Dear Employees, dear Business Partners,

CodeofConduct
October 1, 2023

As a multinational company we provide top-quality products and services throughout theworld. Our commitment is the basis for our success, both today and in the future.
The Forbo Code of Conduct sets out our most important business principles and basic values
which are based on the Forbo Way to Win. These principles and values define the identity ofForbo.
The Code of Conduct is central to the way we protect and develop our reputation. It is built on
the principles of integrity, transparency and fairness, and describes how we behave. The Code ofConduct shall serve as a guideline in your daily work even if not each and every situation can becovered.
The Code of Conduct not only ensures but goes beyond compliance with the laws andregulations wherever we run our business. It demonstrates our commitment to acting ethicallyand with integrity in every situation while at the same time respecting people’s rights asindividuals. We expect this of every single employee, everywhere, every day. We also expect thisof all our business partners. High standards in our relationships are the foundation for lasting
success.
We ask you to comply with the Forbo Code of Conduct and play your part in turning into action
the high standards of conduct which all of our stakeholders expect from Forbo.

This E. Schneider
ChairmanJens Fankhänel
CEOflooring. movement.

Forbo Core Values

Responsibilities

Forbo Way to Win In order to ensure a strong and common organizational
culture throughout the Forbo Group, we have defined three core values which
encompass three specific guiding principles:

Inspiring– Developing ideas and seizing opportunities– Knowing what matters and focusing on it– Raising enthusiasm and convincing others

Shareholders It is Forbo’s aim to increase shareholders’ value. This includes protecting
shareholders’ investment and providing a sustainable long-term return higher than those ofother leading companies in the same or similar industries.
At Forbo, the concept of Corporate Governance encompasses the entire set of principles andrules on organization, conduct and transparency designed to protect the shareholders’ interests.
Further information on the Forbo concept of Corporate Governance can be found in theAnnual Reports.
Employees Forbo employees play a fundamental role in the performance of Forbo as abusiness. Forbo promotes the skills and competencies of its employees through internal training
and continuing education activities, ensures fair treatment of all employees and aims for thehighest, internationally acknowledged benchmarks of fairness, honesty and integrity.

Daring– Taking bold and decisive action– Giving our all with power and passion– Achieving goals with determinationand stamina

Caring– Challenging and encouraging oneselfand others– Taking responsibility and making a difference– Leading by example to shared successCustomers Forbo is committed to providing products and services which consistently offervalue in terms of price and quality, and which are safe for their intended use.
Suppliers, Distributors and other Business Partners Forbo pursues mutually beneficial
relationships with its business partners, in particular suppliers and distributors. The company
seeks and prefers business relationships with partners who are committed to the basic principlesof this or a similar, own code of conduct. This includes the obligation to act fairly and withintegrity towards stakeholders, to protect the environment, and to observe the applicable lawsof the countries in which they operate.
Society/Community Forbo strives to make a positive contribution to the well-being of society
and the local communities in which it operates. Forbo is conscious of its social responsibility andtakes this very seriously. Forbo observes the applicable tax regulations and rejects tax evasion
and activities that facilitate it.
Environment Responsible use of resources in all dimensions is one of Forbo‘s basic values. We
are committed to protecting the environment and continuously investing in a sustainable
future. More information about Forbo‘s sustainability efforts can be found in the Sustainability
Reports, which are published annually and are available on Forbo‘s website.

Code of Conduct – Forbo Group2

Compliance with laws andinternal regulations

Businessprinciples
andstandards

Forbo and its employees comply with all applicable laws and regulations,
national and international codes and conventions wherever they dobusiness.
The laws and regulations may differ from country to country, and sometimes
may be in conflict with each other or difficult to interpret. In this case,
employees are expected to comply with the applicable laws to their best
knowledge and belief, and to ask for advice when uncertain.
Forbo has implemented such laws and regulations through internal regulations
and guidelines which may go beyond the minimum legal requirements.
Forbo employees are expected to go the extra mile in not only ensuring strict
compliance with laws and regulations but also in contributing towards theachievement of the goals of such laws and regulations.

We undertake to be aware of the laws and Forboregulations and guidelines that are relevant for theexercise of our professional duties. We undertake tocomply with each and any such law, regulation orguideline.

Code of Conduct – Forbo Group3

Business integrity: no toleranceof any form of corruption
Corruption distorts competition, leads to higher costs, destroys the trustof customers and suppliers, and ultimately puts jobs at risk. Hence, Forbo
rejects any interference with or falsification of competition by bribery,
facilitation payments, fraud, industrial espionage, theft, coercion etc.
Also, no donations may be made to political parties, to politicalorganizations or to individual persons holding political office.

