SOMFY // 2022 Annual Report

04 REPORT ON CORPORATE GOVERNANCE

AUTHORISATIONS — The Board of Directors benefits from the following authorisations:

Used during the financial year ended 31 December 2022

Residual amount at 31 December 2022

Date of AGM

Date authorisation expires

Authorised amount

Authorisation to grant existing free shares Authorisation to grant stock options

1.5% of share capital on date of AGM 1.5% of share capital on date of AGM*

AGM 1 June 2022 AGM 2 June 2021

31 July 2025

1.5% of share capital

1 August 2024

1.5% of share capital

* This ceiling shall count towards the total number of shares able to be allocated free of charge by the Board of Directors in respect of the authorisation granted by the 25 th extraordinary resolution of the General Meeting of 1 June 2022 and any other subsequent authorisation of a similar type granted by the General Meeting. It is specified that during the financial year, the allocation free of charge of 32,172 shares, representing 0.087% of the share capital was decided by the Board of Directors on 1 June 2022 based on the previous authorisation. INFORMATION ON THE TERMS AND CONDITIONS FOR THE RETENTION OF SHARES ALLOCATED FREE OF CHARGE TO EXECUTIVE CORPORATE OFFICERS — At its meeting of 2 June 2021, the Board of Directors set the number of shares that every corporate officer will be required to retain until the termination of their duties at 25% of the total shares allocated to them free of charge; this percentage may be reduced to 20% at the end of a period of four years from the allocation, then successively to 15% six years after the allocation, to 10% eight years after the allocation and to 5% until they leave their role.

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SOMFY – ANNUAL REPORT 2022