IBERSOL | Integrated Management Report 2022

Consolidated Financial Statements FISCAL BOARD REPORT To the Shareholders of IBERSOL SGPS, S.A.: In compliance with the legal and statutory requirements, the Fiscal Board in the fulfilment of the mandate in which he is invested, the Fiscal Board prepared this report on its super- visory action carried out in the 2022 fiscal year, as well as on the Management Report and remaining consolidated and individual financial statements of the company, presented by the Board of Directors and related to the year ended on December 31, 2022, and issues the consequent opinion: 1. Supervisory Activity Report: The Fiscal Board accompanied, within the scope of its competencies and mandate, dur- ing the 2022 financial year, the management of the company and its subsidiaries, having received for that purpose, timely and adequate information from the Company’s Board of Directors and the Statutory Auditor KPMG & Associados, SROC, S.A. Over the course of 2022 the Fiscal Council held quarterly meetings with all members pre- sent, which examined and considered the matters subject to the powers of this body. In these ordinary meetings the Auditor, KPMG & Associados, SROC, S.A. , was represented by the Statutory Auditor Dr. Pedro Manuel Bouça de Morais Alves, Statutory Auditor number 1466. The Statutory Auditor / External Auditor KPMG & Associados, SROC, S.A. presented and proposed to the Audit Committee, in a meeting convened for the purpose, the “2022 Year- End Audit Plan and Strategy” with the main points of the plan of its supervisory activity, as well as the performance calendar of the members assigned to the team to the economic year. Along the exercise they provided the detailed information about the actions per- formed and the resulting conclusions. The Fiscal Board also had the participation of the Board of Directors in its quarterly meet- ings, from whose members it received information over the society’s activity and explana- tions needed to understand the activity and financial information drawn up by same Board of Directors in previously moment to its disclosure. The Fiscal Board did not come across any constraint during their supervision action, having monitored the system for receiving and handling reports of irregularities, including through the Internal Reporting Channel created by the company. The Fiscal Board exercised its powers to supervise the activities and independence of the External Auditor and the Auditor, having the perception that the recommended practices were observed; and the Fiscal Board has rendered its approval to additional services to the auditory services that were hired to the External Auditor, having considered that it’s independence was safeguarded, its remuneration was contained in market conditions, and, therefore, it was in the society’s interest to benefit of the knowledge and punctuality as- sured in those services. The provision of additional services performed by the external auditor did not overcome the established by European regulations and national legislation in force. 488