_492 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 6 INVESTOR RELATIONS Additional share information INTERIM FULFILLMENT OF PERFORMANCE CONDITIONS UNDER THE NOVEMBER 17, 2022 PERFORMANCE SHARE PLAN FOR EMPLOYEES AND THE MANAGERS Criteria Weighting Interim results 2023 vs. 2021 Share price performance Michelin share price must outperform the Stoxx Europe 600 index by at least 5 points, comparing the average closing price in 2021 and in 2024 Result calculated on a straight-line basis between the threshold of 0 and the targeted 5 points 30% -11.8 points 2022 2023 2024 Corporate social responsibility performance Industrial-Michelin Environmental Performance – i-MEP(1) must be below 83 points in 2024 Result calculated on a straight-line basis between the threshold of 87 and the targeted 83 points 20% 88.8 points 83.9 points - Change in average employee engagement rate must exceed 1 point a year on a like-for-like consolidated basis over the 2022-2024 period Result calculated on a straight-line basis between the threshold of 0.0 and the targeted 1.0 point 20% +2.8 points (2) +1.0 point(2) - Operating performance Average annual growth in revenue, excluding tires and distribution, must exceed 10% over the 2021-2022, 2022-2023 and 2023-2024 periods Result calculated on a straight-line basis between the threshold of 5% and the targeted 10% 15% +22.0% 10% - Total consolidated ROCE (including acquisitions, related goodwill and equity-accounted companies) must exceed 11% in 2024 Result calculated on a straight-line basis between the threshold of 10% and the targeted 11% 15% 10.8% 11.4% - (1) Annual scope based on reported figures, including acquisitions from the fourth year of consolidation in the Group’s financial statements. (2) Calculation based on unrounded figures
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