IBERSOL | Integrated Management Report - 2024

FISCAL BOARD REPORT Fiscal Board Report To the Shareholders of IBERSOL SGPS, S.A.: In compliance with legal and statutory requirements, the Fiscal Board, in fulfilment of their mandate, prepared this report as regards their supervisory action carried out in the 2024 fis- cal year, the Management Report and the consolidated and individual Financial Statements of the company presented by the Board of Directors for the year ended on 31 December 2024, and issued the consequent opinion: 1. Supervisory Activity Report: The Fiscal Board accompanied, within the scope of its competencies and mandate, dur- ing the 2024 financial year, the management of the company and its subsidiaries, having received for that purpose, timely and adequate information from the Company’s Board of Directors and the Statutory Auditor KPMG & Associados, SROC, S.A. During 2024 the Fiscal Board held eight meetings with all three members present, where the matters subject to their competencies and duties were analysed and minutes of all the meet- ings held recorded. The ordinary quarterly meetings were always attended by the Auditor, KPMG & Associados, SROC, S.A. , represented by Dr. Pedro Manuel Bouça de Morais Alves, Statutory Auditor number 1466. The Statutory Auditor / External Auditor KPMG & Associados, SROC, SA , in a meeting con- vened for the purpose presented and proposed to the Fiscal Board, the “Audit and Strategy Plan for 2024” which included the main points and planning of its supervisory activity, as well as the timing and the members assigned to the team for the economic year. During the course of the financial year they provided detailed information about the auditing actions performed and the resulting conclusions. The Fiscal Board, in its quarterly meetings, also counted on the participation of the Board of Directors, from whom it received information about the society’s activity, explanations and details necessary to comprehend the financial information prepared by the Board of Direc- tors prior to the disclosure thereof. The Fiscal Board did not come across any constraints during their supervisory action, hav- ing monitored the system for receiving and handling reports of irregularities included in the Internal Reporting Channel created by the company. The Fiscal Board exercised its powers to supervise the activities and independence of the External Auditor / Auditor, and is of the opinion that the recommended practices were ob- served. The Fiscal Board was in agreement with the granting of additional services, besides auditing services, to the External Auditor having considered that independence was safe- guarded, that the services were legal, the fees in line with market conditions and also it was in the company’s interest to benefit from the knowledge and punctuality provided in those services. The fees of the additional services performed by the external auditor did not exceed those established by European regulations and national legislation in force. 524