Q1: I can’t log in to the Merrill Lynch website. Please refer to the introductory section of Video 2, which explains how to create an account and log in to the website. If the issue persists, please contact Merrill Lynch by phone at 1 609 818 8894 (see Video 2). Q2: I don’t understand my payslip, especially the difference between the top and the bottom of the payslip. Please refer to Video 3, which provides a detailed explanation of all transactions reflected on your payslips, particularly slides 8 to 17. Q3: How is this contribution rate calculated? The contribution rate is calculated by Disney based on your payslip. It corresponds to your social security contributions plus withholding tax (PAS – Prélèvement à la source) (see Video 3 – slide 17). Q4: Can I change this rate? No. The contribution rate applied is the one shown on your Disney payslip (see Video 3 – slide 17). Q5: Am I taxed in the United States since a contribution rate appears on my statement? No. The contribution rate shown is a French contribution rate. No tax is paid in the United States (see Video 3 – slide 17). Q6: I pay income tax on my RSU and LTI awards. Do I need to take any action? No specific action is required on your part (see Video 3 – slide 18). Q7: What is a W 8BEN form? Form W 8BEN is a U.S. tax form (IRS) used by non U.S. residents to certify their tax status and avoid excessive withholding on U.S. source income (15% instead of 30% in the case of Disney shares) (see Video 2 – slide 11). Q8: What do LTI and RSU mean? LTI (Long Term Incentive) refers to a long term variable compensation plan, generally granted to senior executives or key talents, designed to align beneficiaries’ interests with the company’s long term strategy and performance, retain employees over several years, and reward sustainable value creation. An RSU (Restricted Stock Unit) is a conditional right to receive company shares in the future, granted to an employee or executive as part of their compensation (see Video 1 – slide 4). Q9: Why does the amount shown in my LTI side letter differ from the amount shown on the Merrill Lynch website? The Merrill Lynch website reflects the value of your Disney portfolio at the date of consultation, based on the current Disney share price. The amount shown may therefore differ from the amount stated in your letter due to changes in the Disney share price (see Video 1 – slide 11). Q10: LTI frequency — what are the payment dates and when will I receive my LTI? The payment schedule is specified both in your side letter (see Video 1 – slide 9) and on the Merrill Lynch website (see Video 2 – slide 8). Q11: What is the purpose of the LTI side letter? The LTI side letter is the document that confirms the grant of Disney shares and outlines the terms and conditions, including the number of shares to be received and the vesting schedule. It must be initialed on each page, dated, signed, and returned to TWDC.LTI.Letter@disney.com (see Video 1 – slide 9). Q12: If I take a leave to start a business, will I lose my LTI? If the leave is full time, the employee no longer works for or is paid by the Disney Group and may therefore lose their LTI. If the leave is part time, the employee continues to work (and be paid), and in principle may continue to be eligible for LTI payments (see Video 1 – slide 13). Q13: If I transfer to another country, will I lose my LTI? There is no loss of LTI granted prior to an international transfer to another entity of The Walt Disney Company group. However, you should check whether new conditions are specified in your side letter (see Video 1 – slide 13). Q14: Which exchange rate should I use? The exchange rate to be used is the one published on the Banque de France website. For share sales, the exchange rate applicable to each event must be used (vesting date and sale date). For dividends, it is acceptable to use the annual average exchange rate.For 2025, the average exchange rate is 0.91 (1 USD = 0.91 EUR) (see **Video 4 – slide 15).

Q15: What does box 8PL correspond to for dividends in the 2047 tax return?
Box 8PL is used by the French tax authorities to ensure that the foreign tax credit granted is properly capped at the amount of the corresponding French tax. To this end, the amount of foreign income subject to tax, as determined on Form 2047, should be reported in box 8PL.

In the case of Disney dividends, it is appropriate to report in box 8PL the same amount as that calculated in box 2DC (i.e., the amount of your Disney dividends taxable in France).

Accordingly, as example, if you have determined an amount of €125 in box 2DC, the same amount should be reported in box 8PL.