05 Financial performance Report of the Managers 5.1.11 SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION On March 31, 2025, TBC Corporation, a joint venture between Michelin and Sumitomo Corporation, entered into an agreement to divest its Midas franchise portfolio to Mavis Tire Express Service Corp. This transaction, which is expected to close in the second quarter of 2025, subject to the approval of the competent authorities, should have a favorable impact in 2025 on Michelin Group's net result of around $200 million. There were no other significant changes in the Company’s financial or trading position between February 18, 2025 (date of the Statutory Auditor’s report) and the date on which this Universal Registration Document was filed with the Autorité des marchés financiers. 5.1.12 INFORMATION DISCLOSED IN COMPLIANCE WITH ARTICLES L. 225-102-1 AND R. 225-105-1 OF THE FRENCH COMMERCIAL CODE The 2024 employee, societal and environmental information disclosed in compliance with Article 225-102-1 of the French Commercial Code, as well as the Statutory Auditors’ report, may be found in the Sustainability Statement (Chapter 4 of this Universal Registration Document). 5.1.13 DISCLOSURE PURSUANT TO FRANCE’S DUTY OF CARE ACT APPLICABLE TO PARENT COMPANIES AND SUBCONTRACTING COMPANIES The Duty of Care Plan, which outlines the risks and preventive measures that the Group and its main subcontractors face in relation to the environment, public health and safety and human rights, pursuant to the French Duty of Care Act (No 2017-399) of March 27, 2017, is presented in the Sustainability Statement (Chapter 4 of this Universal Registration Document). 353 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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