3 _153 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 3 CORPORATE GOVERNANCE REPORT Financial authorizations 3.12 FINANCIAL AUTHORIZATIONS The information presented in the following tables, in particular the number of shares, the share price and the maximum purchase price, has been adjusted to take into account the four-for-one stock split and reduction in the par value of Michelin shares from €2 to €0.50, decided on May 16, 2022 and effective on June 16, 2022. 3.12.1 Granted by the Annual Shareholders Meeting of June 23, 2020 Employee share issues and/or issue of shares to the Managers and the Chair of the Supervisory Board Corporate action Resolution Duration (expiration date) Comments Utilization during the year Share grants and performance share plans 25th 38 months (August 2023) Performance conditions over three years Capped at 0.9% of issued capital None Share buyback program Corporate action Resolution Duration (expiration date) Comments Utilization during the year Share buyback program 5th 18 months (December 2021) Statutory limit of 10% of issued capital Maximum purchase price: €45 None Share cancellations 24th 24 months (June 2022) 10% of the current capital None 3.12.2 Granted by the Annual Shareholders Meeting of May 21, 2021 Share buyback program Corporate action Resolution Duration (expiration date) Limitations Utilization during the year Share cancellations 14th 24 months (May 2023) 10% of the current capital None
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