Axalta Coating Systems Ltd.

1. Performance share units convert into common shares on a one-for-one basis.

2. Shares withheld to satisfy the tax withholding obligation applicable to the vesting of a performance share unit award.

3. Each restricted stock unit represents a contingent right to receive one common share of Axalta Coating Systems Ltd.

4. This restricted stock unit grant vests in three equal annual installments beginning on the first anniversary of the grant date.

5. As previously identified on a Form 4, in order to mitigate the potential adverse impact to the Company and the reporting person of Section 280G of the Internal Revenue Code in connection with the pending transaction between the Company and Akzo Nobel N.V. (the Section 280G Mitigation), the reporting person received an accelerated partial vesting of a performance share unit award granted on February 28, 2023 (the PSUs). The vesting in this Form 4 represents the difference between the PSUs that were accelerated and the ultimate amount of the PSUs that were earned at 169.4% of target based on the Companys achievement of Adjusted EBITDA.

6. As previously identified on a Form 4, in connection with the Section 280G Mitigation, the reporting person received an accelerated partial vesting of an award of PSUs. The vesting in this Form 4 represents the difference between the PSUs that were accelerated and the ultimate amount of the PSUs that were earned at 89.07% of target based on the Companys achievement of relative total shareholder return.