Report of the Supervisory Board

Dear Shareholder,

In the 2025 business year, BASF SE’s Supervisory Board continued to regularly monitor management by the Board of Executive Directors and provided ongoing advice on the company’s strategic development as well as key individual measures. This was done in continuous dialog with the Board of Executive Directors.

Monitoring and consultation in an ongoing dialog with the Board of Executive Directors

The Supervisory Board exercised its duties in full as required by law, the Statutes and the Rules of Procedure and was regularly informed in detail by the Board of Executive Directors as part of its monitoring and advisory activities. This occurred both during and outside of the meetings of the Supervisory Board and its committees in the form of written and oral reports from the Board of Executive Directors. In this way, the Supervisory Board was always fully informed about business developments, including the major financial key performance indicators of the BASF Group and its segments. There was a regular exchange of information on macroeconomic developments and the economic situation in the sales and procurement markets as well as on deviations in the course of business from the plans. Furthermore, the Supervisory Board addressed fundamental questions of strategic planning, including financial, investment, sales volumes and personnel planning, as well as measures for designing the future of research and development. The particular focus was on the implementation of the “Winning Ways” strategy introduced in 2024. Another key focus was on discussion of the political and regulatory conditions and trends in key markets and customer industries. Likewise, the topics of sustainability and governance, as well as occupational and process safety, were discussed in detail with the Board of Executive Directors in our meetings. The further development of the organization and processes to increase the competitiveness of BASF and its core businesses as well as standalone businesses was also discussed in depth. There was a particular focus on the sale of the coatings business and the preparations for the legal independence of the Agricultural Solutions division for a planned partial IPO. Within the scope of its activities, the Supervisory Board was convinced of the lawfulness, expediency and propriety of the Board of Executive Directors’ company leadership.

The Chairman of the Supervisory Board and the Chairman of the Board of Executive Directors were also in regular contact outside of Supervisory Board meetings. The Chairman of the Supervisory Board was always promptly and comprehensively informed of current developments and significant individual matters. The Supervisory Board was directly involved in decisions of material importance at an early stage and discussed them in detail with the Board of Executive Directors. In some cases following preparatory work by its committees, the Supervisory Board – following meticulous review and consultation – passed resolutions on all of those individual measures taken by the Board of Executive Directors that by law or the Statutes required the approval of the Supervisory Board. This related in particular to the approval of the sale of the Brazilian decorative paints business and the global coatings business. Resolutions were generally passed at Supervisory Board meetings and, if necessary, by written circulation procedure.

Supervisory Board meetings

The Supervisory Board attaches great importance to a high level of attendance at its meetings. All members attended all six meetings in the 2025 business year, although one member was only able to attend the two-day strategy meeting in July on the second day and then only via video communication due to illness. With the exception of one meeting, which took place as a purely virtual meeting, the meetings were held as in-person events. At two of the five in-person meetings, a different member of the Supervisory Board participated via video call in each case. The members of the Supervisory Board, elected by the shareholders and the employees, prepared the meetings in separate preliminary discussions, which were also attended by members of the Board of Executive Directors, using documents provided in advance by the Board of Executive Directors.

The Board of Executive Directors attended the Supervisory Board meetings unless it was deemed appropriate that the Supervisory Board discuss individual topics – such as personnel matters relating to the Board of Executive Directors – without them being present. In addition, each Supervisory Board meeting included an agenda item that provided an opportunity for discussion without the Board of Executive Directors (executive session). These agenda items concerned either the Board of Executive Directors itself or internal Supervisory Board matters.

• Overview of the form of each meeting and members’ personal attendance at meetings of the Supervisory Board and its committees

A significant component of all Supervisory Board meetings was the Board of Executive Directors’ reports on the current business situation with detailed information on sales and earnings development, budget deviations and opportunities and risks for business development and the implementation of the “Winning Ways” strategy. Furthermore, discussions were held with the Board of Executive Directors on the underlying economic, political and regulatory conditions and their potential impacts on BASF, as well as on capital market developments.

At all meetings in 2025, the Supervisory Board dealt with the progress of major investment projects and ongoing portfolio projects, such as the completion and gradual commissioning of the Verbund site in Zhanjiang, the sale of the Brazilian decorative paints business and the sale of the global coatings business. In addition, the status of implementation of comprehensive measures to improve the competitiveness of European sites was discussed at all meetings.

