Remuneration Report

of

MASTERPLAST Nyilvánosan Működő Részvénytársaság

(seat: 8143 Sárszentmihály, Árpád u. 1/A., company registration number: 07-10-001342,

hereinafter referred to as "the Company")

for the financial year 2023

This Remuneration Report has been prepared in accordance with the current Remuneration Policy pursuant to Act LXVII of 2019 (hereinafter the "Remuneration Policy"), adopted by the General Meeting of Shareholders on 27 April 2023 by Resolution 13/2023 (27.04.2023).

The total remuneration for 2021-2023 of the directors (the members of the Board of Directors of the Company entitled to receive fees) as defined in the Remuneration Policy set out in the table below:

Gross amount of

Gross amount of

Gross amount of

Name

Position

remuneration

remuneration

remuneration

for the financial year

for the financial year

for the financial year

2021

2022

2023

Dezse Margaret

Member of the

3.600.000, - HUF

3.600.000, - HUF

3.600.000, -HUF

Elizabeth

Board of

Directors

Dirk Theuns*

Member of the

0, - HUF

0, - HUF

0, - HUF

Board of

Directors

Sinkó Ottó**

Member of the

3.600.000, - HUF

1.200.000, - HUF

-

Board of

Directors

Fazekas

Member of the

-

2.400.000, - HUF

3.600.000, -HUF

Bálint***

Board of

Directors

*did not receive an allowance as a result of a subsequent waiver of the honorarium

  • his membership of the board of directors was terminated on April 30, 2022
  • member of the Board of Directors from 1 May 2022

The above members of the Board of Directors of the Company received only a fixed monthly honorarium determined by the General Meeting. The members of the Audit Committee did not receive any special remuneration for their membership.

As of 27 April 2023, the management structure has changed. Dávid Tibor, member of the Board of Directors and President of the Board of Directors, has been elected by the Board of Directors as CEO of the Company for an indefinite term. CEO Dávid Tibor appointed Balázs Ács, Vice-president of the Board of Directors, and Róbert Nádasi, former CEO, as Deputy CEOs for an indefinite term from 27 April 2023. Following the

MASTERPLAST Nyrt. • H-8143 Sárszentmihály, Árpád u. 1/A • Tel.:+36-22-801-300• Fax: +36-22-801-382

Cny: Székesfehérvári Törvényszék Cégbírósága • Cégjegyzékszám: 07-10-001342• www.masterplastgroup.com

changes, Dávid Tibor and Balázs Ács is be appointed to the Board of Directors on a contract basis instead of an employment contract, and as CEO and Deputy CEO on an employment contract basis.

In view of the above, the remuneration of the President and Vice-president of the Board of Directors, as of 27 April 2023, paid on the basis of a fixed monthly mandate, as determined by the General Meeting, is as follows:

Position

Gross amount of remuneration from

27 April 2023

for the financial year 2023

Tibor Dávid

President of the Board of

2.440.000, -HUF

Directors

Ács Balázs

Vice-president of the

2.440.000, - HUF

Board of Directors

The amounts and components of the remuneration of the employed members of the Board of Directors and the CEO for 2022 are set out in the following table:

Year 2022

Gross salary

Fringe

Ratio of gross

benefits

wages and fringe

benefits (%)

Tibor Dávid

24.920.000, - HUF

120.000, -

0,48%

President of the

Board

HUF

of Directors

Ács Balázs

20.120.000, - HUF

120.000, -

0,60%

Vice-President

of the

HUF

Board of

Directors

Nádasi Róbert

35.800.000, - HUF

120.000, -

0,34%

Chief

Executive

HUF

Officer/CEO

In the year 2023, the remuneration of the members of the Board of Directors and the Chief Executive Officer employed until 27 April 2023 and the remuneration of the Chief Executive Officer and Deputy Chief Executive Officers employed from 27 April 2023 onwards was as follows:

MASTERPLAST Nyrt. • H-8143 Sárszentmihály, Árpád u. 1/A • Tel.:+36-22-801-300• Fax: +36-22-801-382

Cny: Székesfehérvári Törvényszék Cégbírósága • Cégjegyzékszám: 07-10-001342• www.masterplastgroup.com

Year 2023

Gross salary

Fringe

Ratio of

benefits

gross

wages and

Until

From

fringe

27/04/2023

27/04/2023

benefits

(%)

Dávid Tibor

10.000.000, -

28.111.111, -

2.440.000, -

6%

HUF

HUF

HUF

Employment: President of the Board

of Directors until 27/04/2023, CEO

from 27/04/2023

Balázs Ács

8.000.000, -

20.055.556, -

2.440.000, -

9 %

Employment: Vice-president of Board

HUF

HUF

HUF

of Directors until 27/04/2023, Deputy

CEO from 27/04/2023

Róbert Nádasi

35.960.000, -HUF

0,- HUF

0 %

Employment: CEO until 27/04/2023,

Deputy CEO from 27/04/2023

Gross pay is a fixed amount, fringe benefits are variable components of performance-related and discretionary remuneration.

