IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 or fluctuations in remuneration that are relevant or significant in the last 5 years, and there are no relevant factors in which there remains a necessary relevance to be considered in comparative terms to this whole context. There is no number of shares or options on shares granted or offered, nor any conditions for the exercise of any rights in this scope, and there is also no possibility of refunding a variable remuneration, a modality that is not established or fixed. The remuneration policy that we submit to the appreciation of the Com- pany’s Shareholders is, therefore, the one that translates into compliance with the objective parameters set out above, with no information to con- sider on any departure from the procedures of applying this remunera- tion policy, which is objectively determined and executed, consisting in the remuneration of the Company’s managers and employees for a fixed gross amount, annually paid, until the end of the respective corporate mandate. In setting all remunerations, the general principles mentioned above were observed, in summary: functions performed, current and fu- ture company situation, and comparative criteria for equivalent degrees of performance, also considering the degree of autonomy of the respec- tive individual performance, and also been considering the technical and/ or economic-financial performance of the various business areas in which the companies operate, as well as the economic-financial performance of IBERSOL. Oporto, 29 th April 2022. The Board of Directors 311