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CODE OF CONDUCTKARL MAYER CODE OF CONDUCT

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FOREWORD

DEAR EMPLOYEES,Our company stands for more than 80 years of decisive
impulses and innovations for the textile industry, but at
the same time also for a corporate culture that has
evolved and is unique to us. The values, standards andattitudes that unite us go back to our founder Karl M­ ayer.
They are trust, fairness and stability. We actively livewith and for each other, treat each other with r­ espectand show the same appreciation for our business part­
ners, stakeholders and the environment.

guide and ­applies to every single employee of the KARL
MAYER Group, right up to the management. Our Code ofConduct is dynamic and will be expanded as required.

This common identity is both a strength and an­obligation. Together we bear the responsibility for thereputation of our group of companies; each individual
shapes the community.

Therefore, we ask you to read the Code of Conduct care­fully and to understand it as a firm guideline for our daily
work at KARL MAYER.

Our Code of Conduct is not only an aspiration for our­selves; it is also a promise to our business partners,­customers and colleagues, as well as to our society.
With our corporate culture as basis, we give them alla firm value promise.

The Management
This Code of Conduct brings together all the important
basic principles that apply at the KARL MAYER Groupand defines firm guidelines for our work. It serves as a

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The KARL MAYER Group acts on the basis of trust,­fairness and reliability. It assumes its corporate­responsibility in economic, ecological and social terms.
The present Code of Conduct describes what thismeans in detail for all employees and managers. Theprinciples and behaviours contained herein have been
adopted by the management and are fully supported by
the Mayer family.

They are based on our corporate guidelines, which pro­vide orientation for our actions, and they are also basedon our organizational guidelines with concrete rules andregulations for specific situations and processes in thebusiness environment.
Each individual member of the staff is called upon to takepersonal responsibility for complying with our Code ofConduct. We also represent this claim to our business
partners and stakeholders.

For better readability, gender-specific wording has been avoided in this document.
The chosen masculine form stands for all genders.

The KARL MAYER Group actson the basis of trust, fairness andreliability.

KARL MAYER CODE OF CONDUCTRULES OF CONDUCTPRINCIPLESSOCIETY

DEALING WITH INFORMATIONPROTECTION OF PROPERTY

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PRINCIPLESKARL MAYER stands for fairness, trustand stability as well as for motivated,responsible employees.
This is the basis of our reputation andof our sustainable economic success.

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PRINCIPLES
Compliance with law and order
For us, compliance with laws and regulations is an es­
sential basic principle of responsible action. We observe
the applicable legal obligations and requirements andact in accordance with ethical principles.
Integrity and appreciation
At KARL MAYER, we live a climate of appreciation andmutual trust. Integrity is an indispensable prerequisitefor trust. Private interests and personal advantages
must not influence our business decisions.
Fair competition
We are committed to fair and open competition and todealing with business partners and third parties in thesame way. We comply with the applicable competition
law. In our external communication we focus on ourown values and strengths and not on our competitors.
Business relations
KARL MAYER stands for fairness, trust and stability,
as well as for motivated employees who act responsibly.
This is the basis of our reputation and our sustainableeconomic success. We refrain from any form of corrupt
behaviour. Corruption is not tolerated: Bribes or­collusion are not a means for us to obtain a contract.
­Violations are not tolerated and lead to sanctions
against the persons concerned. Our customers fromthe private and public sector trust in the integrity andreliability of our company.
Business allowances
We limit the exchange of business gifts and benefits­between business partners as regulated in the respec­tive applicable Group Policy. The gifts may not influence
our business decisions or those of our business partners.

Prevention of money laundering
The KARL MAYER Group fully complies with its legal
obligations to prevent money laundering. Business rela­tionships will only entered into and conducted with part­ners who are in compliance of international and national
legal standards. If there is a substantiated suspicion
that the business relationship with the KARL MAYER
Group is i­ntended to be used for money laundering, thebusiness relationship must not be entered into or must
be terminated. Legally regulated and necessary due­diligence obligations and checks are c­ arried out by theemployees. Every member of the staff is required totake respon­sibility for having any unusual transactions
that could give rise to suspicion of money laundering
checked ­immediately by the Special Projects, Export
Control & Money Laundering department in case ofdoubt.

Foreign trade law and export control
The principle of free and unrestricted foreign trade­applies. Restrictions are regulated by law through­various legal bases. Goods, technologies, softwareand technical advice are affected by export control­regulations. The KARL MAYER Group fully complies
with existing regulations on foreign trade and export
control. When exporting and importing goods, the­applicable customs laws and regulations are observed.

