377 Life Is On | Schneider Electric www.se.com Financial Statements 5. Chapter 5 – Consolidated financial statements at December 31, 2021 Year 2021 The table below summarizes the main characteristics of the 2021 plan, the amounts subscribed, the valuation assumptions and the plan’s cost: (in millions of euros) Full Year 2021 % Value Plan characteristics: Maturity (years) 5 Reference price (euros) 129.64 Subscription price (euros) 110 .19 Discount 15.0% Amount subscribed by employees 216.5 Total amount subscribed 216.5 Total number of shares subscribed (million of shares) 2 Valuation assumptions: Interest rate available to market participant (bullet loan) * 2.4 % – Five-year risk-free interest rate (euro zone) 0,0% – Annual interest rate (repo) 1.0% – Value of discount (a) 15.0% 38.2 Value of the lock-up period for market participant (b) 26.4% 44.6 TOTAL EXPENSE FOR THE GROUP (a) - (b) – Sensitivity: decrease in interest rate for market participant** (0.5)% 6.9 * Average interest rate charged on an ordinary, non-revolving personal loan, with a five-year maturity to an individual with an average credit rating. ** A decline in the interest rate for market participants reduces the lock-up cost and increases the expense booked by the issuer. In 2021, Schneider Electric gave its employees the opportunity to purchase shares at a price of EUR 110.19 per share, as part of its commitment to employee share ownership, on April 19, 2021. This represented a 15% discount to the reference price of EUR 129.64 calculated as the average opening price quoted for the share during the 20 days preceding the Management Board’s decision to launch the employee share issue. Altogether, 2.0 million shares were subscribed, increasing the Company’s capital by EUR 216 million as of July 6, 2021. Due to significant changes in valuation assumptions, specifically the interest rate available to market participant, the value of the lock-up cost is higher than the discount cost since 2012. Therefore, the Group did not recognize any cost related to the transaction. Year 2020 On April 20, 2020, the Management Board took the exceptional decision to cancel this year employee share issues as part of its strategy to deal with the impacts of the COVID-19 pandemic. 19.5 – Schneider Electric SE shares At December 31, 2021, the Group held 12,456,882 Schneider Electric shares in treasury stock, which have been recorded as a deduction from retained earnings. The Group has repurchased 1,809,054 shares for a total amount of EUR 262 million in 2021. 19.6 – Income tax recorded in equity Total income tax recorded in Equity amounts to EUR 130 million as of December 31, 2021 and can be analyzed as follows: (in millions of euros) Dec. 31, 2021 Dec. 31, 2020 Change in tax Cash-Flow hedges 23 30 (7) Available-for-sale financial assets (15) (6) (9) Actuarial gains/(losses) on defined benefits obligations 125 230 (105) Other (3) (3) – TOTAL 130 251 (121) 19.7 – Non-controlling interests The main contributor is AVEVA subgroup’s, for which 41% of the shares correspond to non-controlling interests for the Group. AVEVA, which remains a listed company, is publishing its financial statements on regular basis.