Modern Day Slavery Statement

Compliance with the Modern Slavery Act 2015 – 2025 Statement

This is the Modern Slavery Statement of Abu Dhabi Future Energy Company PJSC - Masdar, together with its subsidiaries, collectively “Masdar”. This statement has been prepared to outline the steps taken during the year ending December 31 2025, to prevent modern slavery and human trafficking in our supply chain and operations in line with the Modern Slavery Act 2015 (the “Act”).

Although not all Masdar group companies are subject to the Act, Masdar takes a group-wide approach to its human rights-related commitments. This statement is intended to supplement (not override) any other such statements made by entities owned by Masdar.

Masdar has a zero-tolerance approach to slavery and human trafficking and has taken, and will continue to take, the steps detailed below to prevent such activity from taking place in any part of its supply chain or business.

1. Our organizational structure and supply chain

Established in 2006 as a state-owned company in the United Arab Emirates (“UAE”), Masdar is leading the global energy transformation by investing in, developing and operating renewable energy projects that deliver commercial returns while providing reliable, affordable clean power worldwide.

Masdar’s UK operations include offshore wind entities and related investment companies, and battery energy storage systems, which are engaged in the development, construction, ownership and operation of renewable energy and energy storage assets in the UK.

Masdar works with a diverse set of suppliers in the following technologies: onshore wind, offshore wind, solar photovoltaic, concentrated solar power, energy storage, green hydrogen, geothermal, hydroelectric and pumped storage, biogas, and small and medium-sized off-grid projects.

We recognize the increased risk of modern slavery and human trafficking in the construction sector and some of the geographies where we operate, especially where we engage with contractors or third-party service providers. This statement sets out the measures we have taken and will continue to take, to mitigate this risk within Masdar’s operations and supply chains.

2. Our ethics & compliance program, policies, and procedures

Masdar has adopted, implemented and complies with the Code of Ethics and Business Conduct and compliance policies (together referred to as the “Policies”) of our shareholder, Abu Dhabi National Energy Company PJSC (“TAQA Group”).

The Policies set out the principles and responsibilities that Masdar and its personnel (“Masdar Personnel”) are expected to abide by including (but not limited to):

• acting with integrity and complying with all applicable laws and regulations where we conduct our business;

• standing firmly against any form of child labor, human trafficking, and modern slavery, and supporting fundamental human rights principles, when conducting business worldwide;

• preserving and enhancing diversity within Masdar;

• valuing and respecting the differences between Masdar’s diverse people from around the world and their varied culture; and

• speaking up and reporting any unethical, illegal, or fraudulent activity either to Masdar management or through the TAQA Group Helpline, which allows for anonymous reporting.

3. Supplier engagement

Masdar is committed to only engaging with businesses which do not employ forced labor, either directly or via their supply chain. Masdar is also committed to only doing business with entities who do not allow children to form part of their workforce, either directly or via their supply chain.

All of Masdar’s suppliers and business partners are expected to uphold the principles of the TAQA Group’s Business Partner Code of Conduct (“Business Partner Code”) and Masdar’s standards and to not engage in any form of child labor, human trafficking, and slavery. Masdar ensures that its suppliers and business partners are aware of our expectations when working for Masdar. For example, as part of the supplier registration process, Masdar requires suppliers to confirm compliance with the Business Partner Code of Conduct. Masdar also incorporates specific contractual requirements and obligations in agreements with third parties. Compliance with these standards is monitored inter alia via supplier audits and the commission of third-party traceability assessments.

4. Our third-party due diligence

Masdar’s Projects Environmental, Social and Governance Team (“Masdar Projects ESG”) are involved in all projects that present significant risks; from origination and due diligence, through construction and operation. Masdar’s Supply Chain Team (“Masdar Supply Chain”) monitors suppliers throughout the selection stage and during production, including through on-site labor audits. During the reporting period, no material concerns have been identified through such audits.

Masdar utilizes a third-party screening tool for additional corporate due diligence screening prior to onboarding any new suppliers or signing any agreements. This includes advanced screening checks for adverse media, criminal prosecutions, regulatory investigations or inclusion on any sanctions lists pertaining to the proposed supplier and its directors and owners (including previous non-compliance with the Act).

5. Ongoing monitoring

Masdar assesses its suppliers, service providers, and employees while engaging with relevant stakeholders as necessary to ensure ongoing compliance with the Business Partner Code and applicable laws and regulations. Emphasizing both continued improvement and ethical behavior, Masdar reserves the right to terminate any relationship with any supplier that violates the Business Partner Code, as part of its commitment to fostering a culture of integrity throughout its supply chain and business operations.

