1. Carrier Global Corporation 2. Viessmann Group GmbH & Co.

SUMMARY OF THE PROPOSED COMBINATION

[UNDER REGULATION 13(1A) OF THE COMPETITION COMMISSION OF INDIA (PROCEDURE IN REGARD TO THE TRANSACTION OF BUSINESS RELATING TO COMBINATIONS) REGULATIONS, 2011 (AS AMENDED)]

• I. Names of the Parties to the Proposed Combination

1. The names of the parties to the Proposed Combination are:

• a. Carrier Global Corporation (“ Carrier ” or “ Acquirer ”);

• b. Viessmann Group GmbH & Co. KG (“ Viessmann HoldCo ” or “ Seller ”) and

• c. Viessmann Climate Solutions SE (“ Target ”)

Carrier, Viessmann HoldCo and the Target are collectively referred to as the

“ Parties ”.

II. Nature and Purpose of the Combination

1. Carrier seeks to purchase 100% of the share capital of the Target and its subsidiaries (together referred to as the “ Target Group ”) from the Seller (“ Main Transaction ”). As part of consideration for the Main Transaction, the Seller (the holding company of the Target) will acquire a minority shareholding in Carrier along with certain special rights, including the right to appoint a member on the board of directors of Carrier (“ Share Consideration Transaction ”). The Main Transaction and the Share Consideration Transaction are collectively referred to as the “ Proposed Transaction ”. The Proposed Transaction is in the nature of an acquisition and falls under Section 5(a) of the Competition Act, 2002.