General Motors names BASF a 2023 Supplier of the Year

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• This year's win marks the 17^th time that BASF has been honored
• The award recognizes BASF's high-quality products and outstanding services
• A global, cross functional team from GM chooses the winners

SOUTHFIELD, MI, April 18, 2024 - BASF has been recognized by General Motors (GM) as a 2023 Supplier of the Year. This year's win marks the 17th time that BASF has been honored with the Supplier of the Year award in the 32-year history of GM's recognition program.

The Supplier of the Year celebrates global suppliers that distinguish themselves by exceeding GM's standards while providing innovative technologies and achieving some of the highest quality standards in the automotive industry. The awards were given during GM's recent supplier event in Miami, Florida, USA.

"General Motors has been a great strategic partner for us," said Uta Holzenkamp, president of the Coatings division of BASF, who was in Miami to receive the award on behalf of the company. "Our customers are at the center of everything that we do, and this award proves our alignment with GM and the strength of our many years of trust and collaboration."

BASF's Coatings division is a leading supplier of surface solutions, and supplies several different products to GM - from anti-corrosion surface treatments to a rainbow of brilliant topcoat colors and shiny clearcoats.

A global, cross-functional team from GM chooses the Supplier of the Year winners for their performance in categories such as Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care, and Aftersales and Logistics.

"We're honored to partner with these top suppliers who have made notable contributions to our transformation. Together, we're pushing boundaries, pioneering new technologies and redefining what's possible," said Jeff Morrison, vice president, Global Purchasing and Supply Chain for GM. "Their innovation and support are critical to helping us deliver the world-class vehicles our customers have to come expect."

BASF's award recognized the company's effort to provide GM with the highest quality products and outstanding service. "BASF ranks very highly when measured by GM's cultural priorities and business performance," said Holzenkamp. "I want to thank GM for this incredible honor, and thank the BASF team for their hard work and passion to support GM to be successful."

In total, 86 suppliers were recognized at the event.

About BASF's Coatings division

The Coatings division of BASF is a global expert in the development, production and marketing of innovative and sustainable automotive OEM and refinish coatings, decorative paints as well as applied surface treatments for metal, plastic and glass substrates in a wide range of industries. This portfolio is supplemented by "Beyond Paint Solutions", which enable new applications with innovative surfaces. We create advanced performance solutions and drive performance, design and new applications to meet our partners' needs all over the world. BASF shares skills, knowledge and resources of interdisciplinary and global teams for the benefit of customers by operating a collaborative network of sites in Europe, North America, South America and Asia Pacific. In 2023, the Coatings division achieved global sales of about €4.4 billion.

Solutions beyond your imagination - Coatings by BASF. For more information about the Coatings division of BASF and its products, visit www.basf-coatings.com.

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has approximately 16,000 employees in North America and had sales of $20.5 billion in 2023. For more information about BASF's North American operations, visit www.basf.com/us.

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €68.9 billion in 2023. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.