Diversity Policy_EN

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Delegation matrix

In 2022, WDP started implementing a delegation matrix that defines the unique powers of decision and representation for the Company. Partly due to the Company's strong growth and further internationalisation, an appropriate governance framework for decision-making is one of the building blocks needed to achieve greater ownership and responsibility. This puts the company in a better position to assess and manage risks, make decisions and act more decisively and flexibly. The Board of Directors also supports management's quest for greater ownership and responsibility in decision-making in the Company. Of course, the necessary safeguards are in place when using the Delegation matrix, including consistent use of the 4 Eyes Principle, an assessment as a part of an internal audit and as a part of risk management policies.

As a basic principle, each member of the Management Committee is individually responsible for certain aspects of the day-to-day management of the Company and its business:

1 to this end, the Board of Directors delegates special powers of decision and representation to the two CEOs;

1 the allocation of individual and special powers of decision and representation to the other members of the Management Committee via a sub delegated by the two CEOs.

The delegation matrix is described in detail in WDP's Corporate Governance Charter.

Diversity policy

Diversity in all of its facets (cultural, gender, language, professional experience, etc.), equal opportunity and respect for human capital and human rights are intrinsic to the WDP company culture. The company firmly believes that these values contribute towards balanced interaction, enrichment of vision and thinking, innovation and an optimal working environment.

Diversity within the Board of Directors and Management Committee

WDP has set some diversity guidelines for members of the Board of Directors and the Management Committee. These guidelines are reflected in the internal rules of the Board of Directors and the Nomination Committee, describing the procedure for nomination and evaluation of directors and members of the Management Committee. The selection process for members of the Board of Directors and Management Committee strives to ensure complementary skills, knowledge, expertise, and diversity in terms of education, knowledge, gender, age, experience, nationality, etc.

This results in a Board of Directors that is highly balanced in its skills, knowledge and experience. The membership of the Board of Directors (two women and four men) also meets the legal provisions on gender diversity (Article 7:86 CCA). The members of the Management Committee also represent a balanced team, each with his own required expertise (see below for their curriculum vitae), albeit with regard to gender. However, it must be taken into account that the Management Committee is assisted by a dedicated team of managers within corporate Shared Services.

Diversity within TeamWDP

WDP relies on a fairly small team with a flat structure, so it is more appropriate to consider diversity across the entire group. At the Team WDP level, there is a nice diversity in terms of gender, nationality, age, seniority and educational background.

CORPORATE
GOVERNANCE STATEMENT
Annual accounts Governance Results Performance Strategy and value creation This is WDP ESG WDP 2022 Annual Report 122

CORPORATE GOVERNANCE STATEMENT

#6

#Team WDP

#109

Management Committee Heads of 50+ years 100% <30 years 0% 30-39 years 0% 40-49 years 29% 50+ years 71% <30 years 0% 30-39 years 46% 40-49 years 39% 50+ years 15% <30 years 4% 30-39 years 37% 40-49 years 41% 50+ years 18% 0-4 years 17% 5-8 years 50% 9-12 years 0% +12 years 33% <5 years 0% 5-10 years 43% 10-15 years 14% 15-20 years 14% >20 years 29% University or high school 90% Secondary school education 10% Belgium 100% Belgium 86% The Netherlands 14% Belgium 100% Belgium 53% Romania 26% The Netherlands 17% Germany 2% Belarus <1% Ukraine <1% Austria <1% Gender Gender Gender Gender Educational background Age Women in STEM function Age Age Age Board tenure Seniority Seniority Nationality Nationality Nationality men 67% women 33% men 100% women 0% men 46% women 54% men 57% women 43% assisted by a dedicated team of Inhouse Group Shared Services out of 109 employees Capacity Co-CEO Co-CEO CFO CTO Countrymanager NL-DE Countrymanager BE-LUX-FR Countrymanager RO Shared services Project management Marketing HR Corporate legal Investor relations IT Corporate finance Controlling Accounting Energy & Sustainability Project development Property management <5 years 61% 5-10 years 23% 10-15 years 8% 15-20 years 8% >20 years 0% 20%
#7 #13
Board of Directors
Nationality Seniority Expertise Corporate Governance 100% (Corporate) Finance 83% Risk 67% Real Estate 50% Innovation 50% International Experience 33% REIT 33% ESG/Sustainability 33% Logisitics 33% Sales & marketing 17% <5 years 57% 5-10 years 26% 10-15 years 14% 15-20 years 3% >20 years <1% Annual accounts Governance Results Performance Strategy and value creation This is WDP ESG WDP 2022 Annual Report 123

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