IBERSOL • 2023 Integrated Management Report

Consolidated Financial Statements Ano 2022 Kwanzas Equivalent EUR USD(*) Equivalent EUR EUR Total (Euro) Financial Assets Cash and bank deposits 2 911 123 272 5 414 689 4 746 4 436 10 268 5 429 394 Treasury bonds 1 816 883 276 3 379 403 - - - 3 379 403 Others 118 114 847 219 694 9 319 - - 219 694 4 846 121 394 9 013 786 14 065 4 436 10 268 9 028 490 Financial Liabilities Borrowings - - - - - - Suppliers 340 978 118 634 219 161 702 151 149 20 203 805 571 Others 8 603 908 16 003 - - - 16 003 349 582 026 650 223 161 702 151 149 20 203 821 574 Ano 2023 Kwanzas Equivalent EUR USD(*) Equivalent EUR EUR Total (Euro) Financial Assets Cash and bank deposits 3 601 012 927 3 867 488 4 746 4 293 10 268 3 882 049 Treasury bonds 1 614 529 814 1 734 005 - - - 1 734 005 Others 325 071 250 349 127 - - - 349 127 5 540 613 991 5 950 619 4 746 4 293 10 268 5 965 181 Financial Liabilities Borrowings - - - - - - Suppliers 435 331 602 467 546 206 606 186 886 76 291 730 723 Others 118 808 973 127 601 - - - 127 601 554 140 575 595 147 206 606 186 886 76 291 858 323 For reference, USD/EUR exchange rate used was 0.90 and 0.93, respectively, in 2023 and 2022. Additionally, the Angolan subsidiaries have debts to suppliers - mostly group companies - denominated in EUR which, after conversion, generate exchange rate differences in the consolidated financial statements (other operating costs). On the other hand, the same subsidiaries hold financial assets indexed to USD in an amount necessary to cover liabilities in foreign currency. Simulating, based on the figures for 31 December 2023, an additional devaluation of the AKZ against the USD and the EUR in the order of 10% or 15%, keeping everything else constant, the impact on the Group’s Equity would be 1.5 million euros and 2.3 million euros (1.6 million euros and 2.5 million euros, in 2022), respectively. 464