Airbus // Universal Registration Document 2021

4. Corporate Governance / 4.1 Management and Control

In 1995, George Xu worked for the Tianjin Economic and Technology Development Area Administrative Committee. He was nominated Deputy Director of the Investment Promotion Bureau of Tianjin Free Trade Zone in 2003 and was promoted as its Director in 2005, when he started to actively participate in the Airbus A320 Family Final Assembly Line project including site selection, and negotiation and set-up of the joint venture. From 2008 to 2011, George Xu was Deputy GM of Airbus Tianjin A320 Family Final Assembly Line and in parallel Director of the Investment Promotion Bureau of Tianjin Free Trade Zone Administrative Committee and Deputy Chairman of Avicopter. In 2011, he was appointed Chairman of Board of Airbus Tianjin Final Assembly Line and Vice President of Tianjin Free Trade Zone Administrative Committee. In 2014, George Xu was nominated and worked full time as Party Secretary of Tianjin Youth League until 2017. George Xu was a member of the Standing Committee of Tianjin Municipal People’s Congress from 2015 to 2017. George Xu was born in 1972 in Suzhou, Jiangsu Province. George Xu received a Bachelor of Engineering degree in Information Management System from Tianjin University and Master of Business Administration from Roosevelt University of Chicago. He also received a Doctorate degree in Economics from Nankai University. George Xu is married and in his spare time, he likes football, hiking and reading.

In accordance with Dutch law and with the provisions of the Dutch Code as amended in 2016, which includes a number of non-mandatory recommendations, the Company either complies with the provisions of the Dutch Code or if applicable, explains and gives sound reasons for their non-application. On 8 December 2016, the Dutch Code was revised; its updated recommendations apply to financial years starting on or after 1 January 2017. The Company welcomed the updates to the Dutch Code and continues supporting the emphasis of the revised Dutch Code on topics such as long-term value creation and the importance of culture. While the Company, in its continuous ef forts to adhere to the highest standards, complies with nearly all of the current recommendations of the Dutch Code, it must, in accordance with the “comply or explain” principle, provide the explanations below. For the full text of the Dutch Code as well as the New Code, please refer to www.mccg.nl. Knittel is currently a member of the Board of the National Air and Space Museum, the Board and Chair of the Finance Committee of the USO of Metropolitan New York, the Board of Trustees of the National World War II Museum, and a member of the Board and Executive Committee of the Atlantic Council. He is a former President and an emeritus member of the Board of Governors of the Wings Club. He is a former Chairman of the Board of Just One Break, a not-for-profit institution founded by Eleanor Roosevelt for the disabled and later merged with The Viscardi Center. Mr. Knittel holds a bachelor’s degree in aviation management from Embry-Riddle Aeronautical University. In addition, he graduated from the Advanced Management Program at the University of Pennsylvania’s Wharton School of Business. George Xu – Chief Executive Officer Airbus China George Xu has been appointed CEO of Airbus China effective 8 January 2018. As country head of Airbus China, he is responsible for all Airbus Commercial Aircraft business activities and providing leadership to the company’s Helicopters and Defence and Space businesses in China. Knittel has more than 35 years of experience in aerospace and transportation finance. Before joining Airbus, Knittel was Chief Executive Officer of C2 Aviation Capital (C2), a global leasing company focused on acquiring, leasing and managing commercial aircraf t. Prior to leading C2 Aviation Capital, Mr. Knittel served since 1986 in a series of senior leadership positions at CIT Group Inc. – most recently as President of CIT Transportation Finance, a $21 billion diversified organisation that provided leasing and financing solutions for the aerospace, rail and maritime industries, including commercial airlines, business aircraft operators, railroads and shippers.

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4.1.2 Dutch Corporate Governance Code, “Comply or Explain”

For the financial year 2021 and in respect of compliance with the Dutch Code, the Company states the following:

1. S ecurities in the Company as Long-Term Investment Provision 3.3.3 of the Dutch Code recommends that Non- Executive Directors who hold securities in the Company should keep them as a long-term investment. Although Non-Executive Directors are welcome to own shares in the share capital of the Company, the Company does not require its Non-Executive Directors who hold shares to keep such shares as a long-term investment. The Company considers it is altogether unclear whether share ownership by Non‑Executive Directors constitutes a factor of virtuous alignment with stakeholder interest or may be a source of bias against objective decisions. Provision of 3.1.2 vi of the Dutch Code recommends that the shares awarded to the CEO are held for at least five years after they are awarded. The rules applicable within the Company (as described Section 4.4.2 B e) below) do not impose a minimum of five year holding of awarded shares, however, the Company believes that potential deviations from this recommendation are significantly limited by the share ownership

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Airbus / Registration Document 2021