About the meetings in detail:

As the audit of the financial statements for the 2024 business year was significantly more extensive than in previous years due to the nonfinancial statement prepared for the first time in line with the European Sustainability Reporting Standards (ESRS), the audit process at BASF was extended on an exceptional basis: At the accounts meetings of the Audit Committee and the Supervisory Board on February 25 and 26, 2025, respectively, the focus was on reviewing the preliminary business figures and key sustainability targets as well as the proposal for the appropriation of profits for the 2024 business year. At the final accounts meetings of the Audit Committee and the Supervisory Board on March 18 and 19, 2025, respectively, the focus of the audit was on the nonfinancial statement prepared in line with the ESRS. The auditor attended both accounts review meetings of the Audit Committee and both accounts meetings of the Supervisory Board, and reported each time on the procedure and material findings of its audit.

On February 26, 2025, the Supervisory Board reviewed the preliminary annual financial statements of BASF SE and the BASF Group for the 2024 business year submitted by the Board of Executive Directors, approved the preliminary financial figures prior to their publication on February 28, 2025, and approved the dividend proposed by the Board of Executive Directors. On the same date, the Board of Executive Directors explained these preliminary key indicators for the 2024 business year and the proposal for the appropriation of profit at the annual press conference for journalists and the conference call for analysts and investors. In preparing the resolutions of the Supervisory Board, the auditor had explained the process and results of the provisional audit in detail the previous day and discussed them with the Supervisory Board. Furthermore, the Supervisory Board dealt with the agenda for the virtual Annual Shareholders’ Meeting on May 2, 2025 and adopted the proposals for resolutions. The meeting also focused on the status of the achievement of the CO₂ emissions target, the targets for renewable energies, general business development, 2025 annual planning, cybersecurity reporting and the authorization of the Board of Executive Directors to gradually monetize BASF’s shares in Harbour Energy plc.

At the additional, virtual meeting on March 19, 2025, the Supervisory Board approved the final annual financial statements of BASF SE and the BASF Group for the 2024 business year, as well as the Combined Management’s Report including the combined Sustainability Statement. In addition, the Supervisory Board approved the Compensation Report in accordance with section 162 of the German Stock Corporation Act (AktG).

The Supervisory Board met on May 2, 2025, to prepare for the Annual Shareholders’ Meeting. The development of the BASF Group in the first quarter of 2025, the status of the planned divestiture of the global coatings business and the potential impact of U.S. tariff policy were also discussed.

The meeting on July 23 and 24, 2025 focused on the performance of business to date, the status of the implementation of the “Winning Ways” strategy and further implementation measures. Key individual topics here were:

• Further development of core businesses

• Further development of standalone businesses

• Business strategy of the Agricultural Solutions division and preparation for a possible partial IPO

• Gradual startup of the Verbund site in Zhanjiang

• Strategy in growth countries

• Raw material transformation

• Vision and cost-saving program for the Ludwigshafen Verbund site

• Roll-out of Winning Culture and Winning Behaviors

• Update of medium-term financial planning

The Supervisory Board meeting on October 28, 2025, was held at BASF Personal Care and Nutrition GmbH in Düsseldorf-Holthausen, which gave the Supervisory Board an opportunity to gain an impression of the site and its challenges, opportunities and successful development. Also discussed were possible portfolio measures in both the Battery Materials and the Environmental Catalyst and Metal Solutions divisions, the next steps in the divestiture of the global coatings business and the future use of cash inflows from the portfolio measures, in particular for debt reduction. In addition, the Supervisory Board discussed a possible earlier start of the share buyback program announced at Capital Markets Day 2024 with continued payment of an annual dividend of at least €2.25 per share. Finally, the Supervisory Board discussed the Chief Compliance Officer’s report.

At its meeting on December 18, 2025, the Supervisory Board discussed operational and financial planning, including the investment budget for 2026, and, as in previous years, authorized the Board of Executive Directors to procure the necessary financing in 2026 within a set limit. In addition, the Supervisory Board dealt with leadership development and the measures taken to achieve the diversity targets, taking into account the respective regulatory framework.

Compensation and composition of the Board of Executive Directors

In several meetings over the 2025 business year, the Supervisory Board discussed and passed resolutions on the compensation of the Board of Executive Directors.

