Financial and ESG Performance Review

2022 Financial Statements Pension Funds Key Figures (€ Millions) Dec-20 Dec-21 Dec-22 Pension Fund Portfolio (Dec-22) Retirement Pension Liabilities 1 935 1 929 1 419 Fund Assets 1 908 1 908 1 478 Cash 7% 5% Liabilities Coverage 99% 99% 104% 8% 12% Real Estate Investment 20% 14% Funds Actuarial Assumptions Dec-20 Dec-21 Dec-22 Project rate of return on plan assets 1.00% 1.35% 4.00% Fixed Discount rate 1.00% 1.35% 4.00% Income 64% 62% Pension increase rate 0.25% 0.50% 0.75% Salary increase rate Mortability table men Mortability table women TV 88/90-2 yrs TV 88/90-3 yrs TV 88/90-3 yrs 0.50% 0.75% 1.00% TV 88/90 TV 88/90 TV 88/90 Equity 3% Dec-21 4% Dec-22 novobanco 49

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