Shareholdings of EC members

The EC members owned collectively less than 1 percent of ABB’s total shares outstanding at December 31, 2018.

At December 31, 2018, members of the EC held ABB shares and conditional rights to receive shares, as shown in Exhibit 28 in the section “Compensation and share ownership tables” below. Their holdings at December 31, 2017, are shown in Exhibit 29 in the section “Compensation and share ownership tables” below.

Members of the EC cannot participate in the Management Incentive Plan (MIP). Any MIP instruments held by EC members were awarded to them as part of the compensation they received in previous roles they held at ABB. For a more detailed description of MIP, please refer to “Note 18 Share-based payment arrangements” to our Consolidated Financial Statements.

Except as described in Exhibits 28 and 29, no member of the EC and no person closely linked to a member of the EC held any shares of ABB or options on ABB shares at December 31, 2018 and 2017.