SOMFY // 2022 Annual Report

05 CONSOLIDATED FINANCIAL STATEMENTS

Detailed information Note 10.3.2

At 31 December 2022, no more stock option plans existed. During 2020, the Management Board of SOMFY SA agreed on thefollowing allocations of SOMFY SA performance shares: – at its meeting of 31 August 2020, allocation of SOMFY performance shares to 52 beneficiaries. The vesting of these performance shares was subject to the condition that they must remain employed by the Group. Final vesting took place on 15 September 2022. The shares vested were available from 16 September 2022 and they were not subject to a retention obligation; – at its meeting of 25 November 2020, allocation of SOMFY performance shares to 3 beneficiaries. The vesting of these performance shares was subject to the condition that they must remain employed by the Group. Final vesting took place on 28 November 2022. The shares vested were available from 29 November 2022 and were not subject to aretention obligation. During 2021, the Board of Directors of SOMFY SA agreed on the following allocations of SOMFY SA performance shares: – at its meeting of 28 June 2021, allocation of SOMFY performance shares to 69 beneficiaries. The vesting of these performance shares is subject to the condition that they must remain employed by the Group. Final vesting will take place on 30 June 2023. The shares vested will be available from 1 July 2023 and will not be subject toa retention obligation; – at its meeting of 28 June 2021, allocation of SOMFY performance shares to 122 beneficiaries. The vesting of these performance shares is subject to the condition that they must remain employed by the Group. Final vesting will take place on 30 June 2024. The shares vested will be available from 1 July 2024 and will not be subject toa retention obligation; – at its meeting of 7 December 2021, allocation of SOMFY performance shares to 4 beneficiaries. The vesting of these performance shares is subject to the condition that they must remain employed by the GroupF. inal vesting will take place on 30 June2023. The shares vested will be unavailable until midnight, 11 December 2023, since they will be subject to a retention obligation; – at its meeting of 7 December 2021, allocation of SOMFY performance shares to 4 beneficiaries. The vesting of these performance shares is subject to the condition that they must remain employed by the GroupF. inal vesting will take place on 30 June2024. The shares vested will be available from 1 July 2024 and will not be subject toa retention obligation. During 2022, the Board of Directors of SOMFY SA agreed on the following allocationof SOMFY SA performance shares: – at its meeting of 1 June 2022, allocation of SOMFY performance shares to 111 beneficiaries. The vesting of these performance shares is subject to the condition that they must remain employed by the Group. Final vesting will take place on 30 June 2025. The shares vested will be available from 1 July 2025 and will not be subject toa retention obligation.

At 31 December 2022, the free share position was as follows:

Plan date

Plan name Number of benefi ciaries

Number of shares allocated

Price per share (€)

Allocation date

Vesting date

Revision of share number related to presence and performance conditions

Number of shares definitely allocated in 2022

Number of shares potentially vested at 31/12/22

16,238

- -

31/08/20

AGAP 2022 Plan

52 17,340 100.83 15/09/22 16/09/22

-1,102

499

25/11/20 AGAP 2022 Plan n°2

3

516 126.24 28/11/22 29/11/22

-17

- - - - -

18,595 23,629

28/06/21 28/06/21

AGAP 2023 Plan AGAP 2024 Plan

69 19,236 140.15 30/06/23 01/07/23 122 24,444 137.39 30/06/24 01/07/24 4 1,284 165.80 30/06/23 11/12/23 4 1,284 162.93 30/06/24 01/07/24 111 32,172 129.21 30/06/25 01/07/25

-641 -815

1,241 1,241

07/12/21 AGAP 2023 Plan n°2 07/12/21 AGAP 2024 Plan n°2

-43 -43

26,810

01/06/22

AGAP 2025 Plan

-5,362

Pursuant to the Simplified Public Tender Offer described under Highlights, free share plans in the process of vesting remain valid and will continue to run until expiry. Shares allocated under these plans will vest in accordance with the continued employment and performance conditions applicable to each plan. Following the closure of the Offer period, liquidity agreements have been put in place with J.P.J.S. and JP 3 in 2023 to enable plan beneficiaries to sell their shares, oncevested, at prices governed by a calculation formula. Pursuant to IFRS 2, the liquidity agreements put in place in 2023 would result in a change to the original plans in the form of a cash alternative, the value of which is liable to changeat each balance sheet date in line with variationsin the formula parameters. CURRENT AND DEFERRED TAX NOTE 11 —

Under this agreement, the difference between the sum of income taxes calculated for each company and the total of the tax integrated group is accounted for as income in the income statement of the Group’s holding company. Should a subsidiary cease to be a member of the tax consolidation, it will be compensated by SOMFY SA in accordance with a jointly agreed exit methodology, taking account of the situation at that date.

CURRENT TAX The tax consolidation agreement signed between SOMFY SA and its direct and indirect subsidiaries was renewed on 1 January 2013 for an indefinite period of time. The following companies are party to this agreement at 31 December 2022: SOMFY SA, SOMFY ACTIVITÉS SA, Simu, CMC, Domis SA, Automatismes BFT France, Overkiz and SOMFY Protect by Myfox.

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SOMFY – ANNUAL REPORT 2022