Mark Pigott
Executive Chairman

Good morning. I am Mark Pigott, Executive Chairman of PACCAR. I'd like to call the 2026 Annual Meeting of PACCAR stockholders to order. To begin, please note the meeting protocol set forth on the back of your program. Congratulations to all PACCAR employees for achieving very good results last year. Thank you for your dedication, your ingenuity and hard work that has enabled the company to grow and prosper. I'm proud of you. The following individuals have been appointed to serve as inspectors of election. Quin Koplitz, Adam Stewart, and Michelle Wang for PACCAR; and Jennifer Leno for Equiniti.

The voting polls, which close at 10:50 a.m. If you haven't voted and you need a voting form, please raise your hand and the ushers can give you one. The Corporate Secretary advises me that we do have a quorum for this meeting with approximately 91% of the shares eligible to vote represented in person or by proxy. I'd like to recognize the company's independent auditing firm, EY. Please stand as your name is read. Heath Cruikshank and Chris Anger, PACCAR's global Audit Partner and Managing Partner. Thank you.

I'd like to introduce the directors of the company. Please stand as your name is read. Pierre Breber, retired Chief Financial Officer, Chevron; Dame Alison Carnwath, Senior Adviser, Evercore Partners; Preston Feight, Chief Executive Officer, PACCAR; Kirk Hachigian, retired CEO and Chairman, JELD-WEN; Brice Hill, Chief Financial Officer, Applied Materials; Barbara Hulit, Senior Managing Director, Blackstone; John Pigott, Partner, Beta Business Ventures; Luiz Pretti, former Chief Executive Officer, Cargill Brasil; Ganesh Ramaswamy, Chief Executive Officer, Southwire Company; Dr. Dietmar Scheiter, Managing Director, JOKALOU, Dietmar is a new director from Germany; Mark Schulz, President and Chief Executive Officer, M.A. Schultz and Associates and PACCAR's Lead Director; and I too am a Director.