Hubbell Policies

Policy Review and Approval The Chief Financial Officer (CFO) will review and approve the Policy. The Finance Committee of the Hubbell Incorporated Board of Directors will also review and approve the Policy to ensure proper oversight and governance. The Policy approval will be noted in the committee's minutes. Policy Updates and Revisions The Policy will be reviewed for continued applicability and re-approved at least annually. In the event of significant financial and/or structural changes at Hubbell, the Policy will be revised, updated and re-approved more frequently. Policy Implementation and Execution Treasury is responsible for ensuring that guidelines established by the Policy are implemented in the daily operations of all parties responsible for any aspect of Hubbell's derivatives and hedging risk management policy execution, revisions and compliance. Authorized Hedging Instruments The following are the financial instruments that can be utilized under the Policy: Approved Counterparties The list of approved counterparties and banks is to be maintained by Treasury. The required minimum credit rating of any counterparty must be A- or greater by Standard & Poor's and Fitch and A3 or greater by Moody's. All financial institutions that are part of the Revolving Credit Facility backing up the Commercial Paper Program that meet the minimum credit rating are automatically approved counterparties. The Treasurer is responsible for reviewing the credit rating of each counterparty on an annual basis and prior to establishing trading limits with a new counterparty. Compliance with Government Regulations The Company will comply with the applicable provisions of Dodd-Frank and, as applicable, the European Market Infrastructure Regulation ("EMIR") when using derivatives that meet the definition of “swaps” under the Commodity Exchange Act and the Commodity Futures Trading Commission (“CFTC”) regulations thereunder or qualify as “OTC derivatives” under EMIR. Recordkeeping The Company will keep full, complete and systematic records regarding its use of “swaps” as required by the CFTC. The records maintained for each swap should include the following: • All legal documentation relating to the swap, including master agreements, schedules, confirmations, credit support annexes, agreements regarding custody or segregation of collateral, guarantees, notices given or received, board resolutions, legal opinions, tax forms, and all other deliverables required in connection with such swap. Swaps; Forwards; Collars/Floors/Caps; Options - Puts/Calls; Futures

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