Facilitation payments
Any sort of facilitation payments (or so-called ‘‘grease’’ payments) to local, national
or international officials, even when these are small in amount, which are madeto secure or expedite the performance of routine or necessary actions to which
the payer of the facilitation payment has a legal or other entitlement, are a formof bribery. Hence, such payments may not be made.

Forbo generally prohibits the offering, giving or taking of bribes in whateverform (including, but not limited to, improper commission payments or othermeans to provide improper benefits to customers, agents, suppliers, officials orcontractors). Forbo also prohibits its employees from arranging or accepting
monetary benefits or improper commissions for their own benefit or that of
their families, friends, colleagues or acquaintances.

Gifts, entertainment and other advantages
Forbo prohibits the offer or acceptance of gifts, entertainment, hospitality,
expenses or other advantages whenever such arrangements have any effect ormight reasonably be believed to influence the outcome of business transactions
or are not reasonable and bona fide expenditures.
All gifts received by a Forbo employee should be notified to the supervisor.

Employees, who attempt to unfairly influence officials or allow themselves to be
unfairly influenced by acts as mentioned above will be punished by either
disciplinary or labor law measures – notwithstanding any other consequences
under civil or criminal law.

Code of Conduct – Forbo GroupWe do not engage in any form of bribery (including
facilitation payments), whether active or passive,direct or indirect. We do not offer or accept any
inappropriate gifts or other advantages.

4Fair Competition

Forbo is committed to the principles of fair competition. It ensures that all
business practices fully comply with the applicable competition laws andlaws against unfair competition wherever business is conducted.
In particular, the following practices are prohibited:– explicit or tacit agreements with competitors on pricing, allocation of territoryand quantities and the exchange of information on any of these;– explicit or tacit agreements with suppliers and distributors or other customers
which unlawfully restrain competitors, suppliers, distributors or customers;– abuse of a dominant market position (monopolization).
Any acquisition or entering into a joint venture agreement requires the consent
of Corporate M&A, who will arrange for the necessary clearances of thecompetent authorities.

We comply with the applicable competition laws.
We deal fairly, honestly and in good faith withcustomers, business partners, the public, ourcompetitors, third party service providers
and others.

Rights of Employees

Labor rights
Forbo complies with all labor laws, national and international codes andconventions. Forbo recognizes the employees’ rights to become members oflabor unions and similar associations. The representatives of such unions orassociations shall not be discriminated.
Forbo does not use forced or compulsory labor. Forbo pays market-rate wages,
does not demand excessively long working hours, and remunerates overtime inline with the applicable working time laws. Forbo refrains from any form of childlabor.
Discrimination and harassment
Forbo is committed to maintaining a workplace environment free fromdiscrimination and harassment. Forbo does not tolerate any form ofdiscrimination based on race, gender, religion, creed, national origin, disability,age, sexual orientation, political views or other similar characteristic features.
Career development
Forbo fosters the development of the careers of its employees, in particularthrough continuous education, job enrichment, job rotation and management
development.

We provide equal opportunities and an environment
where we respect the rights of colleagues to work
free from any form of discrimination or harassment.

Code of Conduct – Forbo Group5

Health, Safety and Environment

Conflicts of interest

Forbo attaches great importance to the protection of the environment andthe health and safety of its employees as well as any other persons whocould be affected by its activities or products.

Forbo employees shall act in an objective manner and thus avoid any
activities or engagements which might be detrimental to the interests ofForbo or which are in conflict with their professional responsibilities.

It is the responsibility of each individual working for Forbo to comply with allenvironmental regulations and all legal regulations concerning the protection ofhealth and safety. Beyond these legal requirements, every employee shall aim toconserve the environment in which he or she works, and to reduce the ecologicalfootprint of their activity for Forbo. Forbo will provide information, training andmotivation to encourage employees to act in an environmentally responsible andsustainable manner.

Conflicts of interest mostly arise when an employee is in a position to awardbusiness contracts, hire staff, has access to potentially interesting informationon the financial markets, or is offered employment by a competing company.
Situations which lead to conflicts of interest are, in particular:

We comply with the letter and the spirit of healthand safety laws as well as environmental regulations,and respect and protect the environment whereverwe work.

– outside employment or collaboration which may conflict with theperformance of the job at Forbo;– contracting with business partners that are managed by family members orfriends;– investments in companies that compete with Forbo.
Employees shall not take part in any business activities where they may be
influenced by their personal relations that are, or may be construed as ahindrance to objective decision-taking.
In situations when an employee’s personal, family or financial interests are in
conflict or may be in conflict with those of Forbo, the employee is expected todisclose all relevant information and ask advice from his/her superior or theCorporate Compliance Officer.

