IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 The interest rate in force on 31 December 2023 for CPP and borrowings was on average around 3.35% (2.55% on 31 December 2022). Borrowings indexed at variable rates are indexed to Euribor. The future cash flows (nominal value) associated with these liabilities on 31 December 2023 are detailed as follows: FC 2024 FC 2025 FC 2026 FC 2027 FC 2028 Total Borrowings 4 110 370 3 545 610 3 131 694 1 186 222 - 11 973 897 Commercial paper 11 680 147 4 800 000 - - 16 480 147 Interest 299 304 78 615 7 121 - - 385 040 Changes in bank debt Movements in 2023 and 2022 under current and non-current loans, except for finance leases and bank overdrafts, are presented as follows: 2023 2022 1 January 70 081 886 167 032 350 Variations with impact in cash flows: Proceeds from borrowings obtained - 3 000 000 Financial debt repayments -42 445 598 -83 427 754 Variations without impact on cash flows: Effect of changes in bank overdrafts (note 8.6.) - -16 676 137 Financing set-up costs 847 413 - Capitalised interest and other -29 658 153 428 as at 31 December 28 454 043 70 081 886 As at 31 December 2023 and 2022, total outstanding loans in the functional currency in which they were contracted break down as follows: dec/2023 dec/2022 EUR 28 454 043 70 081 886 AOA - - As at 31 December 2023, the Group had 33 million euros in commercial paper not issued and credit lines contracted but not used. 473