Annual Shareholders Meeting of May 16, 2025 Statutory Auditors’ report on the share capital decrease 07 7.3 STATUTORY AUDITORS’ REPORT ON THE SHARE CAPITAL DECREASE (Annual Shareholders Meeting of May 16, 2025 – 14th resolution) This is a free translation into English of the Statutory Auditors’ report 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 standards applicable in France. To the Shareholders’s meeting, Compagnie Générale des Établissements Michelin 23 place des Carmes-Déchaux 63000 Clermont Ferrand In our capacity as Statutory Auditors of your company and in accordance with the provisions of Article L. 22-10-62 of the French Commercial Code (Code de commerce), in the event of a share capital decrease by canceling shares, we hereby report to you on our assessment of the reasons for and the terms and conditions pertaining to the proposed share capital decrease. Your Managing Chairman proposes that you delegate to the Managers, or anyone of them, for a 24-month period from this Shareholder’s Meeting, the authority to cancel, for up to a maximum of 10% of the share capital per 24-month period, the shares bought back pursuant to an authorization for the Company to buy back its own shares in accordance with the provisions of the aforementioned article. We performed the procedures that we deemed necessary in accordance with professional standards applicable in France to such engagements. These procedures consisted in ensuring that the reasons for and terms and conditions of the proposed share capital decrease, which would not undermine shareholder equality, comply with the applicable legal provisions. We have no matters to report on the reasons for and terms and conditions of the proposed share capital decrease. Fait à Neuilly-sur-Seine et Paris La Défense, March 19, 2025 The Statutory Auditors French original signed by PricewaterhouseCoopers Audit Deloitte & Associés Itto El Hariri Frédéric Gourd 506 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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