Meetings in 2025

The members of the Management Board regularly attend the meetings of the Supervisory Board and its committees. At the end of the meetings, closed sessions without the participation of the members of the Management Board are held as needed on Management Board matters or generally for internal Supervisory Board debriefing and review.

In 2025, a total of 17 meetings of the full Supervisory Board, 7 meetings of the Audit Committee, 3 meetings of the Strategy Committee and 12 meetings of the General and Nomination Committee of the Supervisory Board were held.

In a meeting held via video conference on January 22, 2025, the Supervisory Board received a briefing from the Management Board on the current status of the ongoing transaction to divest the Water Management business. At the meeting on January 29, 2025, the Supervisory Board received a report from the CEO on the discussions held during the Corporate Governance Roadshow and subsequently discussed the employment contracts of the current Management Board members.

At various meetings on February 12, 2025, February 16, 2025, February 17, 2025, February 19, 2025 and February 21, 2025, the Supervisory Board made decisions on the amicable separation from Mr. Guido Grandi and on how to proceed. The Supervisory Board initially decided not to extend the appointment of Mr. Guido Grandi beyond the current term of office and authorized the Chair of the Supervisory Board, Mr. Mark Wilhelms, to negotiate the terms of an amicable departure with Mr. Guido Grandi.

Following the Supervisory Board's resolution on the mutual termination agreement with Mr. Guido Grandi, the Supervisory Board appointed the Supervisory Board Chair, Mr. Mark Wilhelms, as Mr. Guido Grandi’s temporary replacement as member and Chair of the Management Board – on an interim basis for the transitional period after Mr. Grandi’s resignation, for a maximum of one year. The Supervisory Board also passed a resolution to immediately start a structured search for candidates to succeed Mr. Guido Grandi. The Supervisory Board elected Supervisory Board member Ms. Kerstin Müller-Kirchhofs as Chair of the Supervisory Board for the transitional phase during which Mr. Mark Wilhelms’ Supervisory Board mandate was suspended, and determined the composition and staffing of the Supervisory Board committees. The Supervisory Board also discussed and decided on the procedure for the succession of Supervisory Board member Ms. Erika Schulte.

At the Supervisory Board meeting on March 20, 2025, the Supervisory Board dealt with the Annual Financial Statements, the Consolidated Financial Statements and the Condensed Management Report for the 2024 fiscal year, as well as with the audit report and the non-financial report. In this context, KPMG AG Wirtschaftsprüfungsgesellschaft presented the corresponding audit reports on the audit of the Annual Financial Statements. The Supervisory Board also adopted the proposed resolutions and nominations for the company’s Annual General Meeting on May 13, 2025, including a resolution to submit to the Annual General Meeting the proposal for a vote by the Annual General Meeting on an adjustment to the Supervisory Board remuneration. The Supervisory Board also received a report from the Management Board on the status of the introduction of Microsoft D365, especially at the Maintal plant.

At the meeting on April 10, 2025, the Supervisory Board focused primarily on sales and marketing for the Industrial Applications and Mobility & New Energy business units, as well as on the performance targets for the variable components of the remuneration of the Management Board members for the year 2025 and on the professional development of the Supervisory Board members.

At the meeting on May 13, 2025, the Supervisory Board redefined the composition and membership of the committees in line with the personnel changes resulting from the Annual General Meeting. The Supervisory Board then received a report from the Management Board on the current implementation status of the strategic projects. The Supervisory Board also approved the engagement of a strategy consulting firm to support certain transformation measures in connection with the strategic projects and passed a resolution to assume a guarantee for a lease agreement regarding the new plant location in Juárez, Mexico.

In a videoconference meeting on June 1, 2025, the Supervisory Board resolved to award the audit engagement for of the Non-financial Statement. In a further videoconference meeting on June 22, 2025, the Supervisory Board resolved to offer Ms. Birgit Seeger the CEO position, effective November 1, 2025. At this meeting, the Supervisory Board again addressed the lease agreement regarding the new plant location in Juárez, Mexico, and commitments to provide transaction bonuses to certain key employees of the Water Management business unit.

Two meetings of the Supervisory Board at NORMA Group’s site in England on July 9, 2025 and July 10, 2025, focused primarily on deepening the strategy discussion, reviewing the current status of the implementation of the transformation initiatives, and training the Supervisory Board members on potential applications of artificial intelligence. In addition, there was an in-depth discussion of developments of the Maintal plant and its profit outlook for 2025. On the occasion of the meetings, the Supervisory Board visited the plant on site and discussed its operational development, as well as trends and developments in the relevant customer and sales markets in the UK, with the local management team.

At the meeting on September 17, 2025, the Supervisory Board received information on the current status of the transaction to sell the Water Management business unit.

At a subsequent meeting on September 18, 2025, the Supervisory Board resolved to approve the sale of the Water Management business unit and the hedging of exchange rate risks in relation to the potential USD inflows from the transaction. The Supervisory Board also decided to reserve the right to approve the final decision of the Management Board on the use of the expected proceeds from the transaction. The Supervisory Board also received information from the Management Board on the current status of the implementation of further strategic projects and passed a resolution to authorize its Chair, Ms. Kerstin Müller-Kirchhofs, to negotiate with Mr. Mark Wilhelms on the amicable termination of Mr. Mark Wilhelms’ employment contract for his temporary activity as a member of the Management Board and Interim CEO with effect from the date on which Ms. Birgit Seeger joins as a member of the Management Board and CEO.

