Annual Shareholders Meeting of May 16, 2025 Report of the Managing Chairman and proposed resolutions 07 8th, 9th, 10th & 11th resolutions - EXPLANATORY STATEMENT n Information about the compensation packages of the corporate officers and about the individual compensation paid or awarded to the Managers and the Chair of the Supervisory Board in 2024 In accordance with the applicable laws and regulations, at the Annual Shareholders Meeting, the General Partners and the Supervisory Board are submitting to the Ordinary Shareholders Meeting the required disclosures concerning the compensation paid or awarded in 2024 to the Managers and the Supervisory Board. In 2025, the General Partners and the Supervisory Board are submitting to the Annual Shareholders Meeting for approval: n information about the components of the compensation paid or awarded to the corporate officers for 2024 (8th resolution); n components of the individual compensation paid or awarded to the Managers and the Chair of the Supervisory Board in 2024, in respect of their service during the year, i.e., to: l Florent Menegaux, General Partner and Managing Chairman (9th resolution), l Yves Chapot, General Manager (10th resolution), l Barbara Dalibard, Chair of the Supervisory Board (11th resolution). These compensation components were determined in accordance with the principles described in the 2024 Compensation Policy(1) presented and approved at the Annual Shareholders Meeting of May 17, 2024. Eighth resolution n (Approval of the disclosures concerning the compensation packages of the corporate officers) Having noted the agreement of the General Partners and considered the report of the Supervisory Board, the Annual Shareholders Meeting, in application of Article L. 22-10-77 I of the French Commercial Code, approves the disclosures mentioned in Article L. 22-10-9 I of the Code, as presented in the Corporate Governance Report set out in sections 2.4.1 to 2.4.5 of the Company’s 2024 Universal Registration Document. Ninth resolution n (Approval of the components of the compensation paid or awarded to Florent Menegaux for the year ended December 31, 2024) Having noted the agreement of the General Partners and considered the report of the Supervisory Board, the Annual Shareholders Meeting, in application of Article L. 22-10-77 II of the French Commercial Code, approves the fixed, variable and exceptional compensation making up the total compensation and fringe benefits paid during the year ended December 31, 2024 or awarded in respect of that year to Florent Menegaux, Managing General Partner and Managing Chairman, as presented in the Corporate Governance Report set out in section 2.5.2 of the Company’s 2024 Universal Registration Document. Tenth resolution n (Approval of the components of the compensation paid or awarded to Yves Chapot for the year ended December 31, 2024) Having noted the agreement of the General Partners and considered the report of the Supervisory Board, the Annual Shareholders Meeting, in application of Article L. 22-10-77 II of the French Commercial Code, approves the fixed, variable and exceptional compensation making up the total compensation and fringe benefits paid during the year ended December 31, 2024 or awarded in respect of that year to Yves Chapot, General Manager, as set out in section 2.5.3 of the Company’s 2024 Universal Registration Document. (1) See section 3.3 of the 2023 Universal Registration Document, pages 114 et seq. 496 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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