At its meeting on February 26, 2025, the Supervisory Board deliberated and agreed on the 2025 targets for the Board of Executive Directors’ short-term incentive (STI) and the 2025 to 2028 strategic targets for the long-term incentive (LTI) based on the preparations of the Personnel Committee. Furthermore, at its meeting on December 18, 2025, the Supervisory Board evaluated, based on the discussions and the corresponding recommendation of the Personnel Committee, the Board of Executive Directors’ performance in 2025.

At its meeting on October 28, 2025, the Supervisory Board discussed the successor to Michael Heinz, who is leaving the Board of Executive Directors as planned on April 30, 2026, as well as the first-time appointment of a director with responsibility for the Agricultural Solutions segment to the Board of Executive Directors. In accordance with the recommendation of the Personnel Committee, the Supervisory Board has appointed Dr. Mary Kurian as a member of the Board of Executive Directors with responsibility for the Chemicals and Nutrition & Care segments, and Dr. Livio Tedeschi as a member of the Board of Executive Directors with responsibility for the Agricultural Solutions segment, each of them with effect from May 1, 2026 to April 30, 2029.

• For more information on the compensation of the Board of Executive Directors and the Supervisory Board, see the Compensation Report.
• For more information on the compensation system for the Board of Executive Directors

Committees

The Supervisory Board of BASF SE had the following four committees during the reporting period:

• Committee for personnel matters of the Board of Executive Directors (Personnel Committee)

• Audit Committee

• Nomination Committee

• Strategy Committee

The Committees prepare resolutions and topics to be discussed by the entire Supervisory Board. Following each Committee meeting, the chairs of the Committees reported in detail about the meetings and the activities of the Committees at the subsequent meeting of the Supervisory Board.

The Supervisory Board has not established a special sustainability committee. Sustainability is of fundamental importance to the BASF Group and is therefore the focus of the work of the entire Supervisory Board and is discussed intensively in plenary sessions. Sustainability is an issue that cuts across operating divisions and segments and a key part of BASF’s strategy and is therefore the subject of the Supervisory Board’s overall and ongoing monitoring activities. Sustainability expertise is therefore broadly embedded in the Supervisory Board and has long been a very important requirement for its activities. In the 2025 business year, the Supervisory Board discussed in detail the opportunities and risks for the company associated with social and environmental factors as well as the environmental and social impacts of the company’s activities, and was also informed about sustainability reporting. For information of the significant impacts, risks and opportunities for BASF dealt with by the Supervisory Board in the 2025 business year, see the Corporate Governance Report.

For further information on the composition and tasks of the Committees, see the Corporate Governance Report.

The Personnel Committee met four times during the reporting period. All meetings were conducted as in-person meetings. All committee members attended all meetings. At its meeting on February 25, 2025, the Personnel Committee discussed the target agreement for the Board of Executive Directors for 2025 (STI) and the targets for the long-term compensation of the Board of Executive Directors for the period from 2025 to 2028 (LTI). At its meeting on July 24, 2025, the Personnel Committee focused on the appropriateness of the compensation for the Board of Executive Directors for 2025 and succession planning for the Board of Executive Directors. At the meeting on October 27, 2025, the Board of Executive Directors explained the process for identifying and developing top leaders. The Committee also recommended that the Supervisory Board should appoint Dr. Mary Kurian and Dr. Livio Tedeschi as members of the Board of Executive Directors. At the meeting on December 17, 2025, the Personnel Committee deliberated on target achievement for the Board of Executive Directors’ STI for 2025.

The Audit Committee met six times during the reporting period. Four meetings were conducted as in-person meetings and two were conducted as virtual meetings. All committee members attended all meetings. The Chief Financial Officer attended all meetings in compliance with legal requirements. The Audit Committee is responsible for all the tasks listed in section 107(3) sentence 2 of the German Stock Corporation Act (AktG) and the recommendations of the German Corporate Governance Code. The Audit Committee is also responsible for monitoring the internal process for identifying related party transactions and adopting resolutions to approve related party transactions. In addition, the Audit Committee regularly monitors and discusses the appropriateness and effectiveness of the entire internal control and risk management system, including the compliance management system. In addition, the Audit Committee deals with compliance issues, including compliance with legal provisions and internal regulations on safety, health and environmental protection.

The auditor also attended the meetings in February, March, July, October and December. The Audit Committee also discussed matters with the auditor in a separate part of the meeting without the Board of Executive Directors present (executive session). The Chairwoman of the Audit Committee also maintained regular contact with the auditor between meetings, in particular regarding the progress of the annual audit, and reported back to the committee.

