Pension plan

Valid as of 01.01.2026

Foundation GEMINI Collective Foundation

Employee benefits unit ZK Novelis

Group of persons, Plan no. Zusatzkasse, 2452

Provisions deviating from or supplementing the Framework Regulations Regulations

GEMINI Collective Foundation manages all affiliated employers in separate pension funds. The legal relationship between the insured / affiliated employees and GEMINI Collective Foundation is governed by the Regulations.

The Regulations consist of two parts:

-Framework Regulations: Available for download at www.gemini.ch

-Pension plan: Governs the paragraphs for which the pension fund has drawn up provisions deviating from or supplementing the Framework Regulations. The numbering relates to the paragraphs in the Framework Regu-lations

The original German text is authoritative for the interpretation of the Framework Regulations and the pension plan.

Approval

The pension fund committee has approved the present pension plan which shall replace all previous pension plans.


Fundamentals and values
All figures in CHF
The figure is based on the maximum annual AHV retirment pension	2025	30'240
The maximum insured salary according to UVG (Federal Law on Accident In-surance)	2016	148'200

The social insurance limits and key figures listed are based on the current status as at January 1, 2026. Both values are periodically redefined by the Federal Council and automatically adjusted in the pension plan. All other values are fixed amounts.

GEMINI Collective Foundation c/o Avadis Vorsorge AG

Zollstrasse 42 | P.O. Box | 8031 Zurich | T +41 58 585 33 00 | www.gemini.ch

General provisions

Insured persons, entry requirements

5.1 All employees, whose annual salary exceeds the lower limit for admission are obliged to join Executives' pen-sion fund upon commencing their employment relationship.

5.6 In the case of unpaid leave, insurance continues unchanged if the contributions (employer and employee share) are fully paid by the employee during the period of leave. If, however, contributions are no longer paid, insurance coverage only extends to the first month after the contribution payments have ceased (additional coverage period).

Employees may continue to pay their risk contributions and suspend their savings contributions. In this case, the savings capital is still subject to interest payments.

The GEMINI Collective Foundation must always be informed in writing before the start of unpaid leave. The corresponding contributions are listed in section 11.8. The duration of unpaid leave is limited to a maximum of two years.

Age, reference age


	Men	Women
7.1 The reference age is	65	65
The retirement age is	65	65
Early retirement is possible from age 7.2 The reference age is reached on the first of the month following the 65th birthday.	58	58

The following transitional provision remains reserved:

▪Women born in 1960 and earlier reach the reference age on the first day of the month following their 64th birthday.

▪For women born between 1961 and 1963 the previous reference age of 64 will be increased gradually by three months.

7.4 Deferment or continued insurance up to a maximum age of 70 pursuant to article 33b BVG

It is possible to defer the payment of retirement benefits. In this case, only the vested risk benefits are insured. Both savings and risk contributions do not apply, only administration costs are payable.

Continued insurance is possible. In this case, only the vested risk benefits are insured. Risk contributions do not apply, but the savings contributions are still payable. In addition, costs for insolvency and administration as well as any restructuring contributions must be paid.

The respective requirements are described in the Framework Regulations

7.4 Members shall notify the Foundation in writing no later than one month before reaching the retirement age whether there will be a deferral or continued insurance. The choice of option may not be changed until actual retirement. If no notification is received, members shall take statutory retirement pursuant to paragraph 7.2.

Beginning and end of insurance


			Men	Women
8.1	Risk insurance	from age	18	18
		until age	65	65

	Saving insurance	from age	25	25
		until age	70	70

Annual insured salaries

10.1 The annual salary is principally consistent with the annual AHV salary including all regular disbursements of bonuses, premiums and gratuities.

10.2 In addition to the list in the Framework Regulations, the following salary components are not included in the annual salary:

a) Family bonuses

b) Child allowances

10.11 Continued insurance pursuant from age 58 to article 33a BVG

Where the salary is reduced, the salary last insured with the employee benefits unit may not be retained bey-ond the reference age stipulated in the pension plan, if the member is at

least 58 years of age, the salary has been reduced by no more than half.

The insured person pays the difference between the previous and the new salary, both their own contributions and those of the employer.

Annual insured salaries - Definitions The insured annual salary 1

Lower limit CHF 181'440

Novelis Inc. 10-K/A