IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 4.7 Future outlook Recent forecasts from the Banks of Portugal and Spain for 2025 pointed to growth of 2.3% in Portugal (+0.4 p.p. compared to 2024) and 2.7% in Spain (-0.5 p.p. compared to 2024), higher than the 1% growth forecast for the Eurozone (OECD). The geopolitical situation, the substantial trade shift initiated by the United States of America and the ongoing conflicts in the Middle East and Ukraine continue to generate uncertainty about the future and security of Europe, with potential negative effects on consumer confidence. We believe, however, that southern European markets, which are more exposed to tourism, will continue to show greater resilience in the face of a natural slowdown in consumption. We expect to complete the conversion of all restaurants into the definitive formats and concepts by the end of May 2025. In terms of expanding our operations, we will continue with our expansion plans for the KFC, Taco Bell and Pret a Manger brands. Information on Transactions by Governing Bodies In compliance with Article 9º Nº 1, paragraphs a) and c) of the CMVM Regulation nº 5/2008, we hereby give details of the transactions and the number of securities issued by the company or by companies in a control relationship, held by members of the Governing Bodies, in rela- tion to the year 2024. Securities held by members of the governing bodies and respective transactions in the year 2024: 107