IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 periods, termination clauses or payments associated with the termination of contracts. Oporto, 29 th April 2022. Remuneration Committee, Vítor Pratas Sevilhano, Dr., Joaquim Alexandre de Oliveira e Silva, Dr., António J. Grandio, Dr. Annex 2 BOARD OF DIRECTOR’S STATEMENT UPON THE REMUNERATION POLICY OF IBERSOL, SGPS, S.A. DIRECTORS 1. According to the competence established under article 11º of IBERSOL, SGPS, S.A.(Ibersol) By- laws, the Board of Directors has the responsi- bility to determine the general remuneration policy for the Company’s positions and, for all the administrative and technician staff. 2. For the sake of transparency and in compliance with the Recommen- dations relating to the governance of listed companies, the Board of Di- rectors submits this Report to the appreciation of this General Meeting, containing the guidelines it has observed in setting the aforementioned remunerations, in the following terms: a) the policy adopted in setting the remuneration of IBERSOL Managers coincides with that defined for the majority of the Company’s employ- ees, in an equitable way, in the sense of equivalence and proportional to the degree of responsibility and individual performance they per- form, face to the degree of responsibility of the corporate requirements inherent to that professional performance which is assigned to each the members in their daily and current performance of their respective corporate position; 309