Invitation to our general meeting 2025

Amount: 1,210,000 euros

In accordance with the remuneration policy established by the Board of Directors on February 19, 2024 and approved by the General Meeting on April 30, 2024, the fixed remuneration was determined taking into account the level of responsibilities, experience in general management duties and market practices.

Amount: 1,608,211 euros

The target variable remuneration is equal to 120% of the fixed remuneration.

The variable remuneration is limited to 150% of the fixed remuneration.

The target variable remuneration is linked in 2024:

• for 84% of the fixed remuneration (with a maximum of 105% of the fixed remuneration), to two quantifiable financial criteria;
• for 36% of the fixed remuneration (with a maximum of 45%), to qualitative personal criteria.

Assessment for 2024:

The quantifiable criteria objectives were achieved at 107%.

The amount of the variable remuneration relating to the financial criteria is as follows:

• Recurring EPS: 69.8% of the fixed remuneration, representing 116.3% of the target remuneration for this criterion;
• Revenue: 20.2% of the fixed remuneration, representing 84% of the target remuneration for this criterion.

The amount of the variable remuneration relating to the qualitative criteria is as follows:

• CSR: 13% of the fixed remuneration, representing 108.3% of the target remuneration for this criterion;
• Organization/Human Resources: 15% of the fixed remuneration, representing 125% of the target remuneration for this criterion;
• Individual performance: 15% of the fixed remuneration, representing 125% of the target remuneration for this criterion.

The amount of the variable remuneration relating to the personal objectives is thus 43% of the fixed remuneration, representing 119.4% of the target remuneration for the personal objectives.

Therefore, the total amount of the variable remuneration is above the target and amounts to 1,608,211 euros.

The total amount of the variable remuneration due for the 2024 fiscal year will be paid in 2025, after approval of the financial statements by the General Meeting, it being noted that its payment is conditional upon the approval by a General Meeting of the elements of remuneration paid during or awarded in respect of the 2024 fiscal year to Mr François Jackow in his capacity as Chief Executive Officer.

Total IFRS value (according to IFRS 2 norm) of the LTI: €1,814,304, representing 12,170 performance shares

The September 25, 2024 performance shares plan provides for performance conditions that are calculated over three years and are based on the following criteria:

• ROCE (return on capital employed after tax) (for 50%);
• TSR (Total Shareholder Return) (including an element of relative comparison) (for 40%);
• the change in the Group’s CO₂ emissions (for 10%);

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Collective pension insurance contract

Mr François Jackow continued to benefit in 2024 from a collective pension insurance contract with individual and optional subscription (known as “article 82 of the French General Tax Code”) for the fraction of his reference remuneration that exceeds 8 times the PASS. This collective pension insurance contract replaces the supplementary pension plan that applied on certain conditions to the senior executives of the Group and from which Mr François Jackow benefited prior to his appointment as Chief Executive Officer. This supplementary pension plan is entirely subject to performance conditions which depend upon the average annual gap between the Return on Capital Employed after tax (ROCE) and the Weighted Average Cost of Capital (WACC) (measured on the basis of the book value of equity), calculated (on the basis of the certified consolidated financial statements, approved by the General Meeting) over the last three fiscal years.

In respect of 2024, the Board of Directors on February 20, 2025 took note of the 100% achievement of the performance conditions. Accordingly, the amount to be paid in 2025 in respect of 2024 under the pension scheme with individual and optional subscription, will amount to 378,024 euros gross. This amount is paid in arrears and will be split, in accordance with the remuneration policy approved by the General Meeting of April 30, 2024, between a payment to the insurer (189,012 euros) and a payment to Mr François Jackow intended to cover the social security contributions and taxes due on the payments made to the insurer (189,012 euros).

Defined contribution pension plan set up for the benefit of “senior executives”

Mr François Jackow continued to benefit in 2024 in his capacity as Chief Executive Officer from this defined contribution pension plan (which he had previously as a senior executive, then as Chief Executive Officer since 2022). The amount of contributions paid by the Company in 2024 totals 10,015 euros.