BASF Report 2021 Consoli dated Financial Statements – Statement by the Board of Executive Directors 187 Statement by the Board of Ludwigshafen am Rhein, February 23, 2022 Executive Directors and assurance pursuant to sections 297(2) and 315(1) of the German Commercial Code Dr. Martin Brudermüller (HGB) Chairman of the Board of Executive Directors The Board of Executive Directors of BASF SE is responsible for preparing the Consoli- dated Financial Statements and Management’s Report of the BASF Group. Dr. Hans-Ulrich Engel The BASF Group Consolidated Financial Statements for 2021 were prepared accord- Vice Chairman and Chief Financial Officer ing to the International Financial Reporting Standards (IFRS), which are published by the International Accounting Standards Board (IASB), London, and have been endorsed by the European Union. Saori Dubourg We have established effective internal control and steering systems in order to ensure that the BASF Group’s Management’s Report and Consolidated Financial Statements comply with applicable accounting rules and to ensure proper corporate reporting. Michael Heinz The risk management system we have set up is designed such that the Board of Executive Directors can identify material risks early on and take appropriate defensive measures as necessary. The reliability and effectiveness of the internal control and risk management system are continually audited throughout the Group by our internal Dr. Markus Kamieth audit department. To the best of our knowledge, and in accordance with the applicable reporting rules, the Consolidated Financial Statements of the BASF Group give a true and fair view Dr. Melanie Maas-Brunner of the net assets, financial position and results of operations of the Group, and the Manage ment’s Report of the BASF Group includes a fair review of the development and performance of the business as well as position of the BASF Group, together with a description of the principal opportunities and risks associated with the expected development of the BASF Group.