Ownership structure and voting rights % OF SHARES OUTSTANDING 20.6% French institutional investors 11% Individual shareholders 2.6% Employee share ownership plan 65.8% Non-resident institutional investors OWNERSHIP STRUCTURE (at December 31, 2024) Shares outstanding: 705,747,272 % OF VOTING RIGHTS Shares held in the same name for at least four years carry double voting rights. VOTING RIGHTS STRUCTURE (at December 31, 2024) Voting rights outstanding: 998,581,514 61.5% Non-resident institutional investors 23.6% French institutional investors 12.2% Individual shareholders 2.7% Employee share ownership plan 01 Ownership structure and voting rights Building on a foundation of robust governance Ownership structure and voting rights 56 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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