Date : 1st November 2021

Subject: 2022 Price increase

To whom it may concern,

As we near the close of 2021 Eaton continues to see increasing material, logistics and labour costs in all regions of our business. Throughout 2021 we have worked hard to minimise all cost impact that would affect our pricing to customers, in many cases we have managed to mitigate all costs increases. However, across logistics and many of our commodity categories we have seen increases beyond our ability to absorb. This environment is expected to continue well in to 2022 and possibly beyond, as such Eaton MTL prices will be increased effective as of 1st Jan 2022.

We will be increasing our 2021 pricelist by 5.0% across all product lines IS, IN, Surge, HMI and Gas. There may be differences across individual part numbers, the average will be in the region of 5%.

2021 pricing will remain valid for all order received and shipping in 2021, however as of the 1st Jan 2022 the new prices will be valid, whatever it be approved in 2021.

Many thanks for your continued support and loyalty.

Yours faithfully

EATON MTL China