At the meeting on February 25, 2025, the auditor reported in detail on the current status of audits of BASF SE’s Individual and Consolidated Financial Statements for the 2024 business year, including the preliminary Combined Management’s Report, excluding the Nonfinancial Statement, and discussed the results of its audit with the Audit Committee. The Audit Committee dealt in particular with the key audit matters. The meeting also focused on the assessment of the quality of the audit of the financial statements and the internal control system for financial reporting. In addition, the Audit Committee recommended that the Supervisory Board should propose Deloitte GmbH Wirtschaftsprüfungsgesellschaft to the Annual Shareholders’ Meeting as auditors and – due to the legal uncertainty regarding the transposing of the Corporate Sustainability Reporting Directive (CSRD) into German law – as auditors of the sustainability report for the 2025 business year as a precautionary measure. Finally, the Audit Committee received a report from the Chief Financial Officer on BASF’s free cash flow measures and hedging strategies.

The subject of the additional, virtual meeting of the Audit Committee on March 18, 2025 was the preliminary review of the final annual financial statements of BASF SE and the BASF Group for the 2024 business year as well as the Combined Management’s Report. The audit focused on the Combined Sustainability Statement, which is part of the Combined Management's Report. The Committee’s audit also included the compensation report of BASF SE in accordance with Section 162 of the German Stock Corporation Act (AktG), which was audited by the auditor. At this meeting, the auditor again explained the results of his audit in detail and discussed them with the Audit Committee.

At its meeting on April 30, 2025, the Audit Committee addressed the BASF Group’s Quarterly Statement for the first quarter of 2025, which was due for publication, the internal risk management system and the health, safety and environmental audits at the BASF Group over the prior 12-month period. Another topic at the meeting was BASF’s cost-saving programs.

The main topics of the meeting on July 23, 2025 were the audit of the BASF Group’s 2025 Half-Year Financial Report and compliance with legal provisions, regulatory requirements and internal corporate guidelines (compliance) in the BASF Group, which were the subject of the periodic report by the head of the Corporate Compliance unit. In addition, at this meeting, the Audit Committee engaged Deloitte GmbH Wirtschaftsprüfungsgesellschaft – the auditor elected by the Annual Shareholders’ Meeting on May 2, 2025 – with the audit for the 2025 business year and auditing fees were agreed upon. The Audit Committee approved the audit plan and discussed and defined the focus areas and scope of the annual audit together with the auditor.

The meeting on October 27, 2025, centered on the BASF Group’s Statement for the third quarter of 2025 and the post-audit on major acquisitions and divestitures. The meeting also dealt with the report of the head of the Corporate Audit department on the activities and findings of Corporate Audit, the reporting on related party transactions, and the Committee’s annual self-evaluation of the effectiveness and efficiency of its work.

At the meeting on December 17, 2025, the auditors provided the Audit Committee with a detailed report on the status of the annual audit, as well as the focus areas and the most important individual items. The Audit Committee also received reports on the appropriateness and effectiveness of the internal control system and the risk management system.

At all meetings, the Audit Committee addressed the main pending accounting issues. Risks from threatened or pending litigation were also reported at four meetings.

The Nomination Committee is responsible for preparing candidate proposals for the Supervisory Board members to be elected by the Annual Shareholders’ Meeting. The Nomination Committee is guided by the objectives for the composition of the Supervisory Board adopted by the Supervisory Board as well as the competence profile and diversity concept for the Supervisory Board. The Nomination Committee did not meet during the reporting period.

For information on the objectives for the composition of the Supervisory Board as well as the competence profile and diversity concept for the Supervisory Board, see the Corporate Governance Report.

The Strategy Committee, set up to consult on strategic options for the ongoing development of the BASF Group, met once in the reporting period. All committee members attended the meeting. The topic of this virtual meeting on October 8, 2025 was the planned conclusion of legally binding agreements for the divestiture of the global coatings business, for which the Committee submitted a recommendation for a resolution to the Supervisory Board.

Training measures

Individual onboarding sessions are held for the new members of the Supervisory Board to familiarize them with corporate governance at BASF, the organization, the business processes and internal structures of the BASF Group, and the composition of its businesses and their strategies. Above and beyond this, the company also supports the members of the Supervisory Board with training for their activities on the Supervisory Board, whether through external offerings such as topic-specific seminars or internal information offerings such as site and plant visits to give them an insight into the portfolio as well as production and manufacturing methods. As part of its meeting on October 28, 2025, the Supervisory Board visited the Düsseldorf-Holthausen site.