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SOCIETY
Each member of the workforce pro­
motes the safety and health protection
in his or her working environment andcomplies with the relevant regulations.

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SOCIETY
Environmental and climate protection
Sustainable environmental and climate protection as
well as resource efficiency are important corporate
goals for us. We take responsibility for our environment:
In all our business activities, we attach importance toenvironmental friendliness and energy efficiency –from product development and production to packaging
and transport. Every member of the workforce has a­responsibility to treat natural resources with care andto contribute to the protection of the environment andclimate through their individual behaviour.

Equal treatment and non-discrimination
A culture of equal opportunities, mutual trust and mutual
respect is of great importance to us. At KARL MAYER,
we treat all employees, partners and customers equally,
regardless of gender, age, skin colour, culture, ethnic­origin, sexual identity, disability, religion or belief. Thisis also expressed in our language. We promote equal­opportunities and prevent discrimination in everyday
working life, in the recruitment of employees and in thepromotion or granting of training and further education
measures.

Donations
We see ourselves as an active member of society andare involved in activities with a regional focus. We makedonations, sponsorships and other forms of social­commitment in our company’s interest. Our commitment
follows firm and transparent guidelines. Donations may
only be made to organisations recognised as charitable,non-profit, research or teaching organisations.

Human and workers’ rights
We respect internationally recognized human rights andsupport their observance. We strictly reject any form offorced labour and child labour. The right to adequate­remuneration is recognized for all employees. Remuner­
ation and other benefits comply at least with the legal
requirements of the respective country in which we­operate with our companies.

Political representation of interests
We conduct political lobbying in an open and transparent
manner and exclusively bound to our corporate purpose.
We comply with the legal requirements on lobbying andavoid undue influence on politics and legislation under
all circumstances.

Occupational safety and health protection
Occupational safety and health protection are includedin the technical and economic considerations of all­operational processes from the very beginning. Eachmember of staff promotes safety and health protection
in his or her working environment and complies withthe relevant regulations. Every manager is obliged to­instruct and support his or her employees in the fulfil­
ment of this responsibility.

Appearance and communication in public
We respect the right to freedom of expression and theprotection of personal rights and privacy. Every single
member of our staff should be aware that he or she canalso be perceived as a part and representative of theKARL MAYER Group in the private sphere. When
­expressing private opinions, we make sure that the­respective function or activity at KARL MAYER is notconnected with the statement.

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DEALING WITH INFORMATION

We attach importance to an open andtruthful reporting and communication
about the company’s business transactions
vis-à-vis shareholders, employees,­customers, business partners, the publicin general and state institutions.

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DEALING WITH INFORMATION
Data protection
For the KARL MAYER Group, data protection is not onlya legal r­ equirement, but also an expression of honest
and fair behaviour towards employees and businesspartners. The protection of personal data, in particularof our e­ mployees, customers, suppliers and other part­
ners, is of particular importance to the KARL MAYER
Group. We collect or process personal data only if this isnecessary for carrying out the respective work task or if
it is required by law. We do not collect any personal data
without the consent of the person concerned or without
being legally permitted to do so. We comply with theEuropean Data Protection Regulation.

ReportingWe emphasise open and truthful reporting and com­munication about the company’s business transactions
to shareholders, employees, customers, business part­
ners, the public in general and government institutions.
Each employee ensures that both internal and externalreports, records and other company documents always
comply with the applicable legal rules and standards.

KARL MAYER CODE OF CONDUCTPROTECTION OF PROPERTY

The intellectual property of our company
represents a competitive advantage forthe KARL MAYER Group and therefore
we need to protect these assets from any
unauthorized access by third parties.

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PROTECTION OF PROPERTY
Company property
We use the company‘s property, resources and businessdata appropriately and protect them against loss, theft,damage, manipulation or misuse. We protect our central
business processes together with the required informa­tion and IT systems by means of information securitymeasures. The precautions concern the technical­protection of IT systems and the general handling of­information within the company. For this purpose, wecreate globally valid security standards and integrate
information security into internal processes. Every­employee is instructed in data security issues and is­responsible for following the internal IT security­guidelines. The intellectual property of our company
represents a competitive advantage for the KARL­MAYER Group and therefore an asset worth protecting
against any ­unauthorized access by third parties. Weuse tangible and intangible property of the company­exclusively for company purposes.

Intellectual property and copyrights of third parties
Just as we protect our own business information, weare committed to respecting the intellectual propertyof others and their proprietary information. We do not­accept or make use of the confidential information ofothers unless it has been agreed in advance on a­contractual basis and in writing. We do not use any­materials or data protected by copyright or otherwise
unless we are expressly authorized to do so.