pg. 2

"We recognize the risk of modern slavery within the textile and footwear industries. All forms of modern slavery, including but not limited to forced labor, bonded labor, child labor and human trafficking are defined as Zero Tolerance Issues [ZTIs) as stated in PUMA's Sustainability Handbook - Social Standards. New factories with zero tolerance issues will not be admitted into PUMA's supply chain. For active factories, the remediation of ZTIs is treated with the highest priority. Should a factory fail to remediate any identified ZTIs withinanagreedtimeframe,thebusiness relationship with this factory will be terminated."

pg. 4

"Overall, our supply chain team identified three cases of zero tolerance issues in 2019. These cases were related to the underpayment of minimum wages. All factories were asked to immediately remedy the issues in question. The three factories rectified the payments and therefore remained active PUMA suppliers."