35. Additional disclosures pursuant to section 315e (1) of the German Commercial Code (HGB)

Compensation of Board Members

The amounts presented below for the remuneration of the Management Board and the Supervisory Board of NORMA Group SE result from the valuation principles defined in the German GAAP (HGB) and may differ from the amounts recognized in the IFRS Consolidated Financial Statements.

The remuneration of the Management Board and Supervisory Board was as follows:

In the fiscal year, share-based payments were granted under the LTI for the Executive Board members. The fair value at grant date for the 2021 tranche of the NOVA LTI was EUR 0 thousand. For the 2021 tranche of the ESG LTI, the fair value at grant date was EUR 280 thousand. The share-based payments granted under the STI for Executive Board members had a fair value of EUR 770 thousand at the grant date.

The defined benefit obligation of pension commitments to prior members of the Management Board and their dependents was EUR 923 thousand as of December 31, 2021 (2020: EUR 817 thousand).

Further information on the remuneration of the members of the Management Board of NORMA Group SE can be found in the Remuneration Report.

Fees fort he Auditors

Fees for the auditor, PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Frankfurt / Main were expensed as follows:

In addition to auditing services, the auditor provided confirmation services for financial covenants audit. Other services include audit of the Nonfinancial Statement.

Headcount

The average headcount breaks down as follows:

The category ‘direct labor’ consists of employees who are directly engaged in the production process. The numbers fluctuate according to the level of output. The category ‘indirect labor’ consists of personnel that does not directly produce products, but rather supports production. Salaried employees are employees in administrative / sales / central functions.

Consolidation

Name, place of domicile and share in capital pursuant to section 313 (2) No. 1 HGB of the consolidated group of companies is presented in NOTE 4 ‘SCOPE OF CONSOLIDATION’.

Proposal for the distribution of the earnings

The Management Board of NORMA Group SE proposes to the Annual General Meeting to pay a dividend of EUR 0.75 per share to the shareholders. The total dividend payment thus amounts to EUR 23,896,800.

Declaration of Conformity with the German Corporate Governance Code (Section 161 AktG)

The Management Board and Supervisory Board have issued a Corporate Governance Declaration pursuant to section 161 of the German Stock Corporation Act (Aktiengesetz) and made it available to shareholders on the website of NORMA Group.