Carmila

Information Relating to Executive Corporate Officer Compensation

Regulatory News:

In accordance with the AFEP-MEDEF Code of Corporate Governance, Carmila (Paris:CARM) is disclosing the decisions taken by the Board of Directors relating to (i) the components of compensation and benefits in kind to be paid to corporate officers in respect of 2023, subject to approval at the Annual General Meeting of 24 April 202’, and (ii) the compensation policies for corporate officers.

i. Components of compensation and benefits in kind to be paid to corporate officers in respect of 2023

At its meetings of 13 February 2024 and 07 March 2024, the Board of Directors, on the recommendation of the Nomination and Compensation Committee, determined the following components of compensation to be paid to the Chairman and Chief Executive Officer and to the Deputy Chief Executive Officer in respect of 2023 :

• For Marie Cheval, Chair and Chief Executive Officer

Annual fixed compensation: €500,000.

Annual variable compensation: the variable portion of compensation for the Chair and Chief Executive Officer is equal to 100% of her gross fixed compensation if the performance criteria are achieved at 100%, and up to 120% of her gross fixed compensation if the performance criteria are achieved at 200%. It is determined based on general quantitative criteria (50%), individual quantitative criteria (20%) and individual qualitative criteria (30%).

The Board of Directors, on the recommendation of the Nomination and Compensation Committee, determined that Marie Cheval’s overall performance criteria were met at a level of 143%, corresponding to annual variable compensation of €543,430.

Long-term compensation: under the authorisation granted by the Annual General Meeting of 11 May 2023, the Board of Directors allocated 44,248 free shares to Marie Cheval, subject to service and performance conditions.

Director compensation: €45,000.

Benefits in kind: Marie Cheval receives benefits in kind including (i) a Company car and (ii) unemployment insurance contributions as part of her enrolment in the private executive unemployment insurance plan for managers taken out with GSC. The estimated value of these two benefits in kind in 2022 was €15,193.

• For Sébastien Vanhoove, Deputy Chief Executive Officer

Annual fixed compensation: €185,000, corresponding to the 50% portion of fixed compensation borne by the Company. He also receives an additional amount of €30,000 in respect of his duties as Deputy Chief Executive Officer, paid in full by the Company, giving a total amount paid by the Company of €215,000.