EXMAR report 2025

3.4 GOVERNANCE 126 we are not able to disclose main topics or positions. By means of example: the RBSA closely collaborates with all relevant national and international parties and defends the interests of Belgian shipowners regarding, for instance, measures to decarbonize maritime transport. Thereby, the association offers operational support and clarification concerning fiscal, social, environmental and maritime legislation. Note that the RBSA is registered in the EU Transparency Register (REG Nr.: 085057391751-17) – a database listing interest representatives who carry out activities to influence the EU policy and decision- making processes –, but EXMAR itself is not. As in 2024, EXMAR has in 2025 not provided any financial support, in-kind donations or any form of direct or indirect contributions to political parties, candidates or related organizations. Hence, the monetary value of such contributions is 0. 3.4.4 Business conduct action plan Above, the principles and guidelines that govern EXMAR’s behavior in a business context have been described. This emphasizes the importance of integrity, ethical standards and acting in a fair and trustworthy manner. In what comes next, we outline the actions that were defined related to the material IROs for business conduct. Note that all actions are defined in the short term, as they are continuously being implemented. 1. The influence of new international and/or local regulations : We respect high standards and strive towards full regulatory compliance. We aim to successfully complete all audits and certification processes applicable to our business and invest in digitalization to reach regulatory compliance when needed. On the other hand, we actively shape industry regulations by engaging with key industry organizations, such as the RBSA and Intertanko. This way, we are, for example, able to provide feedback on draft regulations that impact our sector and operations. 2. The prevention and detection of corruption : EXMAR strives towards zero bribery incidents. We try to achieve this through clear company guidelines on anti-bribery procedures as well as providing tools to seafarers to fight bribery, partially coming from MACN. The table below depicts the costs connected to the above, including costs of our memberships of economic/sector groups (‘lobbying’ in the broadest sense of the word) and network activities made by EXMAR entities throughout the year, as well as costs related to the implementation of new software tools to facilitate data gathering and standardize our reporting process (e.g. PowerApp & Tagetik CCH). These investments were initially made in 2024 and have continued throughout 2025. Please note that the table only demonstrates financial resources that have already been made available, excluding future financial resources. IRO ACTION COST VALUE COMMENTS REF. FINANCIAL STATEMENT Influence of new international and/or local regulations ‘Lobbying’ & network activities OPEX 170,389 Note 8 – G&A expenses Digitalization for new regulations OPEX 75,237 Note 8 – G&A expenses Prevention and detection of corruption Compliance training OPEX - MACN training cost incl. in subscription + office training incl. in HQ training cost in social actions Note 8 – G&A expenses Note 9 – Personnel expenses To measure the effectiveness of our actions and reinforce our commitment to ethical business practice, we follow up on two metrics: regulatory violations and bribery incidents. It is our ambition to reach zero violations and incidents: targets reflecting our dedication to transparency and regulatory excellence in all aspects of our operations. In 2024, we have focused on processes, responsibilities, policies and data collection of our material IROs. Throughout 2025, this was developed and optimized further as certain gaps still needed to be closed. Data analysis and consistent monitoring processes are elements we will look at as of 2026, as a joined effort between ExCo, the ESG taskforce, the Key Risk Officers and the Audit and Risk Committee.