Policy Statement on the Supply Chain
Due Diligence Act(LkSG)_________________________________

1 Foreword
Founded in 1867, Voith is today one of Europe's largest family-owned companies,
operating in over 60 countries worldwide.
The importance of sustainability andvalue-oriented business has always been
implemented in our strategy.
This Policy Statement on Human Rights
testifies to our deep-rooted ambition to act
ethically and responsibly, enhancing ourexisting regulations for comprehensive
compliance with our legal due diligenceobligations.
We commit to respecting human rights andenvironmental
regulatory
obligations
throughout our entire supply chain andconsider the protection of human rights
and the preservation of our environment
as central elements of our corporate culture.
We not only adhere to existing laws but
also expressly commit to upholding internationally recognized human rights andenvironmental responsibilities. To prevent
human rights violations and environmental
pollution in our business operations, wetake sustainable measures.
We condemn any form of child and forcedlabor as well as all forms of human trafficking and (modern) slavery. We are strongly
committed to promoting diversity and inclusion and reject discrimination.
We commit to complying with applicableoccupational safety standards at our locations, to paying fair wages, and to respecting our employees` freedom of association.
For us, environmental protection is a fundamental prerequisite for upholding human rights. Therefore, we advocate for
eco-friendly business practices that respect nature and promote sustainable resource use.

This Policy Statement applies to JMV SE& Co. KG, Voith GmbH & Co. KGaA, J.M.
Voith SE & Co. KG, their respective subsidiaries, and all group companies overwhich Voith has a determining influence("Group companies").
2 Risk management
To meet our due diligence obligations under the Supply Chain Due Diligence Act(LkSG), we have established and implemented comprehensive methods for risk
analysis and for the prevention and remediation of human rights- and environmentrelated violations in all relevant businessprocesses for both our own business areaand for our suppliers, particularly in the areas of procurement, supplier management, and quality.
The supervision of the implementation andeffectiveness of risk management systemis the responsibility of the Voith HumanRights Committee, consisting of the Chief
Financial Officers (CFOs) of the Group Divisions and the Voith Group.
3 Priority on human rights and environmental risks
Our primary focus is on prioritizing humanrights and environmental concerns to ensure the integrity of our business practices.
Our risk analysis concentrates on identifying risks that could affect workers, communities, the environment, and human rights.
In doing so, we consider the social, environmental, and ethical dimensions of oursupply chain. We carefully assess factors
such as supplier locations, industry practices, and regional contexts.
Prioritizing these risks forms the basis forresponsible procurement and sustainablesupply chain management.

4 Risk analysis

5 Preventive measures

We conduct the identification and assessment of risks along our supply chain and in
our own business area in accordance withthe requirements of the LkSG.

We implement comprehensive measures
aimed at identifying, preventing, or reducing potential risks related to human rights
violations and breaches of environmental
due diligence obligations in our supply
chain, as well as in our own business operations. These measures also serve toensure that our employees and our suppliers are familiar with our ethical, social, andenvironmental standards and expectations
and comply with them.

4.1 Risk analysis in our own business
area
Voith has introduced regulations that provide a high standard for the protection ofhuman rights and the environment. The
validity and application of these regulations in our Group companies reduce thelikelihood of a breach of due diligence obligations under the LkSG. Accordingly, ourGroup companies are classified as lowrisk. If necessary, we conduct additional
ad hoc risk analyses.
4.2 Risk analysis for suppliers
At least once a year, we conduct an analysis to identify human rights-related andenvironmental risks among our direct suppliers. This is done in two steps:
Assessment of country risks based on various indices, such as ITUC Global Rights
Index, UN Ratification, Unicef Child Labor
Data, etc.
Assessment of industry risks: The classification of the commodity group codes usedat Voith into different risk categories isbased on external sources for risk assessments and our own empirical values.
All direct suppliers that exhibit both an increased country risk and an increased
sector risk are assigned a higher risk rating.
In certain cases, we also conduct ad hoc
risk analyses, for example, if there is substantiated knowledge of a human rights orenvironmental obligation violation by asupplier or if the risk situation changes.

