Annual Activity Report 2025

5

GOVERNANCE OF THE COMPANY AND GENERAL INFORMATION Administration and management of the Company

5.1.2 Functioning of the Board of directors

5.1.2.1 Responsibilities of the Board of directors The responsibilities of the Board of directors and the preparation and organization of its work are de fi ned by the legislative and regulatory provisions governing limited liability companies, as well as the Company’s Articles of Association and the rules of procedure of the Board of directors. The Board of directors determines the Company’s business guidelines and ensures their implementation, in accordance with its corporate interests, taking into consideration the social and environmental issues of its activity. It determines, on the proposal of Executive Management, multi-year strategic guidelines in terms of CSR. It also takes into consideration the Company’s purpose (see Chapter 4, Section 4.1.2.) de fi ned pursuant to Article 1835 of the French Civil Code. Except for those powers expressly assigned to the General Meetings, and within the limits of the Company’s corporate purpose, it may consider any issues related to the proper functioning of the Company and, through its resolutions, deals with such matters. As such, it reviews all of the group’s major projects. It may perform inspections and checks at any time of the year, as it sees fi t, and demand the communication of any

documents it may consider useful for accomplishing its mission. It is to be kept regularly updated by the audit and ethics committee on the Company’s fi nancial position, cash-flow situation, and commitments. It must also be kept informed in good time of the Company’s liquidity position and take, where appropriate, decisions relating to its fi nancing and borrowing. Since 2020, on the recommendation of the compensation and nominating committee, the Board of directors has resolved to entrust the preparatory work on issues relating to the group’s CSR to its specialized committees, such that each Board committee, within the scope of its mission, integrates CSR considerations into its work. An overall update on the implementation of the group’s multi-year CSR roadmap and the results achieved are placed on the Board of directors’ order of business at least once a year. The Board of directors’ meeting of February 15, 2024 decided to update its rules of procedure in order to take into account the new provisions resulting from the transposition of Directive (EU) 2022/2464 concerning the disclosure of information on corporate sustainability, so-called “CSRD”. The Chairman of the Board may, if necessary, schedule joint meetings between the members of the various committees on sustainability issues.

BREAKDOWN OF COMMITTEES’ WORK

Board of directors Determines the Company’s business guidelines and ensures their implementation, in accordance with its corporate interests, taking into consideration the social and environmental challenges of its activity.

Audit and ethics committee

Strategy, investments and sustainability committee

Compensation and nominating committee

End-of-lifecycle obligations monitoring committee

Supervises and monitors the preparation of accounting, ǶŠîŠČĿîŕ îŠē ƙƭƙƥîĿŠîċĿŕĿƥNj information, and the effectiveness ūlj ĿŠƥĚƑŠîŕ ČūŠƥƑūŕ Reviews the group’s risk mapping, ĿŠČŕƭēĿŠij ƙūČĿîŕɈ ĚŠDŽĿƑūŠŞĚŠƥîŕ îŠē ČŕĿŞîƥĚ ČĺîŠijĚ ƑĿƙŒƙ ūŠ ƥĺĚ ijƑūƭƎɫƙ îČƥĿDŽĿƥĿĚƙ îŠē Ŀƥƙ DŽîŕƭĚ chain /ŠƙƭƑĚƙ ĚƥĺĿČîŕ ČūŠēƭČƥ DžĿƥĺĿŠ ƥĺĚ ūŞƎîŠNj îŠē ĿŠ Ŀƥƙ ēĚîŕĿŠijƙ DžĿƥĺ ƥĺĿƑē ƎîƑƥĿĚƙɈ îƙ DžĚŕŕ îƙ ijƑūƭƎ ČūŞƎŕĿîŠČĚ îŠē ƥĺĚ ƎƑĚDŽĚŠƥĿūŠ ūlj ČūƑƑƭƎƥĿūŠ îŠē ĿŠǷƭĚŠČĚ ƎĚēēŕĿŠij ¹ƑîČŒƙ ƥĺĚ ijƑūƭƎɫƙ ŠūŠɠǶŠîŠČĿîŕ rating

