board

\MAB Policies Preparer Details Compliance department Review Responsibility Board of Directors MAB Version 1.0 approved on 26 September 2018 Policy was approved by the Board of Directors of MAB MAB Version 2.0 approved on 25 March 2020 Policy was reviewed and approved by the Board of Directors of MAB MAB Version 3.0 approved on 1 December 2022 Policy was reviewed and approved by the Board of Directors of MAB MAB Version 3.1 as of 27 June 2023 Policy was updated to include the latest External

, the following changes are to be noted: ▪ In accordance with Article 52 of the Solvency II Law, an additional specialized committee was established in 2023, namely the Risk and Compliance Committee (“RCC”), supporting the Board of Directors (“Board... NBB is awaited. Lastly, the Company is in progress to add a new non-executive independent director to the Board of Directors. The day-to-day management of the business is delegated to the Management Committee (the “MC”). All independent control

Remuneration Committee (“RC”), supporting the Board of Directors (“Board”). ▪ The appointment of the new chairman was approved by the NBB. ▪ As of 12 July 2024, a new non-executive director was appointed. ▪ The person responsible as AMLCO and Compliance... fulfilling the compliance function was approved by the Board on 12 February 2025. The day-to-day management of the business is delegated to the Management Committee (the “MC”). The MC remains committed to continuing to strengthen the system of

previous Chief Financial Officer of MAB has been entrusted with the financial supervision of the service companies; and, ▪ 2 Independent Board members joined MAB’s Board. The day-to-day management of the business delegated to the Management Committee... of all categories of risk. The risk management system includes the Own Risk and Solvency Assessment (“ORSA”) which assists MAB’s board of directors (“the Board”) in determining whether there are adequate Own Funds to cover the Company’s risks over

for the identification, assessment, monitoring, management and reporting of all categories of risk. The risk management system includes the Own Risk and Solvency Assessment (“ORSA”) which assists the Board in determining whether there are adequate

are to be noted: ▪ An Audit Committee, supporting the Board of Directors, has been established. ▪ A non-executive director has been replaced by another non-executive director on 28 June 2022. ▪ An executive director has left the Company on 31 December... reporting of all categories of risk. The risk management system includes the Own Risk and Solvency Assessment (“ORSA”) which assists MAB’s board of directors (“the Board”) in determining whether there are adequate Own Funds to cover the Company’s risks

independent control functions. The governance system includes requirements relating to the suitability and probity, remuneration practices and outsourcing activities. The board of directors has the widest powers to perform all acts necessary or useful for the accomplishment of the corporate object, excluding those reserved by law or statutes to the general meeting. The Board of Directors is supported by an Audit Committee and a Risk &Compliance Committee. The day-to-day management of the company is