DocuSign Envelope ID: 7ED5B763-77EB-495F-9678-E93A7C5F1D66

MODERN SLAVERYSTATEMENT FY23

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INTRODUCTION
This statement is intended to serve as:•

Annual statement required to be published for the purposes of the United
Kingdom’s Modern Slavery Act 2015.
• The required disclosure for the purposes of the California Transparency in Supply
Chains Act of 2010.
• The required modern slavery risks reporting as per Australian Modern Slavery Actof 2018
In compliance with the main Modern Slavery Acts listed above, the Wella group ofCompanies ("WELLA" or "We" or "Our") describes hereinbelow the efforts it has made in
the fiscal year 2023 (July 1st, 2022, to June 31st, 2023) to prevent the presence of humantrafficking, slavery, and forced or child labor in its operations and its businesses.

1. OUR OPERATIONS, GUIDELINES AND PROCEDURES
1.1. The Company’s organisation and area of operation“The Wella Company” is a global group made of numerous companies spanning acrossthe globe. The headquarters of Wella Company are located in New York, London andGeneva.
We are a global leader in the beauty industry, operating in 127 countries with iconic hair,nail, and beauty tech brands such as Wella Professionals, O.P.I, ghd, Briogeo, Nioxin,
Sebastian Professional and Clairol.
Our products are manufactured either in WELLA owned facilities located in Germany,
Thailand, and Mexico, or through external production by third-party manufacturers. The
company's value chain also encompasses, among others, offices, distributors, direct anddigital marketing.
We promote the principles set out in the United Nation’s Universal Declaration of HumanRights, the International Labor Organization’s Declaration on Fundamental Principles andRights at Work and the OECD Guidelines for Multinational Enterprises.
We have joined the United Nations Global Compact and have committed to embedding
its principles in the areas of human and social rights, labor, environment, and anticorruption, into our day-to-day operations.

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MODERN SLAVERYSTATEMENT FY23

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1.2. Internal guidelines and procedures
Wella Company supports the International Labor Organization (ILO) declaration on theFundamental Principles and Rights at Work and is determined to not use, benefit of, or workwith anyone who uses forced, compulsory, trafficked or child labor.
At Wella Company, we seek to ‘do the right thing’ and operate with integrity acrosseverything we do. We promote ethical behavior and expect that everyone in the organization
follows WECare, our new Code of Conduct as an independent company, published in
December 2022. It is designed to respond to and manage the ethical risks that Wella
Company faces and aims to provide clarity to company stakeholders about our commitment
to doing what is right. WECare is accessible in multiple formats as well as being availablein 11 languages. We require our employees to complete global mandatory training on
WECare every year.

WECare also applies to third-party partners (suppliers, customers, distributors, etc.). We aim
to ensure that they make commitments to be in compliance with relevant applicablegovernmental, legal, regulatory rules related to human rights in the workplace, and within thelocal communities they operate.

Wella Company sets specific requirements for suppliers and business partners through ourcontractual terms and or in WECare, our Company Code of Conduct. We work with ourexternal business partners, which include suppliers, consultants, agents, retailers,distributors, salons, drugstores, stylists (“Business Partners”) in an honest, respectful, andresponsible way and we expect them to treat us with reciprocity.
As we care about international human rights and Fundamental Principles and Rights at Work,
we aim to work with those who share our commitments to ethics and compliance with thelaws and regulations of all the countries in which we operate and in accordance withrecognized international standards.

We work to promote a secure workplace that safeguards health, safety, and the environment.
We work to mitigate the risk of injuries in the workplace, and our goal is that incidents andconditions that may cause danger are reported, regardless of the seriousness of the incident.
We expect our officers, directors, employees, and Business Partners to act in accordancewith human rights and to respect rules on decent working conditions.

1.3. The Company’s due diligence routines
The Company carries out due diligence assessments of our directly owned businessDocuSign Envelope ID: 7ED5B763-77EB-495F-9678-E93A7C5F1D66

MODERN SLAVERYSTATEMENT FY23Page 3 of 4operations.
In January 2023, we implemented the EcoVadis platform that allows us to gain visibility,control, and monitoring of the ethical, legal, and environmental conduct of our Businesspartners.
We map and assess our most strategic Business partners in higher-risk countries. By the endof June 2023, we had mapped suppliers covering 50% of our products costs across Wella
Professionals, OPI, Nioxin, Sebastian Professional and Clairol branded businesses.
Moving forward, our Procurement function across the Wella Company, including our ghd andBriogeo businesses, the Company will use EcoVadis to define with our suppliers the rightcorrective actions where needed.
We have conducted an overall analysis to map our operations and business relationships
across our supply chain to identify and prioritize the most important risk areas and to identify
potentially higher-risk suppliers. This due diligence assesses information regarding risks
associated with the industry, geography, products, and companies.
Looking ahead, we will focus on addressing the most prominent areas of risk identified andconduct assessments of prioritized operations, suppliers, and business partners to identify
and evaluate actual and potential negative impacts and determine appropriate follow-up
actions.
Lastly, we are working on implementing Wella Company’s Responsible Sourcing Strategy
which describes who we partner with, what we buy and how we will grow sustainably. We are
seeking to reduce the environmental impact of our products for consumers, stylists,
customers, and our employees, and we are working together to build an increasingly
sustainable and more socially conscious business. This Responsible Sourcing Strategy willreinforce our company's commitment to more sustainably sourced and eco-friendly products.

2. ACTIONS AND RESULTS
The Company has developed a redesigned Third-Party Due Diligence process to be
executed across its own operations and supply chain.

2.1

Measures in own operations
At Wella Company, we are committed to respecting, upholding, and advancing humanrights and ethical labor standards within our workforce. We do not tolerate humantrafficking, slavery or forced and child labor.
Wella Company has established whistleblowing procedures and introduced policies,
which include requirements for all employees to treat each other with respect and refrainDocuSign Envelope ID: 7ED5B763-77EB-495F-9678-E93A7C5F1D66

MODERN SLAVERYSTATEMENT FY23

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from any form of abuse, bullying or harassment. Employees of the Company also havethe option to contact the Company's global compliance officers or use the Company's
hotline operated by an independent third-party Company, Convercent. There are forms
on the website, an email address, and a 24-hour helpline where both employees andexternal parties can submit anonymous reports.
Ongoing training and education on ethics, integrity, and compliance with the group'sguidelines and procedures, are also provided. The Company prohibits retaliation or any
form of adverse action, practice, or omission because of, or in response to an employee's
good faith report.

2.2

Measures in the supply chain
Obtaining sufficient information and insights about potential or actual risks throughout thesupply chain, down to the raw material stage, is challenging in some areas. Therefore,
we are working systematically and continuously to improve our due diligenceassessments to gain a more complete overview of our overall risk landscape. We will do
this, among other things, by requesting information from Business Partners about how
they handle the risk of human rights violations and working conditions in their own
operations and supply chains, as well as the requirements they impose on their suppliers
and business partners in this regard.
We are working to gain deeper and more complete insights into our global supply chain.
This will enable us to evaluate and prioritize the actions we can implement to reduce therisk of human rights violations in the supply chain. Through WECare, we promote thespeak up culture and ask our employees and contractors to speak up if they see a current
or potential business partners of Wella Company using or benefiting from slavery, forced
or child labor.
***
As per the Board of Directors’ power of attorney:
The statement has been issued and approved, byFrank Smalla
Wella Company’s Chief Financial and Operating Officer