5.1 Preventive measures in our own
business area
We raise awareness and train our employees on human rights and environment-related risks and the associated due diligence obligations. For this purpose, we
use online training, especially in the areasof quality, procurement, and supplier management. In addition, we regularly conduct
compliance training for other target
groups.
5.2 Preventive measures regarding direct suppliers
If the risk analysis reveals human rights orenvironmental risks with a direct supplier,over whom we have significant influence
due to factors such as purchasing volume
or legal frameworks, we assess the probability of a violation and the necessity ofcountermeasures through an additional
compliance survey.
Suppliers registering for the first time in ourprocurement system also undergo an integrity assessment.
Additionally, we offer training to suppliers
classified with a higher risk level.
During our supplier audits, human rights
and environmental aspects are examinedin accordance with the LkSG requirements, if necessary.

5.3
Effectivenessmeasuresofpreventive

The effectiveness of the preventive
measures is reviewed at least annually after the fiscal year-end. Particularly, reported and generally known violations at
our direct suppliers and within our own
business operations are considered.
6 Remedial measures
As soon as we determine that a violationof a human rights or environmental obligation within the meaning of the LkSG has
already occurred or is imminent ("humanrights or environmental incident"), we willtake appropriate remedial action without
delay. Voith's ability to influence the supplier is also taken into account (amongother things due to the legal framework).
6.1 Remedial measures in our own
business area
We immediately investigate violations
within our own business operations. In collaboration with Compliance, Quality,
Health Safety Environment, and other relevant departments, the issue is investigated, and measures are determined. Aninternal audit may be necessary.
6.2 Remedial measures regarding suppliers
In case of human rights or environmental
violations at a direct supplier, a defined escalation process is initiated. This includes,
among other things, the investigation of
the violation and the development of anaction plan with the supplier. Conducting a
Supply Chain Act review or supplier audit
on-site is one way to verify the situation, orthe action plan developed.
This approach also applies to indirect suppliers in case of reported or known violations.
Our focus is on preventing or ending imminent or existing breaches of duty. If thiscannot be achieved in specific cases incooperation with the supplier, we reserve
the right, in consultation with the Voith Human Rights Committee, to decide on thecontinuation of cooperation with the respective supplier.
7 Complaints procedure
Independently of the risk analysis and theidentified risks, we have established an internal company complaints procedure thatenables all affected individuals to reporthuman rights and environmental risks, aswell as violations of human rights and environmental obligations in accordance with
the LkSG.
The handling of information and complaints at Voith is regulated by proceduralrules.
The Voith Group ensures that there arededicated reporting offices in all Voith regions, offering a broader range of languages for submitting information or complaints.
The complaints procedure, including regional contact details, is publicly accessible on our website: Compliance / Whistleblower System | Voith
We regularly review and further develop
the effectiveness of the complaints procedure.
8 Documentation and reportingCompliance with due diligence obligations
under the LkSG is continuously documented within the company's internal ITsystems. The documentation is retained
for at least seven years from its creation.
Annually, a report on the fulfillment of thedue diligence obligations under the LkSG
in the previous fiscal year is prepared andpublished on the Voith website fourmonths after the fiscal year-end. The report is publicly accessible there free ofcharge for a period of seven years and isalso submitted annually to the Federal

Office for Economic Affairs and Export
Control (BAFA).
9 Our expectations regarding humanrights and environmental expectations
The principles outlined in this Policy Statement primarily apply to our own businessarea, i.e., all of our employees.
We also expect our suppliers and business
partners to commit to respecting our principles. They should develop and establish
appropriate and effective procedures toaddress and prevent identified risks and violations, as well as to uncover potential future risks.
Our Code of Conduct also clearly andcomprehensively communicates our fundamental expectations of our employees
and suppliers with regard to human rights

and environmental due diligence obligations. We are committed to continuously
developing our human rights and environmental due diligence processes.
10 Implementation
To implement the measures and processes described in this Policy Statement,
we occasionally utilize other Group companies through delegation.
11 Concluding remarks
With this Policy Statement, we reaffirm ourdeep-rooted commitment to respecting human rights and responsibly managing ouroperational processes and supply chains.
By prioritizing these principles in our actions, we contribute to positively influencing global value chains.

_______________________
Dr. Toralf Haag
CEO Voith Group_______________________
Stephanie Holdt
CFO Voith Group_______________________
Andreas Endters
CEO Voith Paper_______________________
Dr. Tobias Keitel
CEO Voith Hydro_______________________
Cornelius Weitzmann
CEO Voith Turbo