Remuneration of the Management Board - Zurich Airport Ltd.

2. Remuneration of the Management Board

a) for the reporting period (2024):

(in CHF)	Salary	Variable remuneration (cash) 1)	Variable remuneration (shares) 1)	Pension and social insurance contributions 2)	Miscellaneous 3)	Total CHF	Number of shares 4)	Share price (CHF) 4)
Recipient
Lukas Brosi (CEO)	420,000	280,083	139,917	239,348	45,344	1,124,692	643	217.6
Other members of the Management Board	2,010,400	671,184	334,016	825,358	136,755	3,977,713	1,535	217.6
Total	2,430,400	951,267	473,933	1,064,706	182,099	5,102,405	2,178

Total amount approved by the Annual General Meeting						6,500,000

1) The allocation is rounded down to a whole number of shares and any remainder is added to the cash component. This may result in a slight change in the apportionment of the variable remuneration between cash and equity components, but the total amount remains unchanged.

2) Social insurance contributions excl. pension fund calculated on a blanket basis.

3) Miscellaneous includes representation expenses and the company car, in individual cases it can also include other items such as a long-service gift.

4) The number of shares stated above is based on the share price at year-end. The definitive number of shares is calculated on the basis of the share price at the payment date.

Remuneration of members of the Management Board was effected as shown in the above table. The salaries of the other members of the Management Board were increased by 2.1% over the previous year in the reporting period in line with inflation and harmonised for the various functions. The salary of the CEO newly appointed in 2023 was aligned to the defined CEO salary, the salary of the CFO joining the company in 2023 for the first time was increased to match the defined CFO salary in the course of the year.

In the reporting year, the total variable compensation (cash and share component) for the individual members of the Management Board amounted to 100% of their fixed salary. The Board of Directors made use of the discretionary powers provided for in the regulations. In view of the Management Board’s proven very good performance, target achievement was set at 100%. In the previous year, this figure was close to the upper limit of 150% due to the high level of target achievement.

The variable remuneration (cash and share components) is accrued for the reporting period and paid out in the spring of the following year. Shares awarded as a component of variable remuneration are blocked for a period of four years (see also Financial report, Consolidated financial statements according to IFRS, Notes to the consolidated financial statements, note 3, Personnel expenses). No long-term remuneration or joining bonus or severance payments were made in 2024.

b) for the prior year (2023):

(in CHF)	Salary	Variable remuneration (cash) 1)	Variable remuneration (shares) 1)	Pension and social insurance contributions 2)	Miscellaneous 3)	Total CHF	Number of shares 4)	Share price (CHF) 4)
Recipient
Lukas Brosi (CEO since May 2023, previously CFO)	365,004	305,328	152,246	199,966	26,044	1,048,588	867	175.60
Other members of the Management Board	1,901,199	978,759	418,279	827,737	132,238	4,258,212	2,382	175.60
Total	2,266,203	1,284,087	570,525	1,027,703	158,282	5,306,800	3,249

Total amount approved by the Annual General Meeting						6,000,000

2) Social insurance contributions excl. pension fund calculated on a blanket basis.

3) Miscellaneous includes representation expenses and the company car, in individual cases it can also include other items such as a long-service gift.

4) The number of shares stated above is based on the share price at year-end. The definitive number of shares is calculated on the basis of the share price at the payment date.