Fender Musical Instruments Corporation, and its subsidiaries, including Fender Musical Instruments Europe Ltd (collectively "Fender"), expects its suppliers and subcontractors to do business in a manner that aligns with our values, treating their employees with dignity and respect, and providing safe workplace and dormitory conditions.

We are publishing this statement in response to the Modern Slavery Act 2015 (the "Act"). In substance, the Act applies to corporations, wherever incorporated or formed, that reach a certain annual revenue threshold regarding business in the United Kingdom. The Act seeks to address the role of businesses in preventing slavery and human trafficking from occurring in their business and supply chains and Fender is proud of the steps we have taken to combat slavery and human trafficking described in this statement and supporting documents. We are committed to improving our practices to ensure that our preventive and remedial efforts continue to be relevant, timely and effective.

This statement has been approved by the Board of Directors of FMIE Ltd. It summarizes the steps taken by the company during the financial year ending 31 December 2023 to address risks of modern slavery in its business and supply chains.

Signed,

Liam Cunnah - VP, Managing Director EMEA

1. Organization's Structure, Business and Supply Chains

Fender works with independent third-party manufacturers for the manufacture and supply of many of our products. Our principal business activities are the development, marketing and distribution of branded musical instruments. Our products are sold worldwide and are used by players at all levels, from youth to professional, around the globe. Our product offerings include guitars, basses, and amplifiers, to name a few.

2. Policies in Relation to Slavery and Human Trafficking

The Fender Code of Conduct includes provisions on Forced Labour, Compensation, Hours of Work, Child Labour, Non-Discrimination, and Health and Safety. These provisions set forth expectations for the protection of workers and seek to mitigate risks including forced labour/slavery, human trafficking and risks related to our supplier's employment of migrant workers. Suppliers and their employees may report violations of the Fender Code of Conduct directly to Fender using grievance mechanisms, including a hotline mechanism featured in the Fender Code of Conduct that provides an option to report anonymously. Fender also operates a standalone whistleblowing policy and offers protection to any whistle-blowers.

3. Due Diligence Process

Fender's direct suppliers are aware of Fender's policy of enforcing and supporting the purpose of the Act. Standard purchase order (PO) terms require all direct suppliers to represent and warrant that products made for and on behalf of Fender, are in compliance with laws prohibiting forced labour, child labour, slavery and human trafficking. For critical OEM partners, master agreements contain prohibitions against child or forced labour.

In territories around the world where Fender does not sell direct and instead relies upon third party distributors, written distributor agreements are used that contain specific provisions against the use of forced or child labour, slavery and human trafficking.

Fender maintains internal accountability standards and procedures for employees failing to meet company standards regarding slavery and trafficking. Fender's Code of Conduct holds personnel accountable for ensuring compliance and ethical standards in Fender's international business.

4. Areas of Risk

Fender is aware of the risks of modern slavery and human trafficking in global supply chains and have been actively monitoring and assessing the potential for adverse human rights impacts of human trafficking, forced labour and bonded labour for many years. We have clear and well-defined policies on human trafficking and slavery, and well-established due diligence processes for our own business and our supply chain.

5. Training

Fender has previously provided its employees and management, who have direct responsibility for supply chain management, with training on slavery and human trafficking, particularly with respect to seeking to mitigate related risks within the direct suppliers of products. Fender has also met with critical suppliers to instil Fender’s principles and expectations in relation to the Act.

Fender expects to provide additional training to employees, management individuals and partners in its supply chain, on slavery and human trafficking issues and risks in over the next year. Fender will re-emphasise its zero-tolerance approach to slavery and human trafficking and the importance of eradicating human trafficking, forced labour and child labour.

If any consumer has a concern or question related to Fender's approach to tackling human trafficking and slavery, please write to us at: [email protected]

This statement is made pursuant to s54(1) of the Modern Slavery Act 2015 and constitutes our slavery and human trafficking statement for the financial year ending 31 December 2023.