ENEFI Vagyonkezelo : Asset Management Plc. - Remuneration Report

The

ENEFI Asset Management Plc

(company registration number: 01-10-045428) ("Company")

Board of Directors

REMUNERATION REPORT

for the year 2022

Based on Act LXVII of 2019 on encouraging long-term shareholder engagement and amendments of

further regulations for harmonization purposes

The scope of the remuneration report:

The report aims to provide a clear and understandable overview of all remuneration provided to each director under the remuneration policy in the last financial year or based on the results thereof, including directors potentially newly employed in the financial year.

The members of the Company's Board of Directors during the reporting period:

Csaba Soós	full period
Ferenc Virág	full period
László Bálint	full period
Tendli Krisztina	from 12.09.2022
dr. Piroska Paksi	until 14.02.2022

The members of the Company's Supervisory and Audit Board during the reporting period:

Imre Kerekes	full period
Dr. Gyula Bakacsi	full period
Dr. Miklós László Siska	full period

The Company's General Director during the reporting period:

Csaba Soós

full period

Remuneration in the reference period (ENEFI Asset Management Plc.):

Name	Position	Remuneration
		gross total
Csaba Soós	Member of the Board of Directors (mandate)	9 480 944
Csaba Soós	Chief Executive Officer (employment)	15,000,000
Ferenc Virág	Member of the Board of Directors (mandate)	7,746,775
László Bálint	Member of the Board of Directors (mandate)	7,746,775
Tendli Krisztina	Member of the Board of Directors (mandate)	3 750 149
dr. Piroska Paksi	Member of the Board of Directors (mandate)	1.036.193
Imre Kerekes	Member of the Supervisory Board and the	2,040,000
	Audit Committee (mandate)
Dr. Gyula Bakacsi	Member of the Supervisory Board and the	2,040,000
	Audit Committee (mandate)
Dr. Miklós László Siska	Member of the Supervisory Board and the	2,040,000
	Audit Committee (mandate)

Remuneration and remuneration policy (ENEFI Asset Management Plc.)

Remuneration is in line with the Remuneration Policy accepted by the Company's governing body.

The Company's Board of Directors members are also shareholders of the Company; thus, the Company's long-term performance is not primarily contributed to by the remuneration of the Members of the Board of Directors but by their shareholder entity. Considering that the Board of Directors did not receive changing compensation in the reference year, it did not apply performance criteria.

Comparative figures (ENEFI Asset Management Plc.):

The annual change of remuneration in the last five financial years and the development of the performance of the Company and average remuneration of non-director employees of the Company is as follows:

Employee wage (and wage-type) Employee social contribution Employee vocational training contribution

Management - benefits Management - social contribution Management - Vocational training contribution

	2018	2019
	thousand	thousand
	forints	forints
	16,364	16,699
	2,802	2,983
	225	232
	42,005	45,969
	8,055	8,918
	671	718

2020	2021	2022
thousand	thousand	thousand
forints	forints	forints
27,458	38,728	34 924
4,411	5,976	3 563
397	567	0
54,162	54,879	53 766
8,787	8,190	6 724
800	793	0

	2018	2019
	thousand	thousand
	forints	forints
Revenue	457,994	369,165
Sales of thermal energy	200,258	142,077
Leasing	243,121	222,954
MAHART project	-	-
Revenues from other activities	14,615	4,134
Personal payments	70,122	75,519

2020	2021	2022
thousand	thousand	thousand
forints	forints	forints
713,394	379,522	403 445
129,224	225,857	315 044
208,522		69 050
	132,563
367,518	9,036	13 189
8,130		6 162
	12,066
96,015	109,133	99 025

Wage payments / Sales revenues Corrected % - without MAHART Headcount of personnel on average

2018

12,7%

11

2019

17,0%

11

2020

11,4%

23,6%

11

2021

24,7%

25,3%

12

2022

22%

22,7%

13

Revenues from affiliated companies

Name

Csaba Soós

Ferenc Virág

dr. Piroska Paksi

Position		Name of affiliated company
managing	director	Síaréna Korlátolt Felelősségű Társaság
(mandate)
Strategic	director	Síaréna Korlátolt Felelősségű Társaság
(employment)
managing	director	Síaréna Korlátolt Felelősségű Társaság

Remuneration gross total

18 000 000

4 800 000

4 275 000

Tendli Krisztina

(employment)

managing

director Síaréna Korlátolt Felelősségű Társaság

(employment)

4 550 000

Shares, share options:

The Company did not provide or offer shares or share options to persons under the effect of this report in the reference period.

(Based on a previous agreement not involving the reference period, Csaba Soós is entitled to purchase 630,000 pieces of ENEFI ordinary shares under an option.)

Changing remuneration:

The Company did not apply to change remuneration in the reference year. Thus, they did not decide on using the option to reclaim such changing remuneration either potentially.

Deviation from remuneration policy:

The company's remuneration report for the previous business year was previously accepted by the general meeting, and it is currently available at the company's publication sites.

Remuneration report for the previous financial year:

This year, Company has not been able to take into account the opinion voting of the general meeting on the remuneration report for the previous financial year, considering that the first presented remuneration report was in 2022 based on legal regulations.

Auditor's revision:

The Company had sent the remuneration report before the presentation thereof to its auditor to fulfil its revision obligation set out in legal regulation.

The statement of the Company's auditor on the remuneration report is contained in the auditor's statement on this matter.

Acceptance and disclosure of the remuneration report

The Company's Board of Directors shall present the remuneration report to the annual general meeting for an opinion voting and disclose it on its website according to the relevant legal regulations.

Budapest, 06.04.2023.

László Bálint	Csaba Soós	Ferenc Virág

Board of Directors

ENEFI Asset Management Plc