Terms and conditions of use for the online service for shareholders of BASF SE

I. Scope of application

These terms and conditions of use apply for all shareholders of BASF SE using the online service at www.basf.com/asm-service. This includes, among other things, registration for the email transmission of the invitation to the Annual Shareholders’ Meeting of BASF SE, the possibility to report a change of address, inspection of the share register, registration for the Annual Shareholders’ Meeting of BASF SE and exercising shareholders’ rights including voting rights via the online service.

   

II. Email delivery

1. Registration and invitations to Annual Shareholders’ Meeting by email

In order to send you the invitation to the Annual Shareholders’ Meeting of BASF SE by email, your consent is required. You can provide this consent via the online service by registering for email delivery of the invitation to the Annual Shareholders’ Meeting. We generally send emails unencrypted.

Your custodian bank is required by law to submit an email address to the share register. We regularly contact shareholders whose email address has been provided to us, requesting their consent for the email delivery of invitations to the Annual Shareholders’ Meeting. If you did not object to the email delivery after receiving such a message within two weeks, your consent for email delivery will be deemed given by law.

Registration of minors can only be made by their legal representatives or other persons authorized to represent them as part of their power of authorization. By registering you confirm to BASF SE that you are acting with the necessary power of representation on behalf of the minor.

Around seven weeks before each Annual Shareholders’ Meeting, to prepare for sending out the invitations, we determine which of the persons registered for email delivery have shares listed in the share register of BASF SE. If you provide your consent prior to this time, you will receive the invitation to the Annual Shareholders’ Meeting of BASF SE at the email address you specified for the first time for the Annual Shareholders’ Meeting following your registration. The email will be sent to the address you have provided. Registration after this time can only be taken into account for the following Annual Shareholders’ Meeting.

Please let us know if you have not received your invitation to the Annual Shareholders’ Meeting electronically, even though you registered for this in good time. In this case, please contact the BASF shareholder hotline at +49 621 60-99888, or via email at hv-service@basf.com or in writing to BASF SE, c/o ADEUS Aktienregister-Service-GmbH, 20784 Hamburg, Germany.

BASF SE reserves the right to decide whether and which electronic delivery methods will be offered.

2. Registration data

Email address

Please provide an email address as your delivery address that you regularly use. If we receive a technical notification after sending the invitation to the Annual Shareholders’ Meeting that the email could not be delivered, we will send you the invitation by post. Furthermore, each shareholder is responsible for ensuring that the email address provided is functional and that incoming emails are being read. If your address (address, email) changes, please update your address directly in the online service of the share register at www.basf.com/asm-service. We appreciate your understanding that changes to your address details can only be made through this method for data protection reasons.

3. Change registration details

The online service for shareholders is available throughout the year at www.basf.com/asm-service. You can change your email address and your password via the online service.

4. Withdrawal of consent

You may withdraw your consent for the email delivery of the invitation to the Annual Shareholders’ Meeting at any time. In that case, you will receive the invitation by post again. However, if you withdraw your consent after the technical preparations for sending the invitation to the Annual Shareholders’ Meeting have already begun, we can only take your withdrawal into account for the subsequent Annual Shareholders’ Meeting. In this case, we will endeavor to send you the invitation for the current Annual Shareholders’ Meeting by post as well.

5. Sale of BASF shares

If you sell all your BASF shares at any time between two Annual Shareholders’ Meetings and then reacquire BASF SE shares approximately seven weeks before the next Annual Shareholders’ Meeting of BASF SE, your consent for email delivery of the invitation to the Annual Shareholders’ Meeting granted prior to the sale of your shares will remain in effect.

Approximately seven weeks before each Annual Shareholders’ Meeting, we determine which individuals registered for email delivery have shares listed in the share register of BASF SE to prepare for the invitation mailing. If, at that time, no shares are registered in your name in the share register your consent will automatically expire. If you subsequently acquire BASF shares again, you will receive the invitation to the Annual Shareholders’ Meeting of BASF SE by post unless you re-register for email delivery.

  

III. Registering for the Annual Shareholders’ Meeting, participation at the Annual Shareholders’ Meeting and exercising voting rights

To exercise participation-related shareholder rights, such as the right to ask questions and speak, attendance at the Annual Shareholders’ Meeting is required. Shareholders who have registered in a timely manner for the Annual Shareholders’ Meeting and for whom the registered shares are recorded in the share register are entitled to participate. Participation in the virtual Annual Shareholders’ Meeting will take place via electronic access through the online service.