Corporate governance and Declaration of Conformity

In 2025, the Supervisory Board was once again intensely occupied with the corporate governance standards practiced in the company and the implementation of the recommendations and suggestions of the German Corporate Governance Code (GCGC) in the version dated April 28, 2022.

In accordance with the recommendations of the GCGC and the guiding principles for the dialog between investors and German supervisory boards, the Chairman of the Supervisory Board once again discussed corporate governance matters with investors in 2025. The main topics were the agenda of the Annual Shareholders’ Meeting and the authorization of the Board of Executive Directors to hold virtual Annual Shareholders’ Meetings. The composition of the Board of Executive Directors and the Supervisory Board, the Supervisory Board’s support for BASF’s strategic development, and the company’s sustainability reporting and risk management were also discussed.

At its meeting of December 18, 2025, the Supervisory Board approved the joint Declaration of Conformity by the Supervisory Board and the Board of Executive Directors in accordance with section 161 of the German Stock Corporation Act (AktG). BASF complies with all recommendations of the GCGC 2022. The Corporate Governance Report provides extensive information on the BASF Group’s corporate governance. The full Declaration of Conformity is rendered under Declaration of Conformity Pursuant to Section 161 AktG.

• For more information about Declaration of Conformity

Independence and efficiency review

An important aspect of good corporate governance is the independence of Supervisory Board members and their freedom from conflicts of interest. The Supervisory Board bases the assessment of the independence of its members on the recommendations of the GCGC and the additional criteria for assessing the independence of Supervisory Board members contained in the Rules of Procedure of the Supervisory Board. It also pays due regard to the ESRS, published as a delegated act in the Official Journal of the EU on December 22, 2023, when assessing the independence of its members. The criteria used to assess independence are presented in detail in the Corporate Governance Report. Based on these criteria, the Supervisory Board came to the conclusion that all of the six shareholder representatives and five of the six employee representatives – 11 of the 12 members of the Supervisory Board in total – are considered to be independent as at the end of 2025. Employee representative Michael Vassiliadis was formally classified as non-independent due to the length of his membership on the Supervisory Board, which exceeds 12 years. Above and beyond this, the Supervisory Board does not see any indications that the Supervisory Board role is not performed completely independently. In cases where Supervisory Board members hold supervisory or management positions at companies with which BASF has business relations, we see no impairment of their independence. The scope of these businesses is not material and furthermore, they take place at arm’s length.

The Supervisory Board regularly reviews the efficiency of its activities in the form of a self-assessment. For this reason, the Chairman of the Supervisory Board conducted a survey of all Supervisory Board members in the fourth quarter of 2025 on proposed topics for the coming financial year, as well as further opportunities for improving cooperation within the Supervisory Board. The results were presented and discussed at the December meeting. They confirmed that the Supervisory Board works together professionally and with a high degree of trust.

The Audit Committee also conducted a self-assessment of its activities in 2025. This was based on a questionnaire sent to all members of the Audit Committee, the results and detailed suggestions of which were discussed by the Audit Committee at its meeting on October 27, 2025. Material subjects were the organization and content of meetings, meeting documents and reports, participants and quality of discussions at meetings, reporting to the Supervisory Board on the work of the Audit Committee, access to external and internal auditors, cooperation with management and the appropriateness of the Audit Committee’s performance of its duties in accordance with the Statutes and the Rules of Procedure. On this basis, the members judged the Audit Committee’s work to be efficient and appropriate. There was no fundamental need for improvement. Individual suggestions were addressed.

Individual and Consolidated Financial Statements; Compensation Report

Deloitte GmbH Wirtschaftsprüfungsgesellschaft, the auditor newly elected by the Annual Shareholders’ Meeting for the 2025 business year, has audited the Financial Statements of BASF SE and the BASF Group Consolidated Financial Statements, which were prepared in accordance with the IFRS^® Accounting Standards as adopted by the European Union, and the additional requirements that must be applied in accordance with section 315e(1) of the German Commercial Code (HGB), including the Combined Management’s Report and the accounting records from which they were prepared, and have approved them free of qualification. Furthermore, the auditor certified that the Board of Executive Directors had taken the measures incumbent on it under section 91(2) of the German Stock Corporation Act (AktG) in an appropriate manner. In particular, it had instituted an appropriate early risk detection system that fulfilled the requirements of the company and is suitable for the early identification of developments that could pose a risk to the continued existence of the BASF Group. The results of the audit as well as the procedure and material findings of the audit of the financial statements are presented in the Auditor’s Report.

