Letter from the Chair of the Remuneration Committee

Dear Shareholders,

On behalf of the Board of Directors and the Remuneration Committee of Galenica, I am pleased to present the Remuneration report for 2025.

The remuneration policy of Galenica aims to attract, motivate and retain best-in-class employees who are entrepreneurially minded, success-oriented and have high personal standards. The remuneration system is designed to support the achievement of the strategic goals defined by the Board of Directors and to provide appropriate remuneration in a competitive employment market and in a complex sector. It is aligned with the long-term Group strategy and its pay-for-performance philosophy. The remuneration system of Galenica aims to strengthen the overall market position of the company while delivering the expected returns to its shareholders.

The Galenica Group performed well in 2025. As a result, Galenica realised a payout factor of 150.5% for the short-term bonus (STI) while the vesting multiple of the long-term incentive (LTI) plan 2023–2025 due in 2026 corresponds to 103.7%. Further details on the performance achieved and the payouts under the incentive plans are provided in this report.

The Remuneration Committee reviews the remuneration systems of the Corporate Executive Committee and the Board of Directors on an annual basis, ensuring that they remain appropriate in the evolving business context. In the reporting year, the Remuneration Committee concluded that the remuneration system of the Corporate Executive Committee, last amended in 2023, is well-aligned with the company strategy and the long-term shareholder interests, systematically reflecting both short-term and long-term success. While the STI rewards for annual financial performance and contributions in the area of ESG, the LTI focuses on long-term value creation and shareholder returns. Consequently, the remuneration system will continue to apply for 2026. For the remuneration system of the Board of Directors, proven to be fit-for-purpose and not subject to any amendments over the last years, the Remuneration Committee similarly concluded that it is still adequate and does not require any changes for 2026.

The Remuneration report provides detailed information on our remuneration systems and the remuneration awarded to the Corporate Executive Committee and the Board of Directors for the reporting year. It will be submitted to the shareholders for a non-binding consultative vote at the Annual General Meeting on 21 April 2026.

We would like to thank our employees for their commitment and hard work, and you, dear shareholders, for your trust and continuing support.

Bertrand Jungo

Chair of the Remuneration Committee