Tax Policy

Ambu is a global MedTech company headquartered in Denmark, specializing in the development, production, and marketing of diagnostic and life-supporting devices. Founded in 1937, Ambu is known for its innovative single-use endoscopy solutions, anesthesia products, and patient monitoring systems. With a strong focus on research and development, Ambu serves hospitals and healthcare professionals worldwide, aiming to improve patient outcomes and streamline clinical workflows. Ambu is listed on the Nasdaq Copenhagen stock exchange and operates in all major markets with a commitment to sustainability, quality, and innovation.

Purpose and Scope
Ambu is committed to responsible and transparent tax practices that support our business strategy and reflect our values as a global MedTech company. This policy outlines our approach to taxation, governance, compliance, and risk management across all jurisdictions in which we operate.

Guiding Principles
Ambu’s tax policy is based on 3 guiding principles

• Compliance and Integrity: We comply with all applicable national and international tax laws, including OECD guidelines on transfer pricing.
• Business-Driven Taxation: Taxes are a consequence of commercial business activities. We pay taxes where value is created and do not engage in artificial tax arrangements.
• Transparency and Accountability: We aim to be transparent in our tax affairs and maintain open, constructive relationships with tax authorities.

Governance and Oversight

• The Audit Committee on behalf of the Board of Directors approves the tax policy annually.
• The Group CFO is responsible for ensuring that Ambu’s tax practices align with this policy
• Group Tax oversees day-to-day tax matters, supported by external advisors when needed.

Transfer Pricing
Ambu applies to a centralised business model referred to as a principal-based transfer pricing model, consistent with OECD guidelines. We ensure that intercompany transactions are priced at arm’s length and reflect the economic substance of the activities performed.

Tax Risk Management
Ambu maintains a low-risk appetite in tax planning and avoids aggressive tax strategies. A tax control framework is in place to identify, assess, and mitigate tax risks. We seek external advice when tax laws are unclear or subject to interpretation.

Use of Tax Incentives
We may utilise tax incentives where they are aligned with our business operations and permitted under local law. The primary tax incentives used by Ambu are Research & Development (R&D) tax credits or uplift.

Reporting and Transparency
We aim to provide clear and accurate tax disclosures in our financial reporting. We support global initiatives for greater tax transparency, including country-by-country reporting.

Stakeholder Engagement
We engage proactively with tax authorities to resolve issues and ensure compliance. We may engage with governments on proposed changes to tax legislation where appropriate, either directly or via industry associations and representative bodies.

UN goals
As a signatory of the UN Global Compact, Ambu is committed to the 10 principles of the UN Global Compact and our support to the UN Sustainable Development Goals (SDG).

Ambu is a worldwide taxpayer and a responsible approach to tax plays a vital role. Our tax policy, and the tax payments we make, support the local governments in the implementation of the SDGs directly (through SDG #16.6 in developing effective, accountable, and transparent institutions) and indirectly.

As adopted by the Board of Directors of Ambu A/S

Ballerup, 4 November 2025