Compensation Report → B. Compensation of Managing Board members MAXIMUM COMPENSATION Maximum Implementation in compensation system Link to strategy compensation • Determined annually by the Supervisory Board based on total target compensation Caps Managing Board • Equals the sum of maximum amounts that can possibly be paid out to each Managing members’ Board member from all compensation components for the relevant fiscal year and is compensation in order calculated as follows: to avoid uncontrollably high payments and Base salary thus disproportionate + maximum fringe benefits costs and risks for the + BSAV contribution or amount for free disposal Company. + two times the Bonus target amount + three times the Stock Awards target amount Application in fiscal 2023 • Maximum compensation for each Managing Board member for fiscal 2023 determined in accordance with the compensation system • Final assessment of compliance with maximum compensation when the 2023 Stock Awards tranche is settled in fiscal 2027 • Reporting in Compensation Report for fiscal 2027 OTHER DESIGN CHARACTERISTICS Share Ownership Implementation in compensation system Link to strategy Guidelines • Obligates Managing Board members to permanently hold Siemens shares of an Foster an alignment of amount equal to a multiple of their base salary during their terms of office on the Managing Board and Managing Board shareholder interests • President and CEO: 300% and provide additional • Other Managing Board members: 200% incentives to • Four-year build-up phase sustainably increase • Verification date on second Friday in March Company value. • Relevant share price: average Xetra opening price of the fourth quarter of the previous calendar year • Obligation to purchase additional shares if the value of the accumulated shareholding falls below the respective amounts to be verified due to fluctuations in the Siemens share price Application in fiscal 2023 • Verification date: March 10, 2023 • Relevant share price: €120.12 • Fulfilled by all the Managing Board members obligated to provide verification Commitments in Implementation in compensation system Link to strategy connection with the • Compensation for the loss of benefits from a former employer Are part of competitive commencement of • Moving expenses due to a change of the regular place of work at the request of the compensation and help Managing Board Company the Company obtain appointments the best candidates Application in fiscal 2023 worldwide for the No application in fiscal 2023 Managing Board. Commitments in the Implementation in compensation system event of termination • Termination by mutual agreement and without serious cause of Managing Board • Change of control (only for first-time appointments and/or reappointments before appointments November 2019) Application in fiscal 2023 No application in fiscal 2023 FISCAL 2023 9