IBERSOL | Annual Report 2021

CORPORATE GOVERNANCE REPORT SGPS, S.A. without the franchisor’s prior consent. There are some financing arrangements to Ibersol, SGPS, S.A. and its sub- sidiaries providing creditors the right accelerate / deem due the debt if there is a change of shareholder control. On 31 December 2021, the total amount outstanding of Ibersol Group’s financing in relation to which the respective creditors have such right was 41.1 million euros (i.e., 24,5% of the total amount of financing outstanding at that date). There are no agreements between the company and the members of the management body or workers that provide for compensation in the event of a resignation of the worker, dismissal without just cause or termination of the employment relationship following a takeover bid. 5. Regime to which the renewal or revocation of defensive measures is subject, in particular those that provide for the limitation of the number of votes that can be held or exercised by a single shareholder, individually or in concert with other shareholders No defensive measures were adopted within the Company, nor any regime on their renewal or revocation, and according to the statutory terms, each share corresponds to one vote, with no eventual restrictions on voting rights or dependence on limitations of ownership of a number or percentage of shares, there are also no deadlines imposed for the exercise of voting rights that exceed or change the legally established and there are no systems in this context for highlighting rights of patrimonial content. 6. Shareholders agreements The Company is not aware of the existing of any shareholders’ agreement that could lead to restrictions on the transfer of securities or voting rights, or leading to a concerted exercise of voting rights. II. Qualifying shareholdings and Bonds helds 7. Qualifying Shareholdings At 31 December 2021 according to the notifications received by the Com- pany and in accordance with articles 16th and 20th of the Securities Code, the shareholders that have a qualifying shareholding of at least 5% of the share capital of Ibersol, SGPS, S.A. are as follows: 236