Disclosure in terms of Rule 13.10 of the Capital Markets Rules of the Malta Financial Services Authority.

The Board of Directors of SFC is currently composed of seven (7) male Directors and one (1) female Director.

The Company falls within the scope of Capital Markets Rule 13.3 and the EU Gender Balance Directive and is therefore required to reach either the following objectives:

• a. members of the underrepresented sex hold at least 40 % of non-executive director positions
• b. members of the underrepresented sex hold at least 33 % of all director positions, including both executive and non-executive directors

Effectively, in practice, this means that the Company should have not less than three female directors on the Board by 30 June 2026. Penalties for non-compliance may apply in terms of Article 39A of the Financial Markets Act.

To support compliance with Capital Market Rule 13.3 and the EU Gender Balance Directive and to strengthen diversity at Board level, during the Nominations for the Election of Directors period held between the 24 April to the 8 May 2026, the Company invited shareholders to put forward nominations from the under-represented sex, currently female. The Company sought to encourage nominations of competent and experienced women who can contribute to the Board's effectiveness and strategic direction. The Company received two (2) Nominations in respect of the two (2) posts which were vacated at the end of the seventy-ninth (79th) Annual General Meeting and therefore no election of Directors was held.

Furthermore, it is noted that in terms of the SFC's Articles of Association, shareholders owning twelve and half per cent (12.5%) of the ordinary issued share capital of the Company or more are entitled to appoint one Director for each twelve and half per cent (12.5%) of the ordinary share capital owned by such Shareholder. Accordingly, six (6) Directors are appointed by the three major shareholders who are named and whose holdings are listed in Note 33 to the financial statements. In this respect, the Company had formally notified each of the three major shareholders of the contents of Chapter 13 of the Capital Markets Rules and of the EU Gender Balance Directive detailing the scope, objective, reporting requirements and consequences of non-compliance, together with a request that they consider the regulatory framework and support the Company to align with the regulatory obligations.

The Board of Directors has therefore taken the appropriate measures to bring to the attention of (a) the three major shareholders and (b) the general public shareholders in the call for nominations for the election of directors, the contents of Chapter 13 of the Capital Markets Rules and the EU Gender Balance Directive.

In the final analysis and in terms of the Memorandum and Articles of Association of the Company, the shareholders are the ultimate determinants of the composition of the Board. Finally, and in mitigation of the current shortfall in the level of representation of the underrepresented gender on the Board, as noted above the CFO and Company Secretary are present at all Board meetings. If their presence were to be taken into account, 33% of attendees at Board meetings would be members of the underrepresented sex.