This Business Code of Ethics sets out in writing PUMA’s commitment to ethical and responsible individual and corporate behavior. It lists our

most important principles and contains guidelines for the interaction with all of our stakeholders. With this community in mind, and in

addition to our existing Supplier Code of Conduct, we have developed the following Code:

? PUMA respects and upholds the laws and legal requirements in all countries where it operates

? PUMA and its employees must not engage in any activities leading to conflicts of interest or unjustified personal benefits

? PUMA does not financially support any political parties

? PUMA encourages and supports its employees’ participation in charitable work

? PUMA believes all people have the right to freedom from discrimination. PUMA maintains an equal opportunity hiring policy and expects its employees and partners in their daily work and actions to uphold ethical behavior and respect for human rights.

? PUMA does not tolerate any forms of violence or abuse and will seek opportunities for conflict resolution

? PUMA respects the individual right to freedom of religion

? PUMA respects consumer privacy and will not share personal data with third parties without explicit prior consent

? PUMA acknowledges its responsibility to protect stakeholders, consumers, and the environment from harm and works toward the concept of “sustainable development” Please direct all enquiries and suggestions regarding this code to

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