IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 9. Board of Directors qualification due to share capital increase. Under article 4 th number 2 of the Company’s By-laws, the share capital may be increased to one hundred million euros, in one or more increases, by resolution of the Board of Directors, which shall determine the form and conditions of subscription and categories of shares to be issued from among those provided in the By-laws articles or others permit- ted by law. This statutory provision was subject to renewal through a resolution of the General Meeting of June 29, 2020, which approved this renewal of the powers conferred to the Board of Directors by article four, number two of the Company’s Bylaws - so that this corporate body may resolve on the next five years, counting from that resolution, the increase of the share capital, for one or more times, up to one hundred million euros; 10. Related Parties significant Transactions. No material business or significant transactions were conducted be- tween the Company and holders of qualifying shareholdings. B. GOVERNING BODIES AND COMMITTEES I. GENERAL MEETING a) Board of the Shareholders’ General Meeting 11. Name, function and mandate of the General Meeting Board´s members. In the 2022 financial year and through the election act for the four-year period from 2021 to 2024 carried out at the Annual General Meeting of 18 June 2021 - the composition of the Board of the General Meeting was as follows: Chairwoman of the Board – Professor Dr. José Rodrigues Jesus Vice-Chairwoman – Dr. Eduardo Moutinho Ferreira Santos Secretary – Dr.ª Clara Maria Azevedo Rodrigues Gomes The term of office of these members corresponds to the exercise of the four-year period 2021 / 2024, and the next general meeting to be held in 2025 will be electoral. 283