On June 8, 2023, LiveWire Group, Inc. announced that the Board of Directors appointed Messrs. Hiromichi Mizuno and Paul Krause to serve on the Board of Directors, effective June 12, 2023. Mr. Mizuno will receive the Company's standard director compensation, which is described under the heading “2023 Director Compensation Program” in the Company's proxy statement for its 2023 annual meeting of stockholders.

Mr. Krause will not be entitled to receive any additional compensation for his service as a director because he serves as the Vice President, Chief Legal Officer, Chief Compliance Officer and Secretary of Harley-Davidson, Inc. Mizuno is a Japanese financial executive and has played significant roles in the field of sustainable investments, formerly serving as United Nations Special Envoy on Innovative Finance and Sustainable Investments. He previously served as Executive Managing Director and Chief Investment Officer of Government Pension Investment Fund of Japan (GPIF). Additionally, Mizuno has served as a non-Executive board member of Tesla, Inc. and serves as a Mission Committee Member at Danone, S.A. Mizuno holds an M.B.A. from the Kellogg Graduate School of Management at Northwestern University.

Additionally, Paul Krause, Chief Legal Officer at Harley-Davidson will also be appointed to the Board of Directors of LiveWire Group, Inc. effective June 12, 2023.