ENAV S p A : Report on Remuneration Policy and Remuneration Paid (Relazione sulla politica di Remunerazione 2026 ENG 0)

REPORT OF THE BOARD OF DIRECTORS ON THE REMUNERATION POLICY AND REMUNERATION PAID

Drawn up pursuant to Articles 123-ter of the CFA and 84-quarter of the Issuers' Regulation.

Approved by the Board of Directors of ENAV S.p.A. 30 March 2026.

Table of Contents

Market benchmarks 12

New in the 2026 Remuneration Policy 13

Shareholder engagement and analysis of the results of the Shareholders' Meeting vote 14

SECTION I

1. Remuneration Policy Governance 17

2. Remuneration Policy 23

3. Remuneration Policy of persons for whom disclosure is required 25

   The Chair 25

   The Chief Executive Officer 25

   Non-executive Directors 26

   Managers with Strategic Responsibilities 26

   Members of the Board of Statutory Auditors 27

4. Other benefits 27

5. Variable remuneration components 28

   1. SHORT-TERM INCENTIVES - STI 28

   2. LONG-TERM INCENTIVES - LTI 32

6. Severance arrangements in the event of termination of office

   or employment or non-renewal of employment relationship 36

7. Insurance policies and social security or pension schemes

   other than mandatory programmes and other non-monetary benefits 37

8. Circumstances, limitations and potential exceptions to the Remuneration Policy 38

SECTION II

PART 1

1. Board of Directors 39

   1. Chief Executive Officer 39

   2. Chair of the Board of Directors 39

   3. Other Members of the Board of Directors 43

   4. Members of the Board of Directors' Internal Committees 44

2. Managers with Strategic Responsibilities 44
3. Pay ratio 49
4. Board of Statutory Auditors 49
5. Other management figures 49
6. Treatment for termination of office or employment 51
7. Exceptions to the Remuneration Policy and possible application

PART 2

SECTION III

Letter from the Chair

of the Remuneration Committee

Dear Shareholders,

As Chair of the Remuneration Committee, I am pleased to present the ENAV Report on the 2026 Remuneration Policy and the 2025 Remuneration Paid. This document marks the end of the current Board term, which has worked over the past few years to refine remuneration policies so that they reflect the Company's strategic priorities - consistently focused on operational efficiency, sustainability and value creation - with the aim of guaranteeing an essential service for the country's air mobility.

Franca Brusco

Also for this year, the Remuneration Policy aims to stimulate achievement of the Group's strategic and tactical objectives, while continuing to represent a tool for attracting, motivating and retaining the highly qualified figures who enhance this sector and who are fundamental to ENAV long-term success.

For these reasons, the Company has focused in particular on the new 2026-2028 Long-Term Incentive Plan - which is discussed in detail in the first section of this Report - considering, in particular, the roles and levers that contribute to the achievement of ENAV medium/long-term results, and the methods for capturing and recognising the value created, both in terms of economic and financial performance and in terms of sustainability.

In general, the policy is essentially in line with that of the previous year, confirming the decision to defer a portion of the remuneration in the form of financial instruments, and consequently to make payment conditional on the achievement of additional performance targets that may affect the final value awarded. The reasoning behind the confirmation or revision of the remuneration structure took into account the benchmark analyses carried out, the feedback received from

Proxy Advisors, and the positive feedback from Shareholders and Institutional Investors, as well as the annual letter from the Chair of the Corporate Governance Committee. ENAV has therefore maintained the general logic of incentives and the identification of strategic objectives, focusing in particular, for 2026, on identifying objectives that can assess success in comparison with peers, thereby highlighting the unique position of ENAV in the Italian market. With an attentive and continuous analysis of the market, ENAV promotes its growth, keeping abreast of developments and the relevance of remuneration policies with respect to the Group's objectives.

I would like to take this opportunity to once again thank my colleagues on the Board, as well as the members of the Committee and the Board of Statutory Auditors, for their hard work, and I invite you to express a binding opinion on the first section, regarding the 2026 Remuneration Policy for the members of the Board of Directors, the Supervisory Body and the managers with strategic responsibilities, and an advisory vote on the second section, regarding the Remuneration Paid in relation to the year 2025.