Compensation Report → B. Compensation of Managing Board members The following tables describe the components of the compensation system for the Managing Board members, the components’ link to the Company’s strategy and their concrete application in fiscal 2023. FIXED COMPENSATION Base salary Implementation in compensation system Link to strategy • Contractually agreed-upon fixed annual compensation based on a Managing Board Competitive member’s duties and related responsibilities and his or her experience compensation in order • Payment in 12 monthly installments to obtain the best Application in fiscal 2023 candidates worldwide to develop and execute • President and CEO: €1,770,000 a year the Company ’s strategy • Other Managing Board members: €1,101,600 a year and manage its Fringe benefits Implementation in compensation system operations and in order to retain these • Determination of a maximum amount relative to base salary, covering expenses individuals at the incurred to the benefit of the Managing Board member Company over the long • Includes in-kind compensation and fringe benefits granted by the Company, for term. example: • Provision of a company car • Insurance allowances • Costs of medical checkups Application in fiscal 2023 In fiscal 2023, Managing Board members were entitled to fringe benefits equal to a maximum of 7.5% of their base salary • President and CEO: max. €132,750 • Other Managing Board members: max. €82,620 Pension benefit Implementation in compensation system commitment • Annual contributions to the Siemens Defined Contribution Pension Plan (BSAV) • Newly appointed Managing Board members as of October 1, 2019: fixed cash amount for free disposal • Commitment at beginning of fiscal year • Credit to pension account (BSAV contribution) or payout (amount for free disposal) in January after the end of the fiscal year Application in fiscal 2023 BSAV contribution (credit in January 2024) • President and CEO: €991,200 • Other Managing Board members: €616,896 Amount for free disposal (payment in January 2024) • Other Managing Board members: €550,800 FISCAL 2023 7