IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 In the event of death, resignation or temporary or permanent disability of a director, the Board of Directors shall arrange for a replacement. Where a director elected under the rules set forth in the preceding paragraph is no longer and definitely available, a replacement shall be elected by the General Meeting. The Board of Directors may, by resolution, increase the share capital in accordance with the provisions of article 4 of the Company’s Bylaws, and the share capital may be increased up to one hundred million euro, one or more times, through this resolution in which will be determined the form, subscription conditions and categories of shares to be issued from among those provided for in the Company’s Bylaws or others permitted by law. The rules applicable to other amendments to the Company’s bylaws are set out in Articles 85.º, 383.º, n.º 2, and 386.º, n.º 3 and 4 of the Commercial Companies Code (CSC), beeing subject to deliberation by the General Shareholders’ Meeting. 17. Composition of the Board of Directors. The Board of Directors is currently composed of five members, the executive members being the Chairman and the Vice-Chairman. The Board of Directors shall choose its own chairman if this one has not been appointed by the General Meeting at the time of its election. The Board of Directors may specifically appoint one or more directors to handle certain matters. On 31 December 2022 the Board of Directors was composed by the following members: Chairman – Dr. António Alberto Guerra Leal Teixeira Vice-Chairman – Dr. António Carlos Vaz Pinto de Sousa Member – Eng.ª Maria Deolinda Fidalgo do Couto Member – Professor Doutor Juan Carlos Vazquez-Dodero de Bonifaz Member – Dr.ª Maria do Carmo Guedes Antunes de Oliveira All members were elected at the General Meeting held on June 18, 2021 for the four-year period of the 2021-2024 corporate year, also mentioning that the requirement of a balanced composition in terms of gender of the governing bodies, in accordance with the quotas system, has its direct applicability verified - the company having observed these gender quotas in this new electoral act of 18/06/2021 under the terms of Law nº 62/2017 of 1 August. The date of the first appointment to exercise the respective mandate took 287