Michels Code of Business Ethics

Michels Code of Business Ethics Our Actions Are Characterized By Integrity, Trust, and Respect All Michels employees are expected to:

• Be honest, fair, and trustworthy in all your Michels activities and relationships.

• Treat co-workers with respect and take pride in your work; you are an important member of the Michels team and teamwork is critical.

• Strive toward maintaining a safe workplace and embrace environmental stewardship.

• Follow the law and make sure that others you work with — from suppliers and subcontractors to upper management — do the same.

• Through leadership at all levels of the company, sustain a culture where ethical conduct is an essential part of how we do business.