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Message
From: Henry Stauntorsro} [/O=EXCHANGELABS/OU=EXCHANGE ADMINISTRATIVE GROUP
(FYDIBOHF23SPDLT)/CN=RECIPIENTS/CN=3D6065E4ESCO4A1D9SC4B44D8C62E745-F80ED2DF-B2]
Sent: 25/11/2023 12:02:43
To: Nick Read [/o=ExchangeLabs/ou=Exchange Administrative Group
(FYDIBOHF23SPDLT)/cn=Recipients/cn=88d3472cffe848e2963246bc052f9f39-Nick Read1]
Subject: Re: Today
Post Office Limited - Document Classification: INTERNAL
Nick ,
I drove home yesterday and had to deal with a number of calls from both Saf and Eliot . I will not repeat some
of their comments but I am annoyed that this has blown up . They think that Ben is stirring this thing up even
though it has been investigated , found the differences to be de minimus and well within differences that may
arise on a trading account running to under £1mn pa . It has been looked at by a sub committee of Lorna and
Amanda .
There were comments about the " old PO ",, things have not changed that much , PO management think all PMs
are crooks etc , their personal integrity is being questioned etc etc . I suggested they talk to Tom regarding the
proposed note in the ARA ( of which they were unaware ) who helped in his replies for which I am grateful
Kathryn says she only found out about this a day ago but then thought she would " Brief" all the Directors a
day later - without the full facts . Anyway I have suggested we hold off until you and I chat .
I needed to spend hours yesterday on this like a hole in the head . What is behind this ? : 1 am missing
something .
I was not proposing to spoil your weekend but Kathryn has written to you so I thought I would let you know I
spent hours on this yesterday . We need to calm things down and involve our two Board Directors .
Henry
Sent from Outlook for iOS
Sent: Saturday, No’
T jenry Stauntot
Subject: Re: Today
Post Office Limited - Document Classification: INTERNAL
Thanks Henry, yes let's chat on Monday
We've been working with Simon on this re potential disclosures but nothing is finalised in relation to what may
be needed
Simon, Nick - FYI
Many thanks
Kathryn
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From: Henry Staunton:
Sent: Friday, November 24, 2023 1!
To: Ben Foat ¢
Subject: Re: Today
Kathryn Sherratt <
Post Office Limited - Document Classification: INTERNAL
Kathryn ,
Thave written fully to Simon . The legal report was reviewed by Lorna (as Shareholder Director ) and Amanda
(asa lawyer ) I
The two Poastmaster Directors have huge reservations about the whole procedure . A lengthy investigation
found that Eliot owed under £ 15 K built up over 6-10 years . Bearing in mind that about a million pounds a
year is transacted by Eliot they believe the amount is de minimus . The fact that even though Lorna and
Amanda think no further action needs to be taken they see that the matter is being resurrected .
So the matter is very very delicate . You say you want to brief “ All members of the Board “ . I suggest you
hold off that until you have the full facts and have talked to me and Nick on Monday morning .
Sent from Outlook for iOS
From: Ben Foat <_
Sent: Friday, Novem!
To: Kathryn Sherratt ¢
Subject: RE: Today
Post Office Limited - Document Classification: INTERNAL
Thanks Kathryn — happy to join you on those calls to support. I’d also suggest that Mel P (Retail) which is the accountable
area of the business joins just so we are all joined up.
Kind regards
Ben
Ben Foat (He/Him)
Group General Counsel
100 Wood Street
London
From: Kathryn Sherratt <
Sent: 24 November 202
To: Henry Staunto:
Cc: Ben Foat <_
Subject: Today
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Post Office Limited - Document Classification: INTERNAL
Henry
Good to see you in Bristol, I hope you had a good journey to Cornwall.
I understand you’re catching up with Saf/Elliot today — what would be helpful after your call (if it suits) is for me to catch
up with them, such that we can work through how to appropriately capture the situation in the ARA. We are working
closely with PwC to position this matter and I would be keen to sight all ARC/Board members prior to next week.
Many thanks
Kathryn
Kathryn Sherratt
Finance Director
Finance
3" Floor,
100 Wood Street
London, EC2V 7ER
I work flexibly. While I may email outside of normal working hours, I do not expect a response during that time.
postoffice.co.uk
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