At the meeting on November 27, 2025, the Supervisory Board approved the budget for 2026 and the medium-term planning for the years 2027 to 2030. The Supervisory Board also resolved to propose an amendment to the Articles of Association at the 2026 Annual General Meeting to introduce a right of veto for the CEO on resolutions passed by the Management Board. Following the resumption of Mr. Mark Wilhelms’ Supervisory Board mandate from November 1, 2025, the Supervisory Board re-elected Mr. Mark Wilhelms as Chair of the Supervisory Board and Ms. Denise Koopmans as Deputy Chair of the Supervisory Board. The Supervisory Board then passed a resolution on the composition and staffing of the committees of the Supervisory Board and a further resolution on the objectives for the composition of the Supervisory Board, the diversity concept and the skills profile of the Supervisory Board. Finally, the Supervisory Board resolved to issue the consequent Statement of Compliance with the German Corporate Governance Code. The Supervisory Board received information from the Management Board on the initiatives to transform the company and improve earnings. The Supervisory Board also resolved to carry out a regular self-evaluation of the Supervisory Board’s work based on a list of questions.

The meetings of the Audit Committee on February 6, 2025, April 30, 2025 and August 7, 2025 mainly served to discuss the publication of the preliminary business results and the regular quarterly and half-yearly financial reporting.

At the meeting on March 19, 2025, the Audit Committee focused on the company’s Annual Financial Statements and Consolidated Financial Statements, the audit of the Annual Financial Statements - including the quality of the audit - and the sustainability reporting for the 2024 fiscal year. The Audit Committee resolved to recommend that the Supervisory Board approve the Annual Financial Statements and Consolidated Financial Statements together with the Condensed Management Report and to appoint KPMG AG Wirtschaftsprüfungsgesellschaft as auditors of the Annual Financial Statements, the Consolidated Financial Statements and the Sustainability Report for the 2025 fiscal year. The Audit Committee also discussed the status of risk management, internal auditing and compliance management. The Audit Committee recommended to the Supervisory Board that the adequacy of the risk management system be defined as a focal point of the 2025 annual audit. At the Audit Committee meeting on September 17, 2025, the committee discussed the status and key topics for the 2025 Annual Financial Statements and Consolidated Financial Statements with the auditor. The committee also discussed the appropriateness of the tax compliance management system and the status of the initial implementation of Group-wide standardized cost center accounting as the basis for implementing the new Tagetik consolidation software on January 1, 2026. The committee received a report from the Management Board on the current business situation and dealt with the financial status, the refinancing strategy of New NORMA and possible measures to hedge currency risks. The committee also discussed the current status of risk management and the internal audit report for the second quarter of the 2025 fiscal year. Finally, the committee received information on the activities related to ESG and the status of sustainability reporting. At the meeting of the Audit Committee on October 30, 2025, the committee discussed the business development in the third quarter of the 2025 fiscal year together with the Management Board and received information on the current status of the Q3/2025 quarterly statement. At the meeting on November 26, 2025, the Audit Committee resolved to recommend that the Supervisory Board approve NORMA Group’s budget for the 2026 fiscal year. The auditors from KPMG AG Wirtschaftsprüfungsgesellschaft attended three meetings of the Audit Committee.

At the meeting on March 19, 2025, the Strategy Committee discussed NORMA Group’s strategic goals and the corresponding target picture for the NewNORMA organization and reviewed the strategic planning for the Industry Applications business unit. At its meeting on September 12, 2025, the committee discussed with the Management Board the future focus of the Industry Applications business unit on specific customer industries and corresponding products, including the resulting organizational changes to the unit and possible organic and inorganic additions. The Management Board also explained to the Strategy Committee the application potential of the use of artificial

intelligence in NORMA Group’s business activities. At its meeting on November 26, 2025, Management Board and Strategy Committee jointly discussed the operations strategy, initiatives to reduce complexity in the Fasten product group, and the product strategy using the example of a customer order in Asia.

At its meetings in 2025, the Presidentail and Nomination Committee mainly dealt with the search for candidates to succeed Mr. Guido Grandi as a member and Chair of the Management Board. The committee then dealt with the preparation of the Supervisory Board’s resolutions on the appointment of Ms. Birgit Seeger as a Management Board member and Chair with effect from November 1, 2025 and on Ms. Seeger’s employment contract. During the 2025 fiscal year, the committee also addressed the upcoming renewal of the employment contract of the Management Board member Dr. Daniel Heymann. Other regular topics of the meetings of the Presidential and Nomination Committee concerned the remuneration of the Management Board and corresponding recommendations to the Supervisory Board on setting financial, ESG-related and non-financial performance targets for the variable remuneration components. At its meeting on September 5, 2025, the Presidential and Nomination Committee discussed the dueites and responsibilities of the Management Board members. At the meeting of the Presidential and Nomination Committee on October 31, 2025, the committee decided to recommend to the Supervisory Board an adjustment to the objectives for the composition, the diversity concept and the skills profile of the Supervisory Board. Another recommendation related to a right of veto for the CEO on resolutions of the Management Board, which is to be submitted for resolution to the 2026 Annual General Meeting as an amendment to the Articles of Association.

In accordance with the Supervisory Board’s rules of procedure, meetings may be held with all participants present in person at a specific location or by video conference. In addition, only individual participants can be connected to a face-to-face meeting via video/audio transmission. The following table shows the attendance of the Supervisory Board members at the meetings of the Supervisory Board and the Supervisory Board committees to which they belong in the 2025 fiscal year. Since NORMA Group SE classifies the technical possibilities of participating in a meeting as legally equivalent, no further differentiation for the respective form of participation is given in the following table.