Section 172 Statement

For the year ended 31 December 2025

In accordance with Section 172(1) of the Companies Act 2006, the following statement is taken from the Strategic Report of David Zwirner Limited for the year ended 31 December 2025.

The company’s long term strategy is to maintain and grow its roster of artists and base of collectors. Monitoring of these by the director and his support team is undertaken on an ongoing basis to identify threats to action strategic changes where necessary.

The company is committed to providing a high level of service to its clients and artists and regular discussions take place with them to ensure expectations are met.

The following paragraphs summarise how the director fulfils these duties:

Risk Management

As we grow, our business and our risk environment also become more complex, it is vital that we effectively identify, evaluate, manage and mitigate the risks we face, and that we continue to evolve our approach to risk management.

Our People

The company is committed to being a responsible business. Our behaviour is aligned with the expectations of our people, clients, artists, communities and society as a whole. People are at the heart of our specialist services. For our business to succeed, we encourage our people’s performance and develop their talent, while ensuring we operate as efficiently as possible. We must also ensure we share common values that inform and guide our behaviour so we achieve our goals in the right way.

Business Relationships

Our strategy prioritises organic growth, driven by active management of artists and client relationships. We value all of our suppliers and have multi-year contracts with our key back office suppliers.

Community and Environment

The company’s approach is to use our position of strength to create positive change for the people and communities with which we interact. We want to leverage our expertise and enable colleagues to support the communities around us.