We conduct all business trans­actions with the bestinterests of Forbo in mind. Under no circumstances
will we exploit any business opportunity thatconflicts with the interests of Forbo.
Code of Conduct – Forbo Group6Use and protection of assets
and information
Employees entrusted with property belonging to or controlled by Forbo
are responsible for the careful use and protection of such assets.
Company assets are intended to be used for business purposes only.
Personal use is limited and only allowed if it is not in conflict with
the interests of Forbo, this Code of Conduct or other rules and policies.
Internal company information and intellectual property must be treatedconfidentially except to the extent that Forbo or a Forbo employee is required
to disclose such information in the proper course of his/her duties or by law.

Records and Accounting

All business transactions are recorded in an accurate, complete, true, fair,consistent and timely fashion. All books and accounts must be available
for internal and external audit.

We properly record all business transactions
in our books.

Data Protection and Privacy
Forbo respects and protects personal data and the privacy of the individual.
Employees who process personal data are required to comply with the specificregulations and to treat such data in a way that complies with the applicablelaws, and, in particular, to respect the privacy of the individual.
Use of information technology
E-mail, intranet and internet systems are provided by Forbo for business use.
Regarding the use of computers, the intranet, the internet and the software atwork, all employees are required to follow the internal Forbo guidelines. Allemployees are required to protect the networks of the Forbo Group and toavoid criminal acts and the misuse of software.

We protect Forbo’s assets and intellectual property
rights. Personal data shall be processed in a way thatensures the privacy of the individual.

Code of Conduct – Forbo Group7

Regulations regarding tradingof Forbo securities
Forbo Holding Ltd is listed on the SIX Swiss Exchange, Zurich, Switzerland.
Its shares are publicly traded and Forbo and its employees are therefore
subject to particular rules and restrictions.
Ad hoc publicity
Forbo is subject to the SIX rules on ad hoc publicity. These rules regulate the use
and disclosure of price-sensitive, not publicly known information that arises inconnection with the business activities of Forbo. Price-sensitive informationconsists of factual information (new facts or other information such as financial
figures, acquisitions, etc.) the disclosure of which is likely to result in significant
movements in the price of securities. The disclosure of such information issubject to particular rules that ensure that disclosure is made in a coordinatedand timely manner that ensures equal treatment for all market participants.
Forbo employees may not disclose price-sensitive information. All disclosure ofprice-sensitive information has to be coordinated by Corporate
Communications.
Insider trading
Forbo prohibits securities trading with Forbo securities (such as shares, options,etc.) based on material non-public information. Such information is material if
an investor could consider it as important in deciding whether to buy or to sella Forbo security.

Code of Conduct – Forbo GroupForbo employees shall not use material non-public information for personal
gain or for the personal gain of others. They shall not disclose such material
non-public information to anyone, including friends and family. In the event ofan employee obtaining material non-public information, that employee isprohibited to trade on, or otherwise profit from, such information.
Details on this subject are contained in the Forbo Holding Ltd Securities Trading
Policy which applies to all Forbo employees.
Swiss Code of Best PracticeForbo goes beyond what is legally required and operates in line with theprinciples of the Swiss Code of Best Practice.

We undertake not to disclose price-sensitive
information regarding Forbo to the public and not touse material non-public information for personal
gain or for the personal gain of others.

8Implementation and ComplianceThis Code of Conduct replaces the Code of Conduct of December 1, 2020. It applies to all
employees of Forbo and is an integral part of the employment contract. Every employee
receives a copy of the Code of Conduct when he/she joins Forbo.

We know the content of this Code of Conduct and abideby its obligations.

The Code of Conduct is public and, therefore, also available on Forbo’s website.
Regular compliance audits are performed with respect to the adherence to applicable laws andregulations as well as this Code of Conduct.

Any violations of this Code of Conduct must be communicated to the Corporate Compliance
Officer of Forbo (via e-mail to compliance@forbo.com or by telephone at +41 58 787 25 46). If
this appears appropriate, violations may also be reported to the respective superior or theHuman Resources department. Employees, business partners and third parties can reportviolations via the Forbo Integrity Line, which can be accessed on Forbo’s website and offers ananonymous reporting option. Forbo welcomes all information of this kind passed in good faith.
Forbo strives to ensure that employees who communicate violations are in no way
disadvantaged at their workplace as a result. However, deliberately false accusations will lead tosanctions, including termination of employment.

We will report immediately if we suspect or notice a violation of
the law, this Code of Conduct, other company policies, ethicalguidelines and principles, or if asked to do something thatmight constitute a violation.

Managers at all levels are required to ensure compliance with this Code of Conduct.
Any violations of this Code of Conduct will be punished by either disciplinary or labor law
measures – criminal and/or civil law consequences notwithstanding.

Baar, October 1, 2023

This E. Schneider
Chairman

Code of Conduct – Forbo GroupJens FankhänelCEO9