Tranche Update on Otis Worldwide Corporation's Equity Buyback Plan announced on February 3, 2023.

Otis Worldwide Corporation is one of the world's leading manufacturers, installers and maintainers of lifting systems. The group provides elevators, escalators and conveyors to residential buildings, shopping centers, public transportation facilities, hotels, hospitals and industrial buildings. Net sales break down by activity as follows: - maintenance and repair services (59.1%); - sale of elevation systems (40,9%). Net sales are distributed geographically as follows: the United States (28.4%), China (17.2%) and other (54.4%).