Masdar’s Ethics & Compliance team has day-to-day oversight over any alerts raised in connection with Masdar’s operations or supply chains. Masdar’s projects are generally required to comply with the IFC Performance Standards on Environmental and Social Sustainability and/or the Equator Principles to align with the requirements and expectations of the development financial institutions and other banks involved in the projects. These requirements help to reinforce the principles at the core of Masdar’s compliance program.

Masdar’s service providers are monitored by Masdar’s lenders’ environmental and/or social agents (e.g. lenders’ technical advisors), Masdar Projects ESG and Masdar’s project teams, while Masdar Supply Chain monitors its vendors, including during production, through audits, and the verification of the validity of bills of materials through on-site inspections. After a supplier has been onboarded, and in addition to the Masdar Supply Chain monitoring, Masdar’s due diligence screening tool will continually screen against adverse media and sanctions lists for reports of modern slavery and any hits would be escalated for review.

6. Our key risks assessments

This year, we identified the following areas of our supply chain as carrying potential forced and child labor risks: our suppliers in the manufacturing sector and the construction phase of our projects.

To mitigate these risks, we are engaging with our suppliers and contractors to ensure that appropriate safeguards and reporting mechanisms are in place to take immediate action against any violations of our standards.

For instance, our contracts strictly prohibit practices related to forced labor, child labor, and modern slavery, in line with the International Labor Organization's requirements. We also mandate compliance with globally recognized environmental and social standards. These contractual obligations are an integral part of our supplier selection process. To ensure our suppliers' compliance with these terms, taking a risk-based approach, we engage in inspections before and during the production process, where appropriate. This approach helps us to mitigate risks in our supply chain, maintain ethical business practices, and adhere to legal requirements in all of our operational regions. We continuously strive to improve and strengthen our risk management strategies in order to ensure sustainable business growth.

7. Training and communication

Annual training is provided to all Masdar Personnel (including Masdar Supply Chain) in relation to its Ethics & Compliance Policies. Masdar communicates its expectations relating to modern slavery to staff and suppliers through the TAQA Group Code of Ethics and the Business Partner Code, each of which are available on Masdar's website.

8. Key performance indicators (KPIs)

Protection of human rights is a key area of focus for Masdar’s management. Masdar’s corporate Health, Safety, Social and Environmental Management System streamlines compliance with Masdar’s standards and good international practices, such as the IFC Performance Standards on Environmental and Social Sustainability. Furthermore, Masdar requires all its projects, assets and portfolio companies to develop and implement their own management systems in alignment with corporate policies and requirements. Masdar reports on and publicly discloses its social performance through its annual Sustainability Report and regularly monitors social and human rights KPIs from its subsidiaries.

The TAQA Group maintains an Ethics & Compliance, and Grievances Helpline (“Helpline”), a platform designed to foster the highest ethical standards by enabling individuals to address, report and deter misconduct within the TAQA Group (including Masdar) in an anonymous and confidential manner. Masdar staff and third parties can raise concerns, including in relation to modern slavery through the Helpline, details of which can be found at helpline.taqa.com.

Masdar requires that any non-compliance with Masdar’s environmental and social standards be addressed through timely and effective remedial action. Masdar has a dedicated team that investigates reports or allegations of a breach of our Code of Conduct.

Where adverse labor impacts are identified, whether through audits, supervision, grievances, or other monitoring activities, we ensure that appropriate corrective and remedial measures are implemented. Any remedial action taken is proportionate to the severity of the impact and is designed to restore affected workers’ rights and conditions, prevent recurrence, and align practices with applicable requirements. If a breach is confirmed, we take appropriate action which may include contract termination. We maintain a no-retaliation policy to encourage disclosures and to protect any person making a report in good faith. We also maintain accessible and non-retaliatory grievance mechanisms for workers at project and corporate levels, which are designed to receive and record grievances and to facilitate their resolution through corrective and remedial outcomes acceptable to the affected workers.

9. Questions

Any requests for further information or questions in connection with this statement should be directed to Masdar’s Chief Legal Officer at masdarlegalunit@masdar.ae.

This statement was approved on 30 July 2026, by the Board of Directors of Abu Dhabi Future Energy Company PJSC on behalf of the company and its subsidiaries. It was signed on behalf of the Board by Masdar Chairman HE Dr Sultan Al Jaber.