Information Deputy Chief Executive Officers Compensation Financial Year Ended 12312021

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Information relating to the Deputy Chief Executive Officer's compensation for the financial year ended December 31, 2021 (for the period from May 26, 2021 to December 31, 2021) as determined by the Board of Directors on February 24, 2022
Further to the recommendation of the Compensation Committee, the Board of Directors, at its meeting held on February 24, 2022, determined Christophe Périllat's variable compensation for his duties as
Deputy Chief Executive Officer for the financial year ended December 31, 2021 (for the period from
May 26, 2021 to December 31, 2021).
It is noted that the (gross) fixed compensation paid by Valeo to Christophe Périllat for the 2021 financial year (for the period from May 26, 2021 to December 31, 2021) amounts to EUR 434,425, on the basis of his annual fixed compensation of EUR 725,000.
I.

Christophe Périllat's variable compensation for the financial year ended December 31, 2021
(for the period from May 26, 2021 to December 31, 2021)

Further to the recommendation of the Compensation Committee, the Board of Directors, at its meeting held on February 24, 2022, assessed the degree of achievement of the quantifiable and qualitative criteria of Christophe Périllat's annual variable compensation in respect of the 2021 financial year (for the period from May 26, 2021 to December 31, 2021). The components of the Deputy Chief Executive
Officer's compensation were set by the Board of Directors on March 24, 2021 acting on the recommendation of the Compensation Committee, and approved by 96.13% by the Shareholders'
Meeting of May 26, 2021 as part of the vote on the 2021 compensation policy (thirteenth resolution)
(the 2021 Deputy Chief Executive Officer Compensation Policy ).
Qualitative criteria
In order to assess the degree of achievement of each of the qualitative criteria set for 2021, which are described in the table below, the Board of Directors, held on February 24, 2022 on the recommendation of the Compensation Committee, carried out a detailed analysis of the degree of achievement for each of the criteria. The following elements are particularly representative of the year 2021:
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Control of the Covid-19 crisis with, from a health point of view, the continued application of the reinforced protocol and the changes made in 2021 which enabled to continue to protect the health of employees at all Group sites;

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Control of the semiconductor and raw materials crisis with, from an operational standpoint, the implementation of an efficient organization dedicated to crisis management, whose effectiveness has been praised by the Group's customers, which has ensured the continuity of their production (no production shutdowns);

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Preparation for the acquisition of Siemens' 50% stake in the joint venture Valeo Siemens eAutomotive (VSeA). This acquisition, announced on February 9, 2022, strengthens the
Group's leadership position in the high-growth electrification market;

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