EXMAR report 2025

4.3 Remuneration report 167 4.3.2 Remuneration for non-executive directors The remuneration of the non-executive directors is decided by the General Meeting of Shareholders on a proposal from the Board of Directors. This proposal is based on the recommendations of the Nomination and Remuneration Committee. The remuneration of the non-executive directors considers their responsibilities, their role as Board member, the workload and specific roles such as chairman of the Board, or chairman or members of Board committees. All non-executive directors receive an annual fixed fee of EUR 50.000. No attendance fees are being paid. Members of the Audit and Risk Committee and/or the Nomination and Remuneration Committee receive a supplementary fixed fee of EUR 10.000. The annual payments are pro-rated according to the number of months served as an active board member or member of a committee during the calendar year. Because of their roles and responsibilities, the annual fixed fee for the chairman of the Board and the chairman of each of the Committees is equal to twice the fee of the other members of the Board or the Committees except for the Nomination and Remuneration Committee. The Company provides customary insurance policies covering the Board of Directors’ activities in carrying out their duties at group level. The non-executive directors do not receive performance-based remuneration or any benefits in kind or benefits associated with pension schemes. In deviation of provision 7.6 of the Code 2020, non-executive directors do not receive part of their remuneration in the form of shares of the Company. EXMAR is of the opinion that granting remuneration in shares (in part or in whole) would not necessarily contribute to enabling the directors to act from the perspective of long-term shareholder value and risk profile of the Company. The Company will, at regular intervals, reconsider this issue. Directors are appointed, and the length of their terms is approved by the General Meeting of Shareholders for a maximum of 3 years. They are not entitled to any notice periods or severance indemnities in relation to the termination of their mandates. They are at all times subject to dismissal by the General Meeting of Shareholders. 4.3.3 Remuneration for executive directors The executive directors of EXMAR, who are a member of the Executive Committee, are only remunerated in their capacity as executive and not in their capacity as director/member of the Board. This applies also to board membership of subsidiaries. If executive directors are remunerated for their role in subsidiaries, this remuneration is part of their agreed global package. Overview of the remuneration of the members of the Board of Directors for 2025 in EUR FIXED REMUNERATION AUDIT & RISK COMMITTEE REMUNERATION NOMINATION & REMUNERATION COMMITTEE REMUNERATION TOTAL Nicolas Saverys Chairman 100,000 - - 100.000 Carl-Antoine Saverys Executive Director - - - 0 FMO BV (Francis Mottrie) Executive Director - - - 0 ACACIA I BV (Els Verbraecken) Non-executive Director 50,000 10,000 10,000 70,000 Maryam Ayati until 20/05/2025 Non-executive Director 9,520.55 - - 9,520.55 Michel Delbaere Non-executive Director 50,000 - 10,000 60,000 Isabelle Vleurinck until 20/05/2025 Non-executive Director 9,520.55 1,904.11 1,904.11 13,328.77 Wouter De Geest Non-executive Director 50,000 10,000 5,416.67 65,416.67 Baron Philippe Vlerick Non-executive Director 50,000 20,000 - 70,000 Stephanie Saverys until 20/05/2025 HELIMAR BV (Stephanie Saverys) from 20/05/2025 Non-executive Director 9,520.55 40,479.45 - - 50,000 Total 369,041.10 41,904.11 27,320.78 438,265.99