BIC - 2018 Registration document

CORPORATE GOVERNANCE

Corporate Officers’ compensation

COMPENSATION AND BENEFITS 4.2.2. Rules governing the granting of the annual variable compensation (bonus) for 2018 4.2.2.1. The Board of Directors set the annual fixed compensation of executives in respect of 2018 and the target annual variable part of their compensation for 2018:

Target annual variable compensation in 2018 (corresponds to 100% achievement of the objectives)

Corporate Officer

Annual fixed compensation in 2018 (in U.S. dollars) *

Bruno Bich Chairman and Chief Executive Officer until May 16, 2018 Pierre Vareille Vice-President and Lead Director then Chairman from May 16, 2018 Gonzalve Bich Executive Vice-President then Chief Executive Officer from May 16, 2018 James DiPietro Executive Vice-President Marie-Aimée Bich-Dufour Executive Vice-President

204,000 euros (until May 16, 2018, date of his departure), or 76,500 euros on 2018

N/A

300,000 euros (from May 16, 2018, effective nomination as Chairman), or 187,500 euros on 2018

N/A

Total paid on 2018: 628,125 U.S. dollars (531,859 euros) Annual fixed compensation of 550,000 U.S. dollars until May 16, 2018 (465,707 euros) Annual fixed compensation of 675,000 U.S. dollars from May 16, 2018 (571,550 euros)

85% of the fixed part until May 2018 125% of the fixed part from June 2018

563,000 U.S. dollars (476,715 euros)

75% of the fixed part

200,000 euros

45% of the fixed part

Amounts in U.S. dollars were converted into euros using the average exchange rate for 2018 (1 EUR = 1.1810 USD), see Note 3 in the consolidated financial statements. *

Bruno Bich does not receive variable compensation for a) 2018. Pierre Vareille received Director fees, as Vice-President b) and Lead Director. A fixed compensation of 187,500 euros was granted for 2018 to Pierre Vareille as Chairman.

The bonus paid to the Chief Executive Officer, Gonzalve c) Bich, and to the Executive Vice-Presidents, James DiPietro and Marie-Aimée Bich-Dufour, was calculated on the basis of five collective criteria and individual objectives proposed by the Compensation Committee.

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• BIC GROUP - 2018 REGISTRATION DOCUMENT •