Value-based governance Compensation of the Executive Committee Total Executive Committee (EC) compensation reported in 2021 remained stable compared to 2020, representing full year compensation for seven members (including the Chief Executive Officer). Total EC compensation for the reporting period increased by 2.8%, reflecting higher annual incentive achievement. Total fixed compensation and long-term incentive grant values did not increase versus the previous reporting period. Ownership of Givaudan securities As per 31 December 2021, the Chairman and other Board members, including persons closely connected to them held 6,183  Givaudan shares in total. The Chief Executive Officer and other members of the Executive Committee, including persons closely connected to The compensation paid is within the amounts approved by shareholders at the respective Annual General Meeting. The fixed and long term variable compensation approved for 2021 was CHF 15,400,000 (2020: CHF 15,300,000). The annual incentive, short term variable compensation amount for 2021 was CHF 5,461,355 and will be submitted for approval at the 2022 Annual General Meeting (2020: CHF 4,812, 783). them, held 8.053 Givaudan shares. One person closely connected to a member of the Executive Committee owned 184 unvested Performance Shares as at 31 December 2021. XII. Executive Committee (EC) compensation summary in Swiss francs Base Salary Pension benefits ² O ther benefits ³ T otal fixed compensa - tion Annual Incentive ⁴ N umber of perfor - mance shares granted ⁵ V alue at grant ⁶ T otal variable compensation Total compen - sat ion Employer social security ⁷ Gilles Andrier, CEO 2021 1,221,418 578,371 141,079 1,940,868 1,862,933 728 2,500,898 4,363,831 6,304,699 525,879 2020 1,211,084 574,237 145,344 1,930,665 1,636,536 895 2,501,078 4 , 1 3 7, 6 14 6,068,279 504,728 EC, excluding CEO ¹ 2021 3,228,752 1,086,554 388,786 4,704,092 3,598,422 1,688 5,798,786 9 , 3 9 7, 2 0 8 14,101,300 1,073,231 2020 3,336,973 1,036,769 433,184 4,806,926 3,176,247 2,077 5,804,177 8,980,424 13,787,350 1,029,178 Total: EC Members, including CEO 2021 4,450,170 1,664,925 529,865 6,644,960 5,461,355 2,416 8,299,684 13,761,039 20,405,999 1,599,110 2020 4,548,057 1,611,006 578,528 6 , 7 3 7, 5 9 1 4,812,783 2,972 8,305,255 13,118,038 19,855,629 1,533,906 1. Represents full year compensation of six Executive Committee members. 2 . Co mpany contributions to broad-based pension and retirement savings plans and annualised expenses accrued for supplementary executive retirement benefit. 3. Re presents annual value of health and welfare plans, international assignment benefits and other benefits in kind. 4. An nual incentive accrued in reporting period based on performance in the reporting period. 5. 20 21 Performance shares vest on 15 April 2024, 2020 Performance Shares vest on 15 April 2023. 6. Va lue at grant calculated according to IFRS methodology and based on 100% achievement of performance targets. 7. 20 21 estimated social security charges based on 2021 compensation; 2020 estimated social security charges based on 2020 compensation. Board of Directors: ownership of Givaudan securities 2021 in numbers Shares Blocked RSUs Calvin Grieder, Chairman 947 629 Victor Balli 248 157 Prof. Dr-Ing. Werner Bauer 1,428 157 Lilian Biner 735 157 Michael Carlos 1,260 157 Ingrid Deltenre 365 157 Olivier Filliol 1,200 94 Sophie Gasperment 72 Total 2021 6,183 1,580 Total 2020 6,501 1,962 Executive Committee: ownership of Givaudan securities 2021 in numbers Shares Unvested Performance Shares Gilles Andrier, CEO 4,600 2,715 Tom Hallam 278 1,141 Louie D'Amico 525 1,270 Maurizio Volpi 801 1,357 Simon Halle-Smith 706 815 Willem Mutsaerts 434 815 A nn e Tay ac 525 815 Total 2021 7, 8 6 9 8,928 Total 2020 6,312 10,937 Givaudan – 2021 Integrated Annual Report Value-based governance Se tting incentives to create value 131