1 Foreword by the Chairwoman of the Remuneration Committee

Dear shareholders,

On behalf of the Board of Directors and the Remuneration Committee, I am pleased to present the 2024 remuneration report. The report contains all the relevant information on the remuneration policy, the remuneration structure and remuneration disclosure for the Board of Directors and the Group Executive Committee for the 2024 financial year.

The Remuneration Committee carried out its regular duties in relation to remuneration throughout 2024, including the annual review of the remuneration packages, the setting of Group Executive Committee performance targets at the beginning of the year and their assessment at the end of the year. The Committee also determined the remuneration of the members of the Board of Directors and the Group Executive Committee, prepared the remuneration report and organized the voting procedure for the annual general meeting.

The primary focus of the Remuneration Committee in the 2024 financial year was on succession planning for individual positions on the Board of Directors. Jennifer Maag was appointed to the Board of Directors on April 17, 2024.

Additionally, given Thomas Oetterli’s dual role as Chairman of the Board of Directors and CEO, Roger Baillod was appointed Lead Independent Director to ensure good corporate governance.

At the 2025 Annual General Meeting, we will submit to you for approval the maximum total remuneration of the Board of Directors for the period up to the next annual general meeting and the maximum total remuneration of the Group Executive Committee for the 2026 financial year. You will also have the opportunity to express your opinion on this remuneration report in a consultative vote.

Rieter’s remuneration system is designed to ensure a balanced and appropriate remuneration based on performance while also safeguarding the interests of shareholders. We will therefore continue to regularly review whether our remuneration packages meet this requirement in a dynamic market environment.

Best regards,

Sarah Kreienbühl
Member of the Board of Directors and Chairwoman of the Remuneration Committee