Remuneration policy

Pursuant to article 7:89/1 of the Belgian Code of Companies and Associations (the “CCA”) and the 2020 Belgian Corporate Governance Code (“Code 2020”), this remuneration policy applies to the members of the board of directors (both the non-executive and the executive directors) and to the members of the management committee.

The remuneration policy was approved at the meeting of the board of directors of Retail Estates of 13 February 2026, based on the proposal of the remuneration and nomination committee. It was submitted to the special general meeting on 27 March 2026 for approval and was approved by the general meeting. The remuneration policy is applicable from 1 April 2026 (financial year 2026-2027)