IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 entered into during any 12-month period or during the same year, and which have not been subject to the public disclosure obligations foreseen under the terms of this Procedure in Point 7 below; 6.3. If the Board of Directors (or Executive Committee) approves the Transac- tion with the Related Party pursuant to point 6.2. above, it must immediately inform the Audit Committee of this resolution, pursuant to points 4.1. and 4.2. supra; 6.4. The prior opinion of the Audit Committee to be issued within a period not exceeding 10 working days, which may be greater or lesser, depending on the complexity of the analysis and / or the urgency that may prove rel- evant - followed by a decision by the Board of Directors, will be necessary for approval of Related Party Transactions included or exempted under Point 5 above, that: a) They are not Current Activity Transactions; or b) Are equal to or exceed 2.5% of the Company’s consolidated assets. 5 6.5. Related Parties or their representatives may not be involved in the pro- cess of approving Related Party Transactions to which they are an inter- ested party. 7. DIVULGAÇÃO PÚBLICA DE TRANSAÇÕES COM PARTES RELACIONADAS 7.1. The Board of Directors must ensure that the Company publicly discloses, at the latest until the moment when they are carried out, all Transactions with Related Parties that: (i) are not Current Activity Transactions and (ii) are car- ried out for an amount ( isolated or in conjunction with other Transactions carried out with the same Related Party in the previous 12 months and which have not been publicly disclosed under the terms of this Procedure) - equal to or greater than 2.5% of the Company’s Consolidated Assets. 7.2. The public disclosure mentioned in point 7.1, must contain at least the fol- lowing elements: a) Identification of the Related Party; b) Information on the nature of the relationship with the Related Party; 5. If applicable, this amount must be aggregated with that of other transactions carried out between the same Related Party and the Company in the last 12 months that have not been publicly disclosed pursuant to para-graph 7.1. 391