IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 3. Own shares. On 31 December 2023, Ibersol, SGPS SA. held 477,490 own shares, corre- sponding to around 1.127% of the share capital, with a nominal value of one euro and a total value of 3,244,007.32 euros (which would correspond to a percentage of around 1.127% of voting rights) - having acquired 477,490 own shares in 2023. 4. Significant agreements to which the company is a party to and which become effective, are amended or terminate upon a change of control of the company following a takeover bid, and the effects thereof. Without prejudice to what is stated below, the Company is not a party to any significant agreements that come into force, are altered or terminate in the event of a change of control of the company following a takeover bid, nor that determine payments or the assumption of costs by the Company in the event of a change of control or a change in the composition of the management body and that appear likely to jeopardise the economic inter- est in the transfer of shares and the free assessment by shareholders of the performance of the directors. Nevertheless, the franchise agreements for several international brands op- erated by the subsidiaries of Ibersol, SGPS S.A. include requirements and conditions to be met prior to the disposal of shareholding, issue of capital instruments and/or change of control in said subsidiaries, as well as the sale of the business or certain assets of those subsidiaries, which include, among others: the prior agreement of the franchisors, information obliga- tions and several transfer procedures, possible payment of charges or fees, as well as the right of first refusal in favour of the franchisors. Franchise agrements for some international brands provide for the possibility of ter- mination in the event of a change of control of Ibersol, SGPS S.A. without the franchisor’s prior agreement. In certain periods, there may be some financing contracts for Ibersol, SGPS S.A. and its subsidiaries for which the respective creditors have the possi- bility of considering the debt due in the event of a change in the situation of shareholder control. On 31 December 2023, there was no financing un- der these conditions. There are no agreements between the company and members of the management body or employees providing for compensa- tion in the event of an employee resignation, unfair dismissal or termination of the employment relationship following a takeover bid. 281