CONSTELLIUM SE

The Company is involved, and may become involved, in various lawsuits, claims and proceedings relating to customer

claims, product liability, employee and retiree benefit matters, and other commercial matters. The Company records provisions

for pending litigation matters when it determines that it is probable that an outflow of resources will be required to settle the

obligation, and such amounts can be reasonably estimated. In some proceedings, the issues raised are or can be highly complex

and subject to significant uncertainties and amounts claimed are and can be substantial. As a result, the probability of loss and

an estimation of damages are and can be difficult to ascertain. From time to time, asbestos-related claims are also filed against

us, relating to historic asbestos exposure in our production process. We have made reserves for potential occupational disease

claims for a total of$11 million as of December 31, 2025. It is not anticipated that any of our currently pending litigation and

proceedings will have a material effect on the future results of the Company.