Renewable Energy Business Overview

88 RETAIL (PHARMACY) BUYOUT OF THE MINORITY SHAREHOLDERS IN RETAIL (PHARMACY) opportunity Investment 360° ANALYSIS opportunity RECONFIRMING OUR CONFIDENCE IN THE VALUE CREATION POTENTIAL OF THE RETAIL BUSINESS Sale opportunity IN LINE WITH OUR CAPITAL ALLOCATION PHILOSOPHY EV/EBITDA MULTIPLE INITIAL TERMS EFFECTIVE DURING 2023 RENEGOTIATED TERMS SPREAD OVER THE NEXT 6 YEARS 6.00x 4.50x ☆ 5.25x Call option Put option Renegotiated multiple GEORGIA CAPITAL TRANSACTION RATIONALE The transaction will allow GHG to increase the dividend inflows attributable to GHG from the retail (pharmacy) business The renegotiated future payment terms will provide better visibility for GHG to manage its liquidity position. BUYOUT OF A 33% MINORITY INTEREST WILL BE EXECUTED IN SIX ANNUAL TRANCHES 10.0% 11.0% 0.5% 0.5% 0.5% 10.5% ➤ Minority shareholders, who are also the managing partners of the retail business, will remain with the Group for an extended period. 2022 2023 2024 2025 2026 2027 27

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