1. Registration for the Annual Shareholders’ Meeting

You may register for the Annual Shareholders’ Meeting via the online service until the registration deadline. If you have received several invitations with different shareholder numbers, please register for the Annual Shareholders’ Meeting separately for each of these shareholder numbers.

We recommend that you use the online service for registering for the Annual Shareholders’ Meeting early, so that you can still register by mail or email in a timely manner in case of any technical issues before the registration deadline.

2. Electronic access

If you have registered for the Annual Shareholders’ Meeting in time, you can join the Annual Shareholders’ Meeting by logging into the online service during the meeting. The same applies to your authorized representatives. Please note, that representatives will only be able to use the online service if they receive the respective login data in time, as described above.

If you have authorized one or more third parties to represent you at the Annual Shareholders’ Meeting, your own access requires the revocation of any authorization issued to third parties in addition to the login. You may revoke any authorizations via the respective feature of the online service. However, authorizations issued to the proxies appointed by the Company need not be revoked for being able to electronically connect. If you have issued multiple third parties with the authority to represent you at the Annual Shareholders’ Meeting, this paragraph applies accordingly to the electronic connection of your representatives.

3. Absentee voting

You can exercise your vote as electronic absentee vote via the online service.

Provided you have registered for the Annual Shareholders’ Meeting prior to the registration deadline, you can exercise and amend your electronic absentee vote via the online service up until the end of voting during the Annual Shareholders’ Meeting. The same applies if you have exercised your absentee vote outside of the online service in due time.

If you have exercised absentee votes both via the online service as well as by other means, your most recent vote will take precedence.

4. Authorization of the proxies of BASF SE

Via the online service you may authorize the proxies of BASF SE to vote on your behalf.

The proxies are neutral and exercise the voting right solely based on the instructions you provide. If there is a separate vote on an agenda item (e.g., approval of the actions of the members of the Supervisory Board), the instructions given for this will apply correspondingly to each subitem.

The proxies do not accept instructions to speak, to ask questions, submit motions or to raise objections to resolutions of the Annual Shareholders’ Meeting.

Provided you have registered for the Annual Shareholders’ Meeting prior to the registration deadline, you can issue, amend or revoke authorizations and instructions to the proxies via the online service until the end of voting in the Annual Shareholders’ Meeting.

The proxies will represent you anonymously, i.e., without disclosing your name.

If you have issued, amended or revoked an authorization and instruction to the proxies via both the online service and by other means, your most recent authorization and instruction or, respectively, amendment or revocation of such authorization and instruction takes precedence over the previous authorization and instruction.

5. Authorization of intermediaries, shareholders’ associations and proxy advisors

Intermediaries and shareholders' associations participating in the online service can also be authorized and instructed, or instructions already issued can be changed, via the online service until the end of voting at the Annual Shareholders’ Meeting. You may revoke such an authorization via the online service or in text form at the address stated in the invitation to the Annual Shareholders’ Meeting. The authorized intermediaries or shareholders’ association are solely responsible for exercising the voting right. To authorize an intermediary, a shareholders’ association, or a proxy advisor outside of the online service, we will send a proxy form to you upon request. In this case, please contact the BASF shareholder hotline at +49 0621 60-99888, or via email at hv-service@basf.com or in writing to BASF SE, c/o ADEUS Aktienregister-Service-GmbH, 20784 Hamburg, Germany.

If you have submitted or revoked an authorization of an intermediary, a shareholders’ association or a proxy advisor both via the online service and by other means, the most recent authorization or your most recent revocation takes precedence.

The authorized intermediary, the authorized shareholders’ association, or the authorized proxy advisor is solely responsible for the exercise of the voting rights.

6. Authorization of third parties

To exercise your voting rights, you may also authorize one or more third parties to exercise your voting right via the online service. You may revoke such authorizations via the online service or in text form at the address stated in the invitation to the Annual Shareholders’ Meeting.

7. Change of authorized representative; authorization of proxies of BASF SE and subsequent absentee voting via the online service

If you have authorized an intermediary, a shareholders’ association or a proxy advisor that participates in the online service, you may, instead of granting authorization to that intermediary, shareholders’ association or proxy advisor, use the online service to grant authorization to a different intermediary, shareholders’ association or proxy advisor participating in the online service up until the end of voting in the Annual Shareholders’ Meeting. The most recently granted authorization takes precedence. Any previously issued authorizations are considered withdrawn and will no longer be taken into account.

