IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 companies and has no other type of commercial relationship (material or non-material), whether of service provision or another nature, and is not a beneficiary of any kind of remuneration beyond that received annually as a non-executive director of Ibersol, SGPS, S.A. - reasons why this director is considered to be independent, noting that this non-executive member has been exercising the respective position continuously since 1999 as a result of a successive election held at subsequent general elections - without this circumstance having been susceptible to affect or condition, in any aspect, his necessary exemption of analysis and decision, during the respective mandates and until the present date. As for the non-executive Director Drª Maria do Carmo Guedes Antunes de Oliveira, she fulfils all the necessary independence requirements in the exercise of her respective position in this same corporate Board of Directors. As for the non-executive Director, Engª Maria Deolinda Fidalgo do Couto, she holds this position having the respective employment contract with Ibersol, SGPS, S.A. as Director of Management Control and Finance Group started on 10/23/1990 - suspended since the date of her appointment at the General Meeting of June 18, 2021 as a non-executive member of the Board of Directors of Ibersol, SGPS, S.A., so she does not fulfil the independence criteria in this scope. 19. Professional qualifications of the members of the Board of Directors BOARD OF DIRECTORS President - Dr. António Alberto Guerra Leal Teixeira Academic qualifications - BA in Economics – Faculty of Economics of the University of Oporto. Professional activity - Chairman of the Board of Directors of Ibersol, SGPS, S.A. - Director of other subsidiaries companies of Ibersol, SGPS, S.A. Date of first appointment and end of current term – 1997 / 2020, having been re-elected for a new term of 2021-2024. 245