IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 The procedure instituted at Ibersol aims to ensure that transactions with related parties are carried out: 1) within the scope of its current activity and under market conditions, in compliance with legal requirements, being disclosed in a transparent manner and, 2) in order to guarantee the protection of minority shareholders, being transactions of which benefit all shareholders in a balanced and equi- table manner. 2. PURPOSE AND SCOPE OF THIS PROCEDURE 2.1 The internal procedures applicable to Transactions with Related Parties are established, under the terms of the applicable legislation of Articles 249- A to 249-D of the Securities Code and Article 397 of the Commercial Com- panies Code, the IAS 24 relevant forecasts in this regard, and Chapter I.5 of the IPCG 2020 Corporate Governance Code. 2.2. Typology of transactions in this scope: * a) transactions to be carried out between Ibersol, SGPS, S.A. (“ Company ”) on one hand, and a Related Party of the Company 1 ( Related Party ) on the other; * b) transactions to be carried out between a Related Party of the Company and a Subsidiary 2 of the Company for an amount equal to or greater than 2.5% of the Consolidated Asset of the Company 3 (“ Subsidiary Transactions ”). 2.3. Transactions carried out between a member of the Board of Directors (including members of the Executive Committee) and the Company or companies that are in a controlling or group relationship with the Company (“ Transactions with Directors ”) shall be considered as Relationships with Related Parties or Affiliate Transactions, as the case may be. 1. The term “ Related Party ” has the meaning established in paragraph 9 of IAS 24 - according to An- nex I which contains a list that summarizes the criteria here relevant for the identification of related parties. 2. “ Subsidiary ” means an entity over which the Company has a dominant influence under the terms of Article 21 of the Portuguese Securities Code. 3. “ Consolidated Company Asset s” means the value of the Company’s assets in accordance with the most recent audited consolidated accounts, as publicly disclosed. * the value of 2.5% applies in both cases. 315