Uncertainties section of the Annual Report and cover the following areas:

• Technological change and patents
• Legislation
• Global, political and economic conditions
• Environmental liabilities
• Commercial relationships
• Foreign exchange
• Precious metal prices and controls
• Pensions
• Customer market dynamics
• Competitor risk
• Litigation and investigations
• Energy and raw materials
• Credit risk