Disclosure Devil - Summary

0 SAF Tehnika JSC Remuneration Report for the year ended June 30, 2025 SAF THENIKA JSC REMUNERATION REPORT FOR YEAR ENDED JUNE 30, 2025 This document is signed with a secure electronic signature and contains a time stamp 1 Introduction The remuneration report of the Board and Council of the joint stock company “SAF Tehnika” (hereinafter referred to as the Company) for the year ended June 30, 2025, has been prepared in accordance with the remuneration policy of the Board and Council, which was developed in accordance with the requirements of Section D Chapter III1 of the Financial Instruments Market Law, which introduced Directive (EU) 2017/828 of the European Parliament and of the Council in the Republic of Latvia as regards the encouragement of long-term shareholder engagement. The remuneration report has been drawn up by the Board of the Company. The remuneration report is checked by a sworn auditor and is reviewed and approved at the shareholders’ meeting together with other components of the Company’s annual report. 1. Remuneration of the Company’s Board and Council members is based on the following basic principles: 1.1. Members of the Board and Council of the Company do not receive special remuneration for the performance of their duties as members of the Board or Council. 1.2. For members of the Board/Council who have an employment relationship with the Company in any other position, remuneration is included in the salary. The right to reclaim or defer compensation is not provided for. If a member of the Board/Council has an employment or other civil relationship with the Company, remuneration includes salary and other payments or benefits to a member of the Board/Council. The part of remuneration resulting from employment relationship or other civil relations may vary, for example, in case of granting bonuses, extras, health insurance, etc. The determination of the management remuneration takes into account the professional skills of each member of the Board, the level of responsibility for the work process and resources, as well as the Company's overall financial indicators based on annual results, budget and sales forecasts, sales promotion. The remuneration report includes information for the reporting year, as well as comparative information for the year ended on June 30, 2024, and for some information comparative data for the previous three years are provided. The remuneration report for the reporting year ending on 30 June, 2024 was approved at the shareholder’s meeting on 04 December 2024. The decision was adopted, with 1 924 790 votes "in favor", 0 votes "against", 0 votes "abstentions". Remuneration of members of the Board The fixed remuneration of the members of the Board includes the salary and change in accruals for unused vacations and may include other benefits and privileges not related to the performance of job duties or tasks, such as health insurance, private use of the Company’s car or mobile communication device within certain limits, as well as subsistence (food) allowance in accordance with the concluded collective agreement, etc. Variable remuneration may consist of the following costs in monetary form: § annual bonuses based on the results of the previous reporting year of the Company; § individual payouts for special achievements or events. SAF THENIKA JSC REMUNERATION REPORT FOR YEAR ENDED JUNE 30, 2025 This document is signed with a secure electronic signature and contains a time stamp 2 Remuneration of members of the Council The fixed remuneration of the members of the Council includes the salary and change in accruals for unused vacations and may include other benefits and privileges not related to the performance of job duties or tasks, such as health insurance, private use of the Company’s car or mobile communication device within certain limits, as well as subsistence (food) allowance in accordance with the concluded collective agreement, etc. Members of the Council do not receive additional payments for work on the Audit Committee. Members of the Council who do not have an employment relationship with the Company do not receive special remuneration for performing the duties of members of the Council. Term of office of the Council is from December 08, 2024 to December 07, 2027. . SAF THENIKA JSC REMUNERATION REPORT FOR YEAR ENDED JUNE 30, 2025 This document is signed with a secure electronic signature and contains a time stamp 3 Remuneration of members of the Board and Council and other benefits paid or payable for the financial year 2024/2025 is presented