Financial performance Financial statements 05 Note 21 FINANCIAL COMMITMENTS 21.1 Forward currency exchange contracts At December 31, 2024, the value in euros of the forward foreign exchange contracts was as follows: n currency to be received €502 million; n currency to be delivered €504 million. 21.2 Commitments given: Guarantees None. 21.3 Commitments received On May 23, 2022, the agreement for the €2,500 million syndicated credit lines was amended. The new agreement provided for a new five-year maturity (2027) with two one-year extension options at the lenders' discretion. These options were exercised in 2023 and 2024, extending the lines’ maturity to 2029. Note 22 EVENTS AFTER THE REPORTING DATE No material events occurred between the reporting date and the date when the financial statements were authorized for issue by the Managing Chairman. 456 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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