Mueller Water Products Inc

The Compensation Committee adopted, effective October 2, 2023, a revised Incentive Compensation Recovery Policy (the "Incentive Clawback Policy") in compliance with Exchange Act Rule 10D and corresponding NYSE listing standards that applies to the Company's current and certain former executive officers. In the event the Company is required to restate its financial statements as a result of events described in the NYSE listing standards, the Compensation Committee is authorized to recover incentive compensation awarded to covered current and former executive officers of the Company in accordance with the Incentive Clawback Policy. The Compensation Committee has exclusive authority to administer and enforce the provisions of the Incentive Clawback Policy. This Incentive Clawback Policy reflects the Company's culture that emphasizes high standards of integrity and reinforces the Company's pay-for-performance compensation philosophy. [...] In addition, the Compensation Committee adopted, effective December 3, 2024, a Supplemental Compensation Recovery Policy (the "Supplemental Clawback Policy") that provides the Compensation Committee the discretion to recoup incentive compensation in all forms including time-and performance-based awards received by a current or former Vice President, Senior Vice President, Executive Vice President, President/CEO or other Executive Officer ("Covered Employee") during the three-year period prior to which the Board or the Compensation Committee determines that Detrimental Conduct (as defined below) has occurred. "Detrimental Conduct" occurs when a Covered Employee engages in conduct that constitutes (a) gross negligence (including gross negligence in supervising the work of others), (b) fraud, or (c) intentional misconduct. The Supplemental Clawback Policy applies to incentive compensation granted after adoption of the policy, beginning with our fiscal 2025 incentive awards.

##### BOARD OVERSIGHT OF ESG

###### All Mueller employees are responsible for the success of

our ESG initiatives, with the ultimate oversight provided

by our Board of Directors. Each member of our Board

recognizes the importance of ESG to our business and the

broader global community, offering expertise and guidance

as we continue to develop our program and goals. The

Board, in conjunction with the Mueller management

team, oversees:

- The continued development of our environmental, social
and governance strategy including, but not limited to, the
implementation of programs and policies and
reviewing and providing feedback on ESG
measurements and reporting initiatives;
and

- The successful integration of our
ESG approach into our broader
corporate strategy, including the
role ESG plays in enterprise risk
management as well as the role it
plays in our corporate culture and
internal/external communications to
key stakeholder groups.

GRI 102-18, 102-20, 102-29, 102-30, 102-34

###### Board Committees' ESG-Focused Responsibilities

Each of our Board Committees plays a critical role in evaluating

and enhancing our ESG program.

- The Environment, Health and Safety Committee oversees Mueller's
environmental compliance, sustainability efforts and employee health
and safety programs;

- The Audit Committee oversees the relevance of the underlying
sustainability and ESG reporting and measurement standards, including
the reasonableness of any measurement mechanisms (i.e., the use
of financial metrics or other key performance indicators the Audit
Committee deems appropriate) to evaluate Mueller's sustainability
and ESG performance;

- The Compensation and Human Resources Committee oversees
Mueller's employee-focused (i.e., social) strategies, such as diversity and
inclusion, race, gender, pay equity, fairness and other social issues; and

- The Nominating and Corporate Governance Committee
oversees Mueller's corporate governance approach and strategies
and the development, updating and production of a comprehensive
ESG report, including applicable performance scorecards.

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##### ESG MANAGEMENT COMMITTEE

###### In addition to our Board Committees, we also have an

ESG Management Committee that supports Mueller's

ongoing commitment to the environment, health and

safety; corporate social responsibility and governance;

sustainability; and other public policy matters. This

Committee is made up of leaders from across the

The ESG Management Committee is responsible for supporting the
development of Mueller's ESG strategy and implementing and monitoring
ESG initiatives, programs and policies. This Committee's responsibilities
include:

- Delivering communications to employees, investors, customers, suppliers
and other stakeholders regarding our ESG approach.

- Monitoring and planning ESG program developments and improving
Mueller's understanding of ESG matters.

- Advising the Board and management team on emerging ESG matters that
may impact the business, operations, performance or public image of
Mueller or are otherwise pertinent to Mueller and its stakeholders.

- Making recommendations on how Mueller's policies, practices, disclosures
and goals can be enhanced to address critical ESG issues.