3 _155 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 3 CORPORATE GOVERNANCE REPORT Financial authorizations Employee share issues and/or issue of shares to the Managers and the Chair of the Supervisory Board Corporate action Resolution Duration (expiration date) Comments Utilization during the year Issuance of new ordinary shares 26th 26 months (July 2024) Less than 2% of issued capital None Share buyback program Corporate action Resolution Duration (expiration date) Limitations Utilization during the year Share buyback program 5th 18 months (November 2023) Statutory limit of 10% of issued capital Maximum purchase price: €55 Buyback of 34,529 shares(1) Share cancellations 28th 24 months (May 2024) 10% of the current capital None (1) See section 6.5.6. 3.12.4 Granted by the Annual Shareholders Meeting of May 12, 2023 Employee share issues and/or issue of shares to the Managers and the Chair of the Supervisory Board Corporate action Resolution Duration (expiration date) Comments Utilization during the year Share grants and performance share plans 14th 38 months (July 2026) Performance conditions over three years Capped at 1% of issued capital Issuance of 3,257,003 rights(1) (1) Please refer to sections 6.5.4 and 6.5.5. Share buyback program Corporate action Resolution Duration (expiration date) Limitations Utilization during the year Share buyback program 5th 18 months (November 2024) Statutory limit of 10% of issued capital Maximum purchase price: €55 None Share cancellations 15th 24 months (May 2025) 10% of the current capital None
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