ANTIN // 2021 Universal Registration Document

CORPORATE GOVERNANCE 2 Compensation of corporate officers B - Variable compensation paid or awarded to the Chairman of the Board and Chief Executive Officer of the Company and Vice-Chairman of the Board and Deputy Chief Executive Officer of the Company The variable compensation of Alain Rauscher in respect of his duties as Chairman of the Board and Managing Partner of AIP UK and as Chief Executive Officer and Managing Partner of AIP SAS and of Mark Crosbie in respect of his duties as Managing Partner of AIP UK, which may be up to 100% of the annual fixed compensation, are subject to the same quantitative and qualitative criteria described in the table below:

Amounts (1)

For Alain Rauscher

For Mark Crosbie

As Chairman of the Board of Directors and Managing Partner of AIP UK

As CEO and Managing Partner of AIP SAS

As CEO and Managing Partner of AIP UK

Duties

Variable Compensation (Up to 100% of the annual fixed compensation)

£175,650 (€209,038) (2)

€204,969

Considering the quantitative and qualitative criteria set out below, the Board of Directors meeting of 23 March 2022, on the basis of the recommendation of the Nomination and Compensation Committee, established that such criteria were fully achieved as of 31 December 2021 for Alain Rauscher, as Chairman of the Board and Managing Partner of AIP UK and Chief Executive Officer and Managing Partner of AIP SAS, and for Mark Crosbie as Managing Partner of AIP UK.

£351,300 (€418,075) (2)

TOTAL €414,007

Quantitative criteria (60% of the variable compensation)

A 10% increase in AUM calculated on a rolling 3-year average basis, adjusted from any Antin Fund’s divestment occurred during the reference year ( for 20% of the amount of the variable compensation ). A 5% increase in Earnings adjusted from: (i) the catch-up effect (as described in Section 5.4.1 “A nalysis of the Consolidated Income Statement on an underlying basis” of this Universal Registration Document); and (ii) all management fees received during the reference year for any Antin Fund that is fully divested the following year ( for 20% of the amount of variable compensation ). An underlying EBITDA margin adjusted from any catch-up effect (as described in Section 5.4.1 “A nalysis of the Consolidated Income Statement on an underlying basis” of this Universal Registration Document) of at least 60% ( for 20% of the amount of variable compensation ). The implementation of the ESG roadmap during the year (for 14% of the amount of variable compensation) . The quality of governance and management (for 13% of the amount of variable compensation) . The satisfaction of Limited Partners of Antin Funds based on their feedback (for 13% of the amount of variable compensation ).

Qualitative criteria (40% of the variable compensation)

(1) Applicable in respect of 2021 and combining the compensation awarded for the period before the IPO and the compensation awarded for the period after the IPO, both on a pro rata basis. (2) Based on the exchange rate (€1 = £0.84028) published by the European Central Bank on 31 December 2021.

58 ANTIN INFRASTRUCTURE PARTNERS S.A. - UNIVERSAL REGISTRATION DOCUMENT 2021