IBERSOL | Integrated Management Report | 2025

INTEGRATED MANAGEMENT REPORT 2025 c) Competences and functions 37. Description of the procedures and criteria for intervention by the Fiscal Board for the purpose of hiring additional services to the Statutory Auditor. The Supervisory Board annually assesses the work of the external auditor and states its conclusions in its Re- port and Opinion, issued in terms and for the purposes of art. 420.1. g) of the Commercial Companies Code. The Supervisory Board analyses and approves the scope of any additional services provided, considering whether they call into question the independence of the external auditor. The Supervisory Board also en- sures that any consulting services provided have the necessary level of quality, autonomy and independence regarding to the services provided within the scope of the audit process. In carrying out its assessment, the Supervisory Board takes into account the rules issued by the Portuguese Securities Market Commission (CMVM) and other relevant regulatory bodies, considering not only any potential conflicts of interest that the provision of the service may entail, but also its value, so as to ensure compliance with the limits established by the applicable laws and regulations. The Supervisory Board shall obtain from the Statutory Auditor all documentation necessary for the evaluation of the service in question. 38. Other functions. The Supervisory Board, in coordination with the Statutory Auditor, is responsible for the auditing of the Company, namely: - Supervise the management of the Company in accordance with best corporate governance practices and with due regard for its competences; - Verify that the accounting policies and valuation criteria adopted by the Company lead to a correct valua- tion of assets and results; 273