below: Name, Surname, Position Fixed Remuneration Variable Remuneration EUR Total Remuneration EUR Fixed / Variable Remuneration % Salary EUR Other Benefits EUR Total EUR Normunds Bergs Chairman of the Board 93 016 6 922 99 939 6 920 106 858 94% 6% Didzis Liepkalns Chief Technical Officer, Member of the Board 48 078 1 186 49 264 4 385 53 649 92% 8% Zane Jozepa Head of Finance and Administrative Department, Member of the Board 66 878 7 673 74 551 5 560 80 111 93% 7% Jānis Bergs Vice President of Sales and Marketing, Member of the Board 2 650 535 3 185 - 3 185 100% 0% Jānis Bergs Vice President of Sales and Marketing, Member of the Board (another company of the Group) 188 288 24 074 212 362 - 212 362 100% 0% Total Board Remuneration 398 910 40 390 439 301 16 685 456 166 96% 4% Juris Ziema Head of Production, Chairman of the Council 60 534 5 561 66 095 5 030 71 125 93% 7% Andrejs Grišāns Head of Production, Vice- Chairman of the Council 46 866 11 664 58 530 3 936 62 466 94% 6% Aira Loite Director of Digital Transfor- mation, Member of the Council 56 694 1 472 58 166 4 738 62 904 92% 8% Total Council Remuneration 164 094 18 697 182 791 13 704 196 495 93% 7% SAF THENIKA JSC REMUNERATION REPORT FOR YEAR ENDED JUNE 30, 2025 This document is signed with a secure electronic signature and contains a time stamp 4 Remuneration of members of the Board and Council and other benefits paid or payable for the financial year 2023/2024 is presented below: Name, Surname, Position Fixed Remuneration Variable Remuneration EUR Total Remuneration EUR Fixed / Variable Remuneration % Salary EUR Other Benefits EUR Total EUR Normunds Bergs Chairman of the Board 83 805 2 849 86 654 - 86 654 100% 0% Didzis Liepkalns Chief Technical Officer, Member of the Board 52 902 1 369 54 271 - 54 271 100% 0% Zane Jozepa Head of Finance and Administrative Department, Member of the Board 65 060 7 183 72 243 - 72 243 100% 0% Jānis Bergs Vice President of Sales and Marketing, Member of the Board 2 644 600 3 244 - 3 244 100% 0% Jānis Bergs Vice President of Sales and Marketing, Member of the Board (another company of the Group) 197 065 28 836 225 901 - 225 901 100% 0% Total Board Remuneration 401 476 40 837 442 313 - 442 313 100% 0% Juris Ziema Head of Production, Chairman of the Council 57 926 5 832 63 758 - 63 758 100% 0% Andrejs Grišāns Head of Production, Vice- Chairman of the Council 35 856 4 609 40 465 - 40 465 100% 0% Aira Loite Director of Digital Transfor- mation, Member of the Council 57 794 1 136 58 930 - 58 930 100% 0% Total Council Remuneration 151 576 11 577 163 153 - 163 153 100% 0% SAF THENIKA JSC REMUNERATION REPORT FOR YEAR ENDED JUNE 30, 2025 This document is signed with a secure electronic signature and contains a time stamp 5 Average remuneration of full-time employees (excluding members of the Board and Council) 2024/2025 EUR 2023/2024 EUR 2022/2023 EUR 2021/2022 EUR 2020/2021 EUR Salary 7 050 444 6 465 968 7 441 444 6 043 483 4 906 009 Average number of employees 212 211 205 184 179 Average remuneration per employee 33 257 30 644 36 300 32 845 27 408 Salary is presented by the accrual method. Management Remuneration 2024/2025 EUR 2023/2024 EUR 2022/2023 EUR 2021/2022 EUR 2020/2021 EUR Fixed remuneration of members of the Council 182 792 163 153 179 382 165 800 98 574 Variable remuneration of members of the Council 13 704 - 46 940 43 766 26 302 Total remuneration of members of the Council 196 496 163 153 226 322 209 566 124 876 Fixed remuneration of members of the Board 439 300 442 313 428 736 385 905 306 955 Variable remuneration of members of the Board 16 865 - 223 195 334 231 651 661 Total remuneration of members of the Board 456 165 442 313 651 931 720 136 958 616 Performance results 2024/2025 EUR 2023/2024 EUR 2022/2023 EUR 2021/2022 EUR 2020/2021 EUR Revenue from contracts with customers 21 924 653 23 258 653 32 040 313 29 135 280 20 983 223 Profit/(loss) before tax (551 789) (1 339 282) 3 622 335 5 803 336 3 176 647 Profit/(loss) of the reporting year (551 789) (1 339 282) 3 117 404 5 754 239 3 176 647 Please see other performance results in the respective year's annual report. Number of shares and share options granted and offered and the main conditions for the use of options, including the price and date of their use, and their changes (if any). None Information on cases where a variable part of remuneration has been reclaimed. None Temporary derogations applied, including an explanation of the nature of the exception and an indication of the specific components of the remuneration policy for which the temporary derogation has been applied. None