Continental : Creating Value. For a Better Tomorrow. -

Publication Annual Shareholder Meeting on Thursday, April 27, 2023 Revised since pre-publication on April 20, 2023

Creating Value. For a Better Tomorrow.

Speech by Chairman of the Executive Board Nikolai Setzer,

Continental Aktiengesellschaft, Hanover at the

Annual Shareholders' Meeting for Fiscal 2022 on April 27, 2023, in Hanover

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Creating Value. For a Better Tomorrow.

| Continental AG, Nikolai Setzer, April 27, 2023

Ladies and gentlemen,

Welcome to the Annual Shareholders' Meeting of Continental AG.

Mobility is complex - and it's becoming more and more complex with each passing day.

In Berlin and London.

In New York and Beijing.

Around 200,000 employees at Continental are developing solutions to cope with such complexity - with passion and enthusiasm.

They include software engineers as well as experts in hardware.

Our technological expertise ranges from the road to the cloud. That's what makes Continental so unique.

We have a balanced portfolio

for complementary markets and cycles. No other supplier can offer what we do.

We are shaping the future with our products and solutions.

And we're doing so today during challenging times.

During a pandemic. During crises. During war.

We can't ignore what's going on around us.

On the contrary, we need to take action.

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Creating Value. For a Better Tomorrow.

| Continental AG, Nikolai Setzer, April 27, 2023

The war in Ukraine is causing immense human suffering.

I'd therefore like to thank the countless employees who are doing their part to help the victims,

through their contributions and tremendous personal commitment.

I'm deeply moved by this.

As are we all.

At the same time, we're also feeling the effects of this new situation, including rising prices of goods, raw materials and energy.

In addition to long-standing issues such as

• the transformation of traditional industries, especially the automotive sector,
• inflation,
• and the climate crisis, which remains a major undertaking.

All of that means change - including in the world of work.

Traditional jobs are disappearing, and new professions are emerging. We need to take an active role in shaping this change.

And we are doing so successfully.

This success is based on three factors:

• First, on the progress made last year.
• Second, on our strategic setup.
• And third, on our technological expertise and power of innovation. I will be talking about all three factors today - including a world first.

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Creating Value. For a Better Tomorrow.

| Continental AG, Nikolai Setzer, April 27, 2023

But before I do, I would like to say that

today's Annual Shareholders' Meeting has particular importance for me personally and for Continental. Because in a few days there will be key changes to our Executive Board.

First - as you know - Olaf Schick will take up his new role on May 1. He will be responsible for the newly created Executive Board function for Integrity and Law.

Welcome to Continental, Olaf!

This new function is an important step in a series of measures we are taking.

As you are probably aware, some of ContiTech's industrial hoses were not up to standard.

And some air conditioning lines for cars did not meet our customers' expectations.

Investigations into past cases concerning the diesel issue also remain ongoing. With our full support.

Because integrity is not something we can pick and choose.

It's an obligation. Every day and everywhere.

We know that integrity is key to fostering innovation.

And creating trust.

We supply our customers with what we've promised them - with what we've agreed with one another.

Anything else is unacceptable.

Because it leaves our customers disappointed.

And because it undermines our employees' hard work.

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Creating Value. For a Better Tomorrow.

| Continental AG, Nikolai Setzer, April 27, 2023

That's why we're setting the tone from the top.

We've realigned Compliance and our Law department.

We're continuing to promote a culture in which mistakes are handled constructively.

A culture of openness and transparency.

And that's why beginning May 1 we're consolidating responsibility under Olaf Schick.

In another change effective from this date,

the Automotive group sector will be strengthened with its own Executive Board member.

This important role will be taken over by a colleague who has been with Continental for many years. He is a proven expert in all key areas of the automotive industry and has vast international experience.

Welcome, Philipp von Hirschheydt!

With your help, I'm sure we will be able to unleash the full technological and market potential of Automotive in the future.

Last but not least, as Professor Reitzle already mentioned,

at its meeting prior to today's Annual Shareholders' Meeting, the Supervisory Board extended my contract as CEO and chairman of the Executive Board of Continental AG by a further five years.

Their trust means a lot to me, and I'm extremely grateful.

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