Universal Registration Document 2021

CORPORATE GOVERNANCE AND COMPENSATION COMPENSATION

Long-Term Incentive Plan – LTIP 2019 Upon recommendation by the Remunerations Committee, the Board of Directors, making use of the authorization given by the Shareholders’ Meeting of June 14, 2019 in its 20 th resolution, granted Restricted Shares. The table below summarizes the characteristics of these grants.

Long-Term Incentive Plan 2019 – LTIP 2019 Shareholders’ Meeting authorizing the attributions Remunerations Committee recommending the grants

June 14, 2019 (20 th resolution)

April 16 & 24, 2019 July 23, 2019 November 4, 2019 January 23, 2020 June 14, 2019 July 24, 2019 November 5, 2019 January 30, 2020

Board of Directors approving grants

Number of beneficiaries (as of December 31, 2021) 150 Number of outstanding shares (as of December 31, 2021) 80,931 representing 0.03% of the share capital Vesting period 3 years Holding Period

None except for the members of the Executive Committee who should retain, until the term of their contracts, at least 10% of the vested Performance Shares.

Delivery Date

June 14, 2022 or as promptly as possible thereafter (subject to presence condition on that date).

Characteristics of the LTIP 2019 – Performance conditions Performance conditions

None.

Characteristics of the LTIP 2019 – Presence condition Cases of forfeiture

Beneficiary of Restricted shares who would leave the Group before the expiration of the vesting period. Case of legal premature exit (including cases of death, disability, retirement, termination without cause) and other customary exceptions decided upon by the Board of Directors.

4

Exceptions

The plan prevents beneficiaries who are members of the Executive Committee from using hedging instruments for the restricted shares and requires that they retain a significant number of shares up until the termination of their positions within the Group.

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