ŠîŕNjǕĚƙ ƥĺĚ ŞîĿŠ ƙƥƑîƥĚijĿČ ijƭĿēĚŕĿŠĚƙ ljūƑ ƥĺĚ ijƑūƭƎɫƙ ēĚDŽĚŕūƎŞĚŠƥɈ ČūŠƙĿēĚƑĿŠij ĿŠ ƎîƑƥĿČƭŕîƑ ƥĺĚ ČĺîŕŕĚŠijĚƙ ĿŠ ƥĚƑŞƙ ūlj ƙūČĿîŕ îŠē ĚŠDŽĿƑūŠŞĚŠƥîŕ ƑĚƙƎūŠƙĿċĿŕĿƥNj ƭƥĺūƑĿǕĚƙ ƥĺĚ Şūƙƥ ĿŞƎūƑƥîŠƥ ƙƥƑîƥĚijĿČ ēĚČĿƙĿūŠƙ ƎƑūƎūƙĚē ċNj ƥĺĚ ĺĿĚlj /NJĚČƭƥĿDŽĚ ~ljǶČĚƑ îŠē ĚŠƙƭƑĚƙ ƥĺĚ îēĚƐƭîČNj ūlj ĿŠDŽĚƙƥŞĚŠƥ îŠē acquisition projects with the corporate project and the group’s ūċŏĚČƥĿDŽĚƙ ĿŠ ƥĚƑŞƙ ūlj ƙūČĿîŕ îŠē ĚŠDŽĿƑūŠŞĚŠƥîŕ ƑĚƙƎūŠƙĿċĿŕĿƥNj /NJîŞĿŠĚƙ ƥĺĚ ĿŞƎŕĚŞĚŠƥîƥĿūŠ ūlj ƥĺĚ ūŞƎîŠNjɫƙ ƙƥƑîƥĚijNj îƥ Ŀƥƙ ŕĚDŽĚŕ îŠē îƥ ƥĺĚ ŕĚDŽĚŕ ūlj Ŀƥƙ ƙƭċƙĿēĿîƑĿĚƙɈ ƥîŒĿŠij ĿŠƥū îČČūƭŠƥ ƥĺĚ ĿŞƎîČƥƙ ūlj ČŕĿŞîƥĚ change

Discusses governance issues ƑĚŕîƥĚē ƥū ƥĺĚ ljƭŠČƥĿūŠĿŠij îŠē ūƑijîŠĿǕîƥĿūŠ ūlj ƥĺĚ ūîƑēɈ ĿŠ ƎîƑƥĿČƭŕîƑ ƥĺĚ ūîƑēɫƙ ēĿDŽĚƑƙĿƥNj ƎūŕĿČNj ¡ƑĚƎîƑĚƙ ƎƑūƎūƙîŕƙ ƑĚŕîƥĿŠij ƥū ƥĺĚ compensation of executive ČūƑƎūƑîƥĚ ūljǶČĚƑƙɈ ĿŠČŕƭēĿŠij ƙĚƥƥĿŠij ŠūŠɠǶŠîŠČĿîŕ ūċŏĚČƥĿDŽĚƙ ljūƑ DŽîƑĿîċŕĚ compensation /NJîŞĿŠĚƙ ƥĺĚ ijƑūƭƎɫƙ ƎūŕĿČĿĚƙ ĿŠ ƥĚƑŞƙ ūlj ijĚŠēĚƑ ĚƐƭîŕĿƥNj îŠē ēĿDŽĚƑƙĿƥNj îƙ DžĚŕŕ îƙ ƙŒĿŕŕƙ management /ŠƙƭƑĚƙ ƥĺĚ ĚƙƥîċŕĿƙĺŞĚŠƥ îŠē ĿŞƎŕĚŞĚŠƥîƥĿūŠ ūlj ƙƭČČĚƙƙĿūŠ ƎŕîŠƙ

ūŠƥƑĿċƭƥĚƙ ƥū ƥĺĚ ŞūŠĿƥūƑĿŠij ūlj ƥĺĚ ƎūƑƥljūŕĿū ūlj ĚîƑŞîƑŒĚē îƙƙĚƥƙɈ ČūŠƙƥĿƥƭƥĚē ċNj ƥĺĚ ūŞƎîŠNjɫƙ ƙƭċƙĿēĿîƑĿĚƙ îƙ ŠƭČŕĚîƑ ūƎĚƑîƥūƑƙɈ ƥū ČūDŽĚƑ ƥĺĚĿƑ ljƭƥƭƑĚ ēĿƙŞîŠƥŕĿŠijɈ ČŕĚîŠɠƭƎ îŠē ŕūŠijɠƥĚƑŞ ƑîēĿūîČƥĿDŽĚ DžîƙƥĚ ŞîŠîijĚŞĚŠƥ ČūƙƥƙɈ DžĺĿŕĚ ensuring the consideration of ESG ČƑĿƥĚƑĿî ĿŠ ƥĺĚ ēĚDŽĚŕūƎŞĚŠƥ ūlj ƥĺĚ ƙƥƑîƥĚijĿČ îŕŕūČîƥĿūŠ ūlj ĚîƑŞîƑŒĚē assets qūŠĿƥūƑƙ ƥĺĚ ĿŠēƭƙƥƑĿîŕ ƑĚƭƙĚ ƎƑūijƑîŞ ljūƑ ċƭĿŕēĿŠijƙ ūƑ ƙĿƥĚƙ îljƥĚƑ ēĿƙŞîŠƥŕĿŠij îŠē ČŕĚîŠɠƭƎ operations

Source: Orano

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Orano - Annual Activity Report 2025