Remuneration Report 

Dear Shareholders,

On behalf of the Board of Directors and the Remuneration and Nomination Committee (RNC), I am honored to present the Belimo Remuneration Report for 2025.

This report comprehensively details the influence of our outstanding 2025 performance on the remuneration of the Executive Committee. It also affirms that the compensation awarded to both the Board of Directors and the Executive Committee adhered to the limits approved at the 2025 Annual General Meeting (AGM) and is in line with market practices.

The Board of Directors values open dialogue with our shareholders, investors, and proxy advisors and is committed to understanding their views on executive compensation. Each year, the Board of Directors submits the Remuneration Report to a retrospective, consultative shareholder vote, allowing shareholders to express their opinion on the remuneration policy and systems for both the Board of Directors and the Executive Committee. In addition, they also seek the prospective shareholder approval on the maximum total remuneration for the members of the Board of Directors for the year following the AGM and for the Executive Committee for the next financial year.

The RNC assiduously managed compensation-related topics throughout the year. This included reviewing and setting the Executive Committee’s annual objectives, evaluating end-of-year performance, determining the remuneration for the Board of Directors and Executive Committee, and preparing for the say-on-pay votes at the AGM.

The Board of Directors, based on the recommendations of the RNC, has decided as of the AGM 2026 not to make any adjustments to the remuneration system of the Board of Directors. It believes that the current design of the remuneration system and the level of compensation is appropriate and in line with market.

The Board of Directors, based on the recommendations of the RNC, has decided to continue with the pre-existing compensation composition for the Executive Committee, i.e. fixed pay plus a performance-based variable pay with a long-term alignment through the award of restricted shares. No additional long-term incentive scheme will be introduced. We are convinced that the Belimo compensation system offers significant advantages by promoting a strong long-term focus, which is essential for balancing short-term, mid-term, and long-term objectives.

As of the AGM 2026 the composition of our Board of Directors will change. We plan to ask our shareholders to vote on Karina Rigby as a new member. With this new election and the decision of Martin Zwyssig and Stefan Ranstrand not to stand for reelection, the number of the Board of Directors will be reduced to 7. This will lead to the increase in female representation from 25.0% to 42.9% as of March 2026, overachieving the Swiss corporate law recommendation in force as of 2026.

Our dedication to diversity was further highlighted by the appointment of Sarah Bencic as Head of Group Division Americas to our Executive Committee as of March 2026, which will raise our female representation from 25.0% to 37.5% as of March 2026, overachieving the Swiss corporate law recommendation in force as of 2026.

We firmly believe that our robust governance and prudent remuneration policies are crucial for realizing our ambitious growth objectives. We extend our gratitude to you, our esteemed shareholders, for your continued insightful feedback and unwavering support. We trust you will find this report informative and valuable.

Sincerely,