_152 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 3 CORPORATE GOVERNANCE REPORT Ownership structure and voting rights 3.11 OWNERSHIP STRUCTURE AND VOTING RIGHTS At December 31, 2023: ● share capital: €357,479,113; ● shares outstanding: 714,958,226, all fully paid up; ● voting rights outstanding: 990,275,053. SHARE OWNERSHIP (at December 31, 2023) VOTING RIGHTS (at December 31, 2023) As of December 31, 2023, 714,958,226 shares were held by the public. Due to the 161 Company shares held in treasury, the theoretical number of voting rights outstanding at December 31, 2023 is different from the number of voting rights exercisable at that date. As of December 31, 2023, to the best of the Company's knowledge: ● BlackRock Inc. held 5.73% of the share capital and less than 5% of the voting rights; ● Mage Invest held 4.22% of the share capital and 6.04% of the voting rights; ● no other shareholder directly or indirectly holds more than 5% of the capital and voting rights; ● there are no shareholders' agreements or pacts. There has been no material change in the Company's ownership structure over the last three years. 20.4% 10.5% 67.0% 2.1% French institutional investors Individual shareholders Non-resident institutional investors Employee share ownership plan 24.0% 11.9% 61.8% 2.3% French institutional investors Individual shareholders Non-resident institutional investors Employee share ownership plan
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