A LETTER TO OUR SHAREHOLDERS

Dear Shareholder:

On behalf of the Board of Directors and our senior management team, we are pleased to invite you to attend

Energizer's Annual Meeting of Shareholders on Monday, January 29,2024 at 8:00 a.m. CT at

www.virtualshareholdermeeting.com/ENR2024. To enable shareholder participation from any location, the 2024

Annual Meeting will be held exclusively online.

The strategic plans that the Board established last November have generated positive results over the past year. During the year, we faced continuing cost headwinds as well as new pressures from currency and normalization of consumer demand. Despite these challenges, our focus on recovering our margins, restoring free cash flow, and debt pay down generated strong shareholder returns and year-over-year earnings per share growth.

In fiscal 2023, we:

• improved our gross margin by over 130 basis points;

• generated operating cash flow of $395 million and free cash flow of over $339 million, or 11.5% of net sales; and

• paid down over $225 million in principal amount of debt.

During the year, we also laid the foundation for future success. We launched Project Momentum, a three-year enterprise-wide restructuring that will change our manufacturing and distribution network, as well as simplify our organization. We also continued to invest in digital transformation, bringing systems and tools to our teams to help them better predict trends and analyze our business.