  

IV. Partnerships / Associations / Legal entities

Please note that in the case of joint ownership (e.g., married couples, communities of heirs), partnership associations or legal entities, the person who registers or amends the registration details, exercises absentee votes, authorizes the intermediaries, shareholders’ associations or proxy advisors participating in the online service, as well as the proxies of BASF SE to vote on their behalf, or issues or changes the voting instructions must be authorized to do so by all members of the joint ownership or by the partnership/association/legal entity or, respectively, must be authorized to represent the partnership/association/legal entity. As a user of the online service, you confirm to BASF SE that you are authorized in the required manner.

  

V. Statements, requests to speak, motions and electoral proposals

Via the online service, you may exercise further shareholder rights in connection with the Annual Shareholders’ Meeting.

1. Statements

Shareholders properly registered for the Annual Shareholders’ Meeting can submit statements on agenda items by means of electronic communication prior to the Annual Shareholders’ Meeting. These statements must be in text form and in the German language and must be received by the company via the online service at www.basf.com/asm-service by midnight on April 26, 2025. A written statement may have a total length of no more than 10,000 characters (including spaces).

2. Requests to speak

Shareholders and authorized representatives who are properly registered and are participating in the Annual Shareholders’ Meeting by electronic means can submit a request to speak (Wortmeldung) via the online service during the Annual Shareholders’ Meeting and speak live in the Annual Shareholders’ Meeting by means of video communication (see hereon section 4. below). It is intended that the meeting chairman will also restrict the right to information in the Annual Shareholders’ Meeting to video communication. During the Annual Shareholders’ Meeting, you can therefore exercise your right to speak as well as your right to information only in the course of live-speeches. Questions cannot be submitted by any other means of (electronic) communication, neither before nor during the Annual Shareholders’ Meeting. You can withdraw your request to speak at any time before you are called on by the meeting chairman.

3. Motions and electoral proposals by shareholders

As a shareholder who is electronically connected to the Annual Shareholders’ Meeting you can announce shareholder proposals and elections nominations via the online service during the Annual Shareholders’ Meeting and thereupon submit them live in the Annual Shareholders’ Meeting by means of video communication (see hereon section 4. below). Shareholder proposals and election nominations may form a part of your live-speech. You can withdraw the announcement of your shareholder proposal or election nomination at any time before you are called on by the meeting chairman.

4. Video communication

a) Technical requirements

For the purpose of video communication, you should have a stable internet connection with an upload/download bandwidth of at least 5 Mbps. Please ensure a stable Wi-Fi connection or connect your device to the internet via a LAN cable. If possible, please close all other applications that use a high bandwidth or require a lot of computing capacity. Additionally, please note that connecting via an active VPN connection (virtual private network) may reduce the quality of the video transmission.

For video communication, you will also need an internet-capable device equipped with camera and microphone. Please use hardware that is oriented in landscape mode and has either a built-in or wired camera. A headset can help improving the audio quality.

A video connection can be established through the online service using all common browsers with the latest updates, e.g. Google Chrome, Microsoft Edge, and Safari for video communication. The installation of any additional software components or apps on the device is not required.

b) Process of video communication

When you have submitted a request to speak or announced a motion and electoral proposal via the online service, the meeting chairman will call on you in due course and ask you to enter the so-called virtual waiting room. At that moment, a dialogue window will appear in the online service. By clicking on the respective button, you can either enter the virtual waiting room or withdraw your request to speak, respectively your announcement of a motion or electoral proposal. In the virtual waiting room, you will be connected to an employee who will test the functionality of the video communication with you. As soon as the test has been successfully completed and it is your turn, the meeting chairman will give you the floor. Your video and audio will then be transmitted live to the Annual Shareholders’ Meeting.

5. Granting of rights

You grant us the unlimited, non-exclusive right to use your live speech contributions for the purposes of the Annual Shareholders’ Meeting, both in terms of time and space. We are entitled to grant sub-licenses to such rights of use for the purpose of the Annual Shareholders’ Meeting to our service providers whom we engage in the preparation and execution of the Annual Shareholders’ Meeting.

