I. Introduction

The Compensation Report describes the underlying basics, governing principles, and elements of the compensation of the Group Management and the Board of Directors of the Lindt & Sprüngli Group (Lindt & Sprüngli ) and also contains information on the actual compensation paid to the members of the Group Management and the Board of Directors. The information provided refers in each case to the financial year ending on December 31, 2023 (where required with comparative figures for the previous financial year). The Compensation Report incorporates the disclosure obligations set out in Article 734 et seqq. OR, which entered into force on January 1, 2023 (in each case if and as applicable), the requirements of Section 5 of the Annex to the Directive on Information relating to Corporate Governance (Corporate Governance Directive) of SIX Swiss Exchange, and the recommendations of the “Swiss Code of Best Practice for Corporate Governance” issued by economiesuisse in the version published on February 6, 2023.

This Compensation Report is structured as follows:

I. Introduction

II. Summary of advancements undertaken as of 2023

III. Compensation governance

i. Overview

ii. Compensation and Nomination Committee (CNC)

IV. Compensation of the Board of Directors

i. Compensation principles

ii. Regular review and benchmarking

iii. Compensation elements

iv. Compensation 2023

V. Compensation of the Group Management

i. Compensation goals and principles

ii. Compensation framework

iii. Compensation elements

iv. Compensation 2023

VI. Participations

VII. Other compensation-related aspects

i. Supplementary amount

ii. Employment contracts

iii. Additional fees, compensation, and loans to governing bodies

iv. Compensation to former members of corporate bodies

VIII. External mandates of the members of the Group Management and the Board of Directors