IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 PART II GOVERNANCE MODEL EVALUATION 1. Identification of the Corporate Governance Code adopted This Corporate Governance Report was prepared in accordance with CMVM Regulation 4/2013 of 1 August, with the Corporate Governance Code of the Portuguese Institute of Corporate Governance (IPCG) from 2018/2020 and article 29-H of the Securities Code. These normative are, consequently, applied by their suitability for providing the necessary and indispensable information to the public, therefore there are no pre- suppositions of any substantial or formal divergence in their application. This Report for the year 2021 complies with the rules of articles 29-H and ff. of the Securities Code, as well as discloses, in the light of the “comply or explain” principle, the degree of compliance with the Recommenda- tions of the aforementioned IPCG, which integrate the Corporate Gov- ernance Code 2018/2020. The reporting obligations under Law 28/2009 of 19 June, articles 447 and 448 of Companies Code and CMVM Regulation 5/2008 of 2 Octo- ber 2008 with the changes of Regulation 7/2018 are also complied. All the legal and regulatory norms mentioned in this report are available at www.cmvm.pt . 2. Analysis of compliance with the corporate governance code adopted Pursuant to article 29-H of the CVM, a statement on compliance with the corporate governance code to which the issuer is subject must be included, specifying any parts of that code from which it differs and the reasons for the divergence. Pursuant to article 29-H of the CVM, a statement on compliance with the corporate governance code to which the issuer is subject must be included, specifying any parts of that code from which it differs and the reasons for the divergence. Ibersol, SGPS, S.A. generally complies with the CMVM’s recommenda- tions on Corporate Governance, as well as observes and exposes the degree of compliance with the Recommendations of the Portuguese Institute of Corporate Governance and current article 29-H of the CVM, as follows: 287