Compensation Report → B. Compensation of Managing Board members Compensation awarded and due in accordance with Section 162 para. 1 sent. 1 German Stock Corporation Act (AktG) – Active Managing Board members in fiscal 2023 2 Dr. Roland Busch Cedrik Neike Managing Board members President and CEO since Feb. 3, 2021 Managing Board member since April 1, 2017 in office on September 30, 2023 2023 2022 2023 2022 € thousand in % of TC € thousand in % of TC € thousand in % of TC € thousand in % of TC Fixed Base salary 1,770 26% 1,770 30% 1,102 23% 1,102 26% compensation + Fringe benefits 99 1% 111 2% 36 1% 31 1% 1 + Amount for free disposal – – – – – – – – = Total 1,869 27% 1,881 31% 1,137 24% 1,132 27% Variable + Short-term variable compensation compensation Bonus for fiscal 2023 3,276 48% – – 1,916 41% – – Bonus for fiscal 2022 – – 2,479 41% – – 1,462 35% + Long-term variable compensation 2019 Stock Awards (vesting: 2018 – 2022) 1,581 23% – – 1,581 33% – – 2018 Stock Awards (vesting: 2017 – 2021) – – 1,496 25% – – 1,496 35% Cash payment Siemens Energy spin-off 90 1% 124 2% 90 2% 124 3% = Total compensation (TC) (according to Section 162 AktG) 6,815 100% 5,979 100% 4,723 100% 4,215 100% + Service costs 792 – 913 – 503 – 581 – = Total compensation (incl. service costs) 7,608 – 6,892 – 5,226 – 4,796 – 3 Matthias Rebellius Prof. Dr. Ralf P. Thomas Managing Board member since Oct. 1, 2020 Managing Board member since Sept. 18, 2013 2023 2022 2023 2022 € thousand in % of TC € thousand in % of TC € thousand in % of TC € thousand in % of TC Fixed Base salary 1,102 30% 1,102 35% 1,102 21% 1,102 26% compensation + Fringe benefits 75 2% 80 3% 60 1% 58 1% 1 + Amount for free disposal 551 15% 551 17% – – – – = Total 1,727 46% 1,733 55% 1,161 22% 1,160 27% Variable + Short-term variable compensation compensation Bonus for fiscal 2023 1,995 54% – – 2,021 38% – – Bonus for fiscal 2022 – – 1,428 45% – – 1,524 35% + Long-term variable compensation 2019 Stock Awards (vesting: 2018 – 2022) – – – – 1,976 37% – – 2018 Stock Awards (vesting: 2017 – 2021) – – – – – – 1,496 35% Cash payment Siemens Energy spin-off – – – – 112 2% 124 3% = Total compensation (TC) (according to Section 162 AktG) 3,723 100% 3,160 100% 5,270 100% 4,304 100% + Service costs – – – – 518 – 578 – = Total compensation (incl. service costs) 3,723 – 3,160 – 5,788 – 4,882 – 1 Matthias Rebellius and Judith Wiese are not included in the Siemens Defined Contribution Pension Plan (BSAV). Instead of BSAV contributions, they receive a fixed cash amount for free disposal. 2 In addition to his position as a member of the Managing Board, Cedrik Neike served as Executive Chairman of the Board of Directors of Siemens Ltd. China from May 1, 2017, to March 31, 2019. The amounts reported under “2019 Stock Awards (vesting: 2018 – 2022)” and “2018 Stock Awards (vesting: 2017 – 2021)” include the value of the Stock Awards allocated by Siemens Ltd. China. Likewise, a portion of the additional cash payment attributable to the Stock Awards allocated by Siemens Ltd. China is included under “Cash payment Siemens Energy spin-off.” For details, see chapter "B.3.2.3 Transfer of Stock Awards in fiscal 2023 (2019 tranche).” 3 In addition to his position as a member of the Managing Board of Siemens AG, Matthias Rebellius is CEO of Smart Infrastructure and CEO of Siemens Schweiz AG. The corresponding legal relationship is defined in a separate contract between Matthias Rebellius and Siemens Schweiz AG. The entire compensation he receives under the terms of his contract with Siemens Schweiz AG is deducted from his Managing Board compensation. Of the base salary and fringe benefits reported here, €710,428 and €34,312, respectively, were awarded and paid by Siemens Schweiz AG. Of the Bonus for fiscal 2023 reported here, €1,192,486 (corresponding to CHF 1,153,015 and converted into euros as of September 30, 2023) will be paid by Siemens Schweiz AG. Furthermore, employer contributions to pension plans paid by Siemens Schweiz AG are deducted from the amount for free disposal. Matthias Rebellius is subject to Swiss legislation on social insurance. Unlike in Germany, this subjection to social insurance also applies to compensation as a member of the Managing Board of Siemens AG. Since the clarification of this matter in May 2023, employer contributions of CHF5,785 (€6,048) have accrued. For the reverse transaction relating to the period from October 2020, when Matthias Rebellius joined the Managing Board, until May 2023, Siemens AG has incurred, in addition, one-time social insurance costs of CHF133,548 (€139,855). Neither the employer contributions nor the one-time social insurance costs are included in the compensation awarded and due to Matthias Rebellius in fiscal 2023. FISCAL 2023 28