Corporate governance report Ownership structure and voting rights 02 2.11 OWNERSHIP STRUCTURE AND VOTING RIGHTS At December 31, 2024: n share capital: €352,873,636; n shares outstanding: 705,747,272 all fully paid up; n voting rights outstanding: 998,581,514. SHARE OWNERSHIP (at December 31, 2024) VOTING RIGHTS (at December 31, 2024) (1) At December 31, 2024, the percentage of shares held by individual shareholders included 1.16% held by former employees. At December 31, 2024, 705,747,272 shares were held by the public, for which theoretical voting rights were identical to exercisable rights. As of December 31, 2024, to the best of the Company's knowledge: n BlackRock Inc. held 5.97% of the share capital and less than 5% of the voting rights; n Mage Invest held 4.28% of the share capital and 6.02% of the voting rights; n no other shareholder directly or indirectly holds more than 5% of the capital and voting rights; n there are no shareholders' agreements or pacts. There has been no material change in the Company's ownership structure over the last three years. 20.6% 11.0% 65.8% 2.6% French institutional investors Individual shareholders(1) Non-resident institutional investors Employee share ownership plan 23.6% 12.2% 61.5% 2.7% French institutional investors Individual shareholders(1) Non-resident institutional investors Employee share ownership plan 146 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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