Components of fringe benefits:

Year 2022

Share-based

Other cash benefits

remuneration

Tibor Dávid

0 pc

120.000, -HUF

President of the

Board

of Directors

Ács Balázs

0 pc

120.000, -HUF

Vice-President of the

Board of Directors

Nádasi Róbert Chief

37.821 pc

120.000, -HUF

Executive Officer/CEO

MASTERPLAST Nyrt. • H-8143 Sárszentmihály, Árpád u. 1/A • Tel.:+36-22-801-300• Fax: +36-22-801-382

Cny: Székesfehérvári Törvényszék Cégbírósága • Cégjegyzékszám: 07-10-001342• www.masterplastgroup.com

The components of the fringe benefit based on the directors' employment:

Year 2023

Share-based remuneration

Other cash benefits

Dávid Tibor President of

0 pc

2.440.000, - HUF

the Board of Directors /

CEO

Balázs Ács Vice-President

0 pc

2.440.000, - HUF

of the Board of Directors

/ Deputy CEO

Róbert Nádasi CEO /

23.414 pc

0,- HUF

Deputy CEO

The above amounts include all remuneration received from companies belonging to a group comprising the parent company and all its subsidiaries within the meaning of Act C of 2000 on Accounting.

In 2022, the CEO of the Company, Róbert Nádasi vested 37,821 options for MASTERPLAST ordinary shares under the MASTERPLAST Employee Stock Ownership Plan Organization's 2020-2021 Remuneration Policy. The options were exercised on 20.06.2022 at an exercise price of 100, -HUF/share.

The Deputy CEO of the Company, Róbert Nádasi, has vested 23,414 options for MASTERPLAST ordinary shares in 2023 under the MASTERPLAST Employee Stock Ownership Plan Organisation's 2020-2021 and 2021-2022 Remuneration Policy. The option was exercised on 24 May 2023 at an exercise price of HUF 100 per share. The stock exchange price of MASTERPLAST ordinary shares on 24 May 2023 was HUF 2,470. - per share.

There were no circumstances giving rise to a claim for recovery of variable remuneration in 2023.

Pursuant to Act LXVII of 2019 on the Promotion of Long-Term Shareholder Involvement and the Amendment of Certain Acts for the Purposes of Legal Harmonisation, the Company is preparing its third remuneration report, therefore, in accordance with Article 29 (4) of the Act, the present Remuneration Report contains the following data and comparison for the years 2021-2023 for the previous years:

Average

Personnel

Personal

EBITDA

number of

cost per

EBITDA

per 1

cost

employees

person

person

2021

47

454 009

9 659

738 556

15 713

persons

626 HUF

779 HUF

068 HUF

959 HUF

2022

70

685 310

9 790

912 428

13 034

persons

648 HUF

152 HUF

615 HUF

695 HUF

2023

71

788 062

11 099

4 086

4 086

persons

689 HUF

477 HUF

434 HUF

434 HUF

The remuneration of the employed members of the Board of Directors and the CEO (from 27/04/2023 the CEO and Deputy CEOs) for the years 2021-2023 is as follows:

MASTERPLAST Nyrt. • H-8143 Sárszentmihály, Árpád u. 1/A • Tel.:+36-22-801-300• Fax: +36-22-801-382

Cny: Székesfehérvári Törvényszék Cégbírósága • Cégjegyzékszám: 07-10-001342• www.masterplastgroup.com

Fringe benefits

Gross salary

Share-based

Other cash benefits (HUF)

remuneration (pc)

2021.

2022.

2023.

2021.

2022.

2023.

2021.

2022.

2023.

Dávid

Tibor

President

of the

14.400.000

24.920.000

38.111.111

47.980

120.000

2.440.000

0

0

0

Board of

Directors /

CEO

Balázs Ács

Vice-

President

of the

12.000.000

20.120.000

28.055.556

47.980

120.000

2.440.000

0

0

0

Board of

Directors /

Deputy

CEO

Róbert

Nádasi

CEO /

35.200.000

35.800.000

35.960.000

28.980

120.000

0

33.935

37.821

23.414

Deputy

CEO

The total remuneration of the Directors for 2023 has been paid in accordance with the approved Remuneration Policy and its level is considered by the Board of Directors to be in line with the longterm performance of the Company. For the year 2023, no exceptional circumstances have arisen that would justify any deviation from the procedure for implementing the Remuneration Policy.

The General Meeting of Shareholders of the Company held on 27 April 2023 by resolution no. 5/2023. (04.27.) of General Meeting unanimously approved the Remuneration Report of the Company for the financial year 2022 with the content as presented, and the Company has taken into account the vote of the General Meeting of Shareholders on the Remuneration Report for the previous financial year in the preparation of the present Remuneration Report.

The Company's Remuneration Report for the financial year 2023 as set out above was approved by the General Meeting of the Shareholders of the Company by resolution no. 4/2024. (2024.04.25.) of General Meeting on 25 April 2024.

MASTERPLAST Nyrt. • H-8143 Sárszentmihály, Árpád u. 1/A • Tel.:+36-22-801-300• Fax: +36-22-801-382

Cny: Székesfehérvári Törvényszék Cégbírósága • Cégjegyzékszám: 07-10-001342• www.masterplastgroup.com

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MASTERPLAST Nyrt. published this content on 25 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2024 16:20:07 UTC.