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1How do I vote before the Annual Meeting?2Shareowners of record may vote as described below:3• Online. You can vote in advance of the Annual Meeting via the Internet at www.proxyvote.com. Internet 4voting is available 24 hours a day and will be accessible until 11:59 p.m. Eastern Time on May 1, 2024.5• By Telephone. If you received a proxy card by mail, the toll-free telephone number is noted on your proxy 6card. Telephone voting is available 24 hours a day at 1-800-690-6903 and will be accessible until 11:59 p.m. 7Eastern Time on May 1, 2024.8• By Mail. If you received a proxy card by mail and choose to vote in advance by mail, simply mark your proxy 9card, date and sign it, and return it in the postage-paid envelope.10If you hold class A shares in the UPS Stock Fund in the UPS 401(k) Savings Plan, you may vote your shares 11through the Internet, by telephone, or by mail as if you were a registered shareowner. To allow sufficient time 12for voting by the Plan trustee, your voting instructions must be received by 11:59 Eastern Time on 13April 29, 2024.14Even if you plan to attend the Annual Meeting, we encourage you to vote in advance. If you vote 15through the Internet or by telephone, you do not need to return your proxy card.16The method you use to vote in advance will not limit your right to vote online during the Annual Meeting.17BENEFICIAL SHAREOWNER VOTING OPTIONS18If you are a beneficial owner, you will receive instructions from your bank, broker or other nominee that you must follow in 19order for your shares to be voted. Many of these institutions offer telephone and Internet voting. If your voting instruction 20form or Notice indicates that you may vote these shares through www.proxyvote.com, you will need the 16-digit control 21number indicated on that form or Notice. If you did not receive a 16-digit control number, please contact your bank, broker or 22other nominee at least five days before the Annual Meeting and obtain a legal proxy to be able to participate in or vote at the 23Annual Meeting.24Can I revoke my proxy or change my vote?25Shareowners of record may revoke their proxy or change their vote at any time before the polls close at the 26Annual Meeting by:27• submitting a subsequent proxy through the Internet, by telephone or by mail with a later date;28• sending a written notice to our Corporate Secretary at 55 Glenlake Parkway, N.E., Atlanta, Georgia 30328; or29• voting online during the Annual Meeting using the 16-digit code.30If you hold class B shares through a bank or broker, please refer to your proxy card, the Notice or other 31information forwarded by your bank or broker to see how you can revoke your proxy and change your vote 32before the Annual Meeting. Beneficial shareowners that attend the Annual Meeting using the 16-digit code they 33received as described below will also be able to change their vote by voting online at any time before the polls 34close at the Annual Meeting.35How many votes do you need to hold the Annual Meeting?36The presence, online or by proxy, of the holders of a majority of the votes entitled to be cast at the Annual 37Meeting will constitute a quorum. A quorum is necessary to hold the Annual Meeting and conduct business. If a 38quorum is not present, the Annual Meeting may be adjourned from time to time until a quorum is present.39What happens if I do not provide voting instructions or if a nominee is unable to 40stand for election?41If you sign and return a proxy but do not provide voting instructions, your shares will be voted as recommended 42by the board. If a director nominee is unable to stand for election, the board may either reduce the number of 43directors that serve on the board or designate a substitute nominee. If the board designates a substitute 44nominee, shares represented by proxies voted for the nominee who is unable to stand for election will be voted 45for the substitute nominee.467847 48Notice of Annual Meeting of Shareowners and 2024 Proxy Statement