Corporate Governance Overview

The Board of Directors of Lilium N.V. (the “Company”) sets high standards for the Company’s employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. To fulfill its responsibilities and to discharge its duty, the Board of Directors follows the procedures and standards that are set forth in our governance guidelines. These guidelines are subject to modification from time to time as the Board of Directors deems appropriate in the best interests of the Company or as required by applicable laws and regulations.