05 Financial performance Financial statements 5.3.4 STATUTORY AUDITORS’ SPECIAL REPORT ON RELATED-PARTY AGREEMENTS (Annual Shareholders Meeting for the approval of the financial statements for the year ended December 31, 2024) This is a free translation into English of the Statutory Auditors’ special report on related-party agreements issued in French and is provided solely for the convenience of English speaking readers. This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards applicable in France. To the Shareholders’ Meeting of Compagnie Générale des Établissements Michelin, Compagnie Générale des Établissements Michelin 23 place des Carmes-Déchaux 63000 Clermont-Ferrand In our capacity as Statutory Auditors of Compagnie Générale des Établissements Michelin, we hereby report to you on related-party agreements. It is our responsibility to report to shareholders, based on the information provided to us, on the main terms and conditions of agreements that have been disclosed to us or that we may have identified as part of our engagement, as well as the reasons given as to why they are beneficial for the Company, without commenting on their relevance or substance or identifying any undisclosed agreements. Under the provisions of Article R. 226-2 of the French Commercial Code (Code de commerce), it is the responsibility of the shareholders to determine whether the agreements are appropriate and should be approved. Where applicable, it is also our responsibility to provide shareholders with the information required by Article R. 226-2 of the French Commercial Code in relation to the implementation during the year of agreements already approved by the Annual Shareholders Meeting. We performed the procedures that we deemed necessary in accordance with professional standards applicable in France to such engagements. Agreements to be submitted for the approval of the annual shareholders meeting We were not informed of any agreements authorized and entered into during the year to be submitted for the approval of the Annual Shareholders Meeting pursuant to the provisions of Article L. 226-10 of the French Commercial Code. Agreements already approved by the annual shareholders meeting We were not informed of any agreement already approved by the Annual Shareholders Meeting which remained in force during the year. Neuilly-sur-Seine and Paris La Défense, February 18, 2025 The Statutory Auditors French original signed by PricewaterhouseCoopers Audit Deloitte & Associés Itto El Hariri Frédéric Gourd 461 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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