The Auditor’s Report is rendered under Auditor’s Report. For more information on the auditor, see the Corporate Governance Report.

As the CSRD Implementation Act has still not been passed in Germany, the CSR Directive Implementation Act (CRS-RUG), which transposed the previous European Nonfinancial Reporting Directive (NFRD) into German law, remains the relevant legal basis for BASF’s sustainability reporting in the 2025 business year. For this reason, for the 2025 business year, a Nonfinancial Statement was once again prepared for the BASF Group and BASF SE in accordance with Section 289b of the German Commercial Code (HGB) (“Combined Sustainability Statement”). The ESRS served as an acknowledged reporting framework within the meaning of section 289d HGB for the Nonfinancial Statement.

Given this legal situation, the Supervisory Board followed the recommendation of the Audit Committee by instructing Deloitte, above and beyond the statutory audit, to conduct a separate audit with limited assurance of the Combined Sustainability Statement for BASF SE and the BASF Group for the 2025 business year, which form an integral part of the Combined Management’s Report. Based on the limited assurance conducted, Deloitte did not raise any objections to the reporting and its compliance with the relevant statutory requirements. The auditor also audited the Compensation Report for the 2025 business year established in accordance with section 162 AktG, including the related disclosures.

The assurance report issued by Deloitte on the substantive audit of the Combined Sustainability Statement can be found under Assurance Report in Relation to the Combined Sustainability Statement.

• The assurance report issued by Deloitte on the audit of the Compensation Report

The Combined Sustainability Statement for the 2025 business year, which was audited separately by the auditor with limited assurance, including the disclosures on EU taxonomy, as well as the related audit report, were discussed in detail at the accounts meetings of the Audit Committee and the Supervisory Board. In preparation, the Board of Executive Directors presented and explained to the Audit Committee and Supervisory Board the double materiality analysis for the 2025 business year and the resulting material impacts, risks and opportunities.

The Audit Committee reviewed the Individual and Consolidated Financial Statements of BASF SE, the Combined Management’s Report including the Combined Sustainability Statement and the Compensation Report at its meeting on February 24, 2026, taking into account the reports prepared by the auditor and the key audit matters specified in the Auditor’s Report, and discussed them in detail with the auditor. The Chairwoman of the Audit Committee gave a detailed account of the preliminary review at the Supervisory Board meeting on February 25, 2026. The auditor's audit reports were available to all members of the Supervisory Board and were discussed in detail at the Supervisory Board’s accounts meeting in the presence of the auditor. On this basis, the Supervisory Board examined the Financial Statements of BASF SE for the 2025 business year, the proposal by the Board of Executive Directors for the appropriation of profit, and the 2025 Consolidated Financial Statements and Combined Management’s Report for the BASF Group and BASF SE, including the Combined Sustainability Statement. The results of the preliminary review and the recommendation by the Audit Committee and the results of the Supervisory Board’s own examination fully concur with those of the audit. The Supervisory Board sees no grounds for objection to the management or the reports submitted.

At its accounts meeting on February 25, 2026, the Supervisory Board approved the Financial Statements of BASF SE and the Consolidated Financial Statements of the BASF Group prepared by the Board of Executive Directors, making the 2025 Financial Statements final. The 2025 Financial Statements of BASF SE have thus been adopted. The Supervisory Board concurred with the Board of Executive Directors' proposal regarding the appropriation of profit and the payment of a dividend of €2.25 per share.

Also at the meeting on February 25, 2026, the Supervisory Board discussed with the Board of Executive Directors the joint Compensation Report of the Board of Executive Directors and the Supervisory Board in accordance with section 162 AktG and approved it.

• The Compensation Report will be published online

Acknowledgements

On behalf of the Supervisory Board, I would like to thank all members of the Board of Executive Directors for their dedicated commitment and outstanding leadership in another very challenging year. Moreover, I would like to thank all employees for their exceptional commitment to BASF.

Ludwigshafen, February 25, 2026

On behalf of the Supervisory Board

Dr. Kurt Bock
Chairman of the Supervisory Board