EXMAR report 2025

4.1 CORPORATE GOVERNANCE STATEMENT 150 Mandates Following the resignation of Stephanie Saverys in 2025, the General Meeting of Shareholders confirmed the appointment of HELIMAR BV represented by Stephanie Saverys. Three mandates expired in 2025: FMO BV represented by Francis Mottrie, Maryam Ayati, and Isabelle Vleurinck. Independence Three of the directors are independent. Each independent board member meets the criteria set by law and the Code 2020. Powers and responsibilities The Board of Directors is the highest decision- making body of the Company and is authorized to perform all acts that are necessary or useful for the realization of the goal of the Company with the exception of acts that are reserved for the General Meeting of Shareholders by the BCCA or the Articles of Association. The Board of Directors aims for long-term success of the Company by providing the necessary leadership, risk-identification, and risk-management. The Board is responsible for the overall strategy and values of EXMAR, based on social, economic and environmental responsibility, gender diversity, and diversity in general. The powers and operation of the Board are described extensively in the Corporate Governance Charter. Activities During 2025, the Board held seven meetings six of which were held under the chairmanship of Nicolas Saverys, and one under the chairmanship of Baron Philippe Vlerick. The attendance at the meetings was 96%. In addition to exercising the powers provided by law, the Articles of Association and the Corporate Governance Charter, the Board of Directors deals with reviewing and deciding on the long-term strategy, key policies and structure of the Company and disclosing the accounts and financial statements of the Group. More specifically the Board of Directors dealt with, amongst other topics, the possible impact of U.S. Tariffs, the newbuilding orders, the Congo LNG project and the arbitration started by Eni, the extension of the EEMSHAVEN LNG contract, other LNG projects, a new unsecured credit line for working capital, the French Tax Lease financing for four newbuilding midsize gas carriers taken over from Avance Gas, the 2024 results, the 2025 half-year results, the budget 2026, ESG-CSRD, the response memorandum with respect to the reopening of the public takeover offer issued by Saverex on all shares and share options not already owned by it, the requests from Saverex to convene an extraordinary general meeting of shareholders with respect to an optional share dividend through capital increase, and a special general meeting of shareholders with respect to an intermediary dividend, and approval of updates of the Corporate Governance Charter and Compliance Manual. NAME – POSITION START OF MANDATE TERM ENDS ATTENDENCE OF MEETINGS Nicolas Saverys - Executive Chairman - Executive Director 20 June 2003 AGM 2027 6/7 Carl-Antoine Saverys - Executive Director - Chief Executive Officer (CEO) 18 May 2021 AGM 2027 7/7 Michel Delbaere - Independent Director - Chairman Nomination and Remuneration Committee 17 May 2016 AGM 2028 7/7 Baron Philippe Vlerick - Non-Executive Director - Chairman Audit and Risk Committee 20 June 2003 AGM 2026 7/7 Wouter De Geest - Independent Director - Member Audit and Risk Committee - Member Nomination and Remuneration Committee (since 13 June 2025) 19 May 2020 AGM 2028 7/7 HELIMAR BV represented by Stephanie Saverys - Non-Executive Director 18 May 2021 AGM 2027 7/7 ACACIA I BV represented by Els Verbraecken - Independent Director - Member Audit and Risk Committee - Member Nomination and Remuneration Committee Co-opted on 9 September 2021 confirmed by the General Meeting of 17 May 2022 AGM 2028 6/7