Corporate governance report Individual compensation paid or awarded to the Managers and the Chair of the Supervisory Board for 2024 02 2.5.2 VOTE BY SHAREHOLDERS AT THE ORDINARY SHAREHOLDERS MEETING OF MAY 16, 2025 ON THE COMPENSATION PACKAGE OF FLORENT MENEGAUX, MANAGING CHAIRMAN AND GENERAL PARTNER This section presents the components of the compensation paid or awarded to Florent Menegaux for 2024 in his capacity as Managing Chairman. Compensation components put to the vote Amounts paid in 2024 Amounts awarded in respect of 2024 OR Value OR Simulation Presentation Fixed compensation €1,100,000.00 €1,100,000.00 The annual fixed compensation amount for 2024 was determined in accordance with the 2024 compensation policy described in the 2023 Universal Registration Document (page 115) and approved by the Annual Shareholders Meeting of May 17, 2024 (6th resolution, adopted by a 96.51% majority of the votes cast). Annual variable compensation €1,650,000.00 €1,158,700.00 (Amount that may be awarded in respect of 2024 in application of the 2024 compensation policy, payable in 2025) The amount paid in 2024: n was due for 2023 and was determined in accordance with the 2023 compensation policy, as described in the 2022 Universal Registration Document (pages 107 to 109) and approved by the Ordinary Shareholders Meeting of May 17, 2024 (9th resolution, adopted by an 98.08% majority of the votes cast); n is the subject of detailed disclosures in section 3.4.3.2 of the 2023 Universal Registration Document. The amount awarded in respect of 2024: n was determined in accordance with the 2024 compensation policy, as described in the 2023 Universal Registration Document (pages 115 to 117) and approved by the Ordinary Shareholders Meeting of May 17, 2024 (6th resolution, adopted by a 96.51% majority of the votes cast); n is the subject of detailed disclosures in section 2.4.3.2 of the 2024 Universal Registration Document. Deferred variable compensation N/A N/A No compensation awarded or paid Exceptional compensation N/A N/A N/A Stock options, performance shares and other long-term compensation (stock warrants, etc.) N/A €991,715.49 (value at December 31, 2024 of the 58,138 performance share rights awarded in November 2024) This award was made in application of: n the 2024 compensation policy, as described in the 2023 Universal Registration Document (page 119) and approved by the Ordinary Shareholders Meeting of May 17, 2024 (6th resolution, adopted by a 96.51% majority of the votes cast); n the 14th resolution of the Annual Shareholders Meeting of May 12, 2023 (see pages 455 et seq. of the 2022 Universal Registration Document), adopted by an 87.04% majority of the votes cast. Compensation as a Director/Supervisory Board member N/A N/A N/A 134 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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