6. Indemnity against third-party claims

You are obligated to ensure that our use of live-speeches contributions (see section 5.) does not violate any personal rights or other rights of third parties (e.g. intellectual property rights). You are obliged to indemnify us against all alleged and actual claims asserted by third parties in connection with our use of your live-speech contributions. This includes the obligation to indemnify us from the costs of an appropriate legal defense. 

   

VI. Webcast of the Annual Shareholders’ Meeting

You can follow the live broadcast of the Annual Shareholders’ Meeting via the online service. Registration for the Annual Shareholders’ Meeting is not required for merely following the live broadcast via the online service. It is sufficient for you log in to the online service during the Annual Shareholders’ Meeting.

  

VII. Declare objection and request of inclusion in minutes pursuant to § 131 (5) German Stock Corporation Act

As a shareholder who is electronically connected to the Annual Shareholders’ Meeting, you have the option to declare an objection to the resolutions of the Annual Shareholders’ Meeting for the record via the online service. Through the same function, if your request for information has been refused, you can request that your question and the reasons for which the information was refused be included in the minutes of the Annual Shareholders’ Meeting. Declarations of objection and requests for inclusion in the minutes will be forwarded unchanged and in real-time to the notary recording the Annual Shareholders’ Meeting.

   

VIII. List of attendees

As a shareholder who is electronically connected to the Annual Shareholders’ Meeting you have access to the list of attendees of the Annual Shareholders’ Meeting. It will be provided via the online service prior to the first voting in the Annual Shareholders’ Meeting.

  

IX. User obligations

Please ensure that unauthorized persons do not have access to your shareholder number and password, so that no third party can utilize your access.

If you suspect unauthorized use of your account, you should have your access to the online service immediately blocked by calling the BASF shareholder hotline at +49 621 60-99888, which is available Monday to Friday from 9 a.m. to 5 p.m. CEST.

Please make sure you properly exit the online service. A proper logout of the program prevents unauthorized parties from being able to see or manipulate your data during your absence. In order to use the online service with all its functionalities (e.g. login, password reassignment or contributions via video communication), please use the latest operating systems and the latest version of browsers. Older versions of browsers or operating systems may not be fully supported.

   

X. Stability and availability / Exclusion of liability

The technical and organizational measures we have taken to provide for the availability and performance of our online services as well as data security conform to the latest standards. However, given the current state of technology, fluctuations and disruptions in the availability, performance, stability and reliability of our online services may occur. BASF SE has no control over the availability, performance, stability and reliability of the telecommunications network or the internet services and network elements provided by third parties. BASF SE can therefore neither guarantee nor accept any liability for the availability, performance, stability and reliability of the telecommunications network, the internet services and network elements provided by third parties, or for the uninterrupted access to our online services. Furthermore, BASF SE does not accept any responsibility for errors and defects in the hardware and software used for the online service, including hardware and software of the service companies involved, provided there has been no intentional wrongdoing or gross negligence. If security considerations make it appear absolutely neccessary, we reserve the right to suspend or discontinue our online services without further notice. In case of technical problems, please call the BASF shareholder hotline at +49 0621 60-99888, which is available Monday to Friday from 9 a.m. to 5 p.m. CEST.

  

XI. Notes on data protection

The security and protection of your personal data are top priority for us. We ensure this with state-of-the-art secure data communication methods.

You can find information about data protection for BASF SE shareholders at: www.basf.com/share/data-protection.

  

XII. Amendments to the terms and conditions of use

We reserve the right to amend the terms and conditions of use at any time. The current terms and conditions of use will be displayed every time you log in to the online service. By logging in to the online service, you explicitly accept the terms and conditions of use in the currently applicable version.

You can object to the terms and conditions of use in writing at any time. Please send your objection in writing to BASF SE, c/o ADEUS Aktienregister Service-GmbH, 20784 Hamburg, Germany, or via email to hv-service@basf.com.

Adaptation or amendment of these terms and conditions of use occurs in particular when we wish to technically enhance the online service or to take into consideration changes in legal, in particular those related to corporate law. For this reason, it is imperative that the terms and conditions apply uniformly for all users of the online service. Therefore, if you object to an amendment to the terms and conditions of use, we will treat your objection as a withdrawal of consent to participation in the email delivery of the invitation to the Annual Shareholders’ Meeting as well as the online service overall. In this case, your invitations to the Annual Shareholders’ Meeting be sent by post again in future.