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 2023

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	2023.01.01 - 2023.03.19.

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)	9 148 941 Ft
Csaba Soós	Chief Executive Officer (employment)	15 000 000 Ft
Ferenc Virág	Member of the Board of Directors (mandate)	9 148 941 Ft
László Bálint	Member of the Board of Directors (mandate)	9 148 941 Ft
Tendli Krisztina	Igazgatósági tag (megbízás)	2 072 818 Ft
Imre Kerekes	Member of the Supervisory Board and the Audit Committee	2 040 000 Ft
	(mandate)
Dr. Gyula Bakacsi	Member of the Supervisory Board and the Audit Committee	2 040 000 Ft
	(mandate)
Dr. Miklós László Siska	Member of the Supervisory Board and the Audit Committee	2 040 000 Ft
	(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

2019 thousand forints

16,699

2,983

232

45,969

8,918

718

2020 thousand forints

27,458

4,411

397

54,162

8,787

800

2021 thousand forints

38,728

5,976

567

54,879

8,190

793

2022 thousand forints

34 924

3 563

0

53 766

6 724

0

2023

14 396

1 701

0

50 640

6 318

0

Revenue

Sales of thermal energy

Leasing

MAHART project

Revenues from other activities

Personal payments

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

2019		2020		2021		2022		2023
thousand	thousand	thousand	thousand
forints	forints	forints	forints
369,165		713,394		379,522		403 445		122 634
142,077		129,224		225,857		315 044		76 018
222,954		208,522				69 050		43 236
				132,563
-		367,518		9,036		13 189		0
4,134		8,130				6 162		3 380
				12,066
75,519		96,015		109,133		99 025		73 054
2019		2020		2021		2022		2023
17,0%		11,4%		24,7%		22%		52,94%
		23,6%		25,3%		22,7%		52,94%
11		11		12		11

Revenues from affiliated companies

Name

Csaba Soós

Ferenc Virág

Bálint László

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
(mandate)

Remuneration gross total

18 000 000 Ft

4 800 000 Ft

0 Ft

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.)

(After the reporting period Csaba Soós acquired options for 730,000 ENEFI ordinary shares and Ferenc Virág acquired options for 250,000 ENEFI ordinary shares.)

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, 08.04.2024.

László Bálint

Csaba Soós	Ferenc Virág
Board of Directors
ENEFI Asset Management Plc