Compensation of the Board of Directors Compensation of Board members consists of Director fees, Committee fees and Restricted Share Units (RSUs). Fees are paid at the end of each year in office completed. RSUs give participants the right to receive Givaudan shares (or a cash equivalent in countries where securities laws prevent the offering of Givaudan securities) at the end of a three-year blocking period. During this period, Board members must hold RSUs (accordingly are restricted from trading RSUs or the underlying Givaudan shares), thereby aligning with shareholder interests over the longer term. Board members are entitled to receive Givaudan shares regardless of membership status so that, for example, if re-election does not occur during the restriction period, awarded RSUs are retained by the respective Board member. Such practice has been implemented in line with best practice in support of Givaudan’s commitment to ensuring Board independence. The compensation paid to the Board members for the period between the 2020 and 2021 Annual General Meetings, CHF 3,280,206, is again within the amount approved by shareholders at the 2020 Annual General Meeting CHF 3,400,000. Amounts approved at the 2021 Annual General Meeting CHF 3,250,000 will be paid by the end of the year in office and validated in the 2022 Compensation report. Such approved and paid amounts may differ from those shown in the Board compensation summary table which, according to the OaEC, must include compensation paid in the reporting year. XIV. Board of Directors compensation summary in Swiss francs Director fees ³ C ommittee fees ³ T otal fixed (cash) Number of RSUs granted ⁴ V alue at grant ⁵ Tot al compensation Calvin Grieder Chairman ¹ 2021 400,000 65,000 465,000 169 580,566 1,045,566 2020 400,000 65,000 465,000 208 581,256 1,046,256 Victor Balli ¹ 2021 100,000 72,500 172,500 42 144,283 316,783 2020 100,000 50,000 150,000 52 145,314 295,314 Prof. Dr-Ing. Werner Bauer ¹ 2021 100,000 65,000 165,000 42 144,283 309,283 2020 100,000 65,000 165,000 52 145,314 310,314 Lilian Biner ¹ 2021 100,000 25,000 125,000 42 144,283 269,283 2020 100,000 25,000 125,000 52 145,314 270,314 Michael Carlos ¹ 2021 100,000 65,000 165,000 42 144,283 309,283 2020 100,000 65,000 165,000 52 145,314 310,314 Ingrid Deltenre ¹ 2021 100,000 50,000 150,000 42 144,283 294,283 2020 100,000 50,000 150,000 52 145,314 295,314 Thomas Rufer ¹, ⁶ 2021 25,000 13,750 38,750 13 36,329 75,079 2020 100,000 55,000 155,000 52 145,314 300,314 Olivier Filliol ¹,⁷ 2021 100,000 50,000 150,000 42 144,283 294,283 2020 75,000 3 7, 5 0 0 112,500 39 108,986 221,486 Sophie Gasperment ¹,⁸ 2021 100,000 25,000 125,000 42 144,283 269,283 2020 33,333 8,333 41,666 17 47, 5 0 7 89,173 Total compensation ² 2021 3,183,126 2020 3,138,799 1. The function of each member of the Board of Directors is indicated on pages 7–9 in both the 2020 Governance report and the 2021 Governance Report. 2 . Re presents total compensation of the Board of Director paid in respect of the reporting year, reported in accordance with the accrual principle. 3. Re presents Director and Committee fees paid in respect of the reporting year, reported in accordance with the accrual principle. 4. 20 21 RSUs blocking period end on 15 April 2024; 2020 RSUs end on 15 April 2023. 5. Ec onomic value at grant according to IFRS methodology with no discount applied for the blocking period. 6. Th omas Rufer retired at the AGM in March 2021. 7. Th e 2020 figures represent compensation from April to December 2020. 8. Th e 2020 figures represent compensation from September to December 2020. Estimated social security charges based on 2021 compensation amounted to CHF 263,416 (2020: CHF 259,320). Givaudan – 2021 Integrated Annual Report 130 Value-based governance Se tting incentives to create value