BIC - 2018 Registration document

CORPORATE GOVERNANCE

Corporate Officers’ compensation

AMOUNT AND STRUCTURE OF THE TARGET VARIABLE COMPENSATION OF JAMES DIPIETRO IN 2018

20% GroupNetsales

30% Personalobjectives

43% Target Bonus

57% Fixed Income

20% Group Income fromoperations

10% GroupReceivables

10% Group Inventories

10% GroupNet income

BONUS – JAMES DIPIETRO

Actual 2018 bonus paid as a % of base compensation

Index of achievement of 2018 objectives

Criteria

Weight of criteria

2019 Bonus as a % of fixed compensation

Minimum Target (index 100)

Maximum

Group Net sales

20%

6.00%

15.00%

22.50%

98.8

14.55%

Group Income from Operations

20% 10% 10% 10% 30%

6.00% 3.00% 3.00% 3.00% 9.00%

15.00%

22.50% 11.25% 11.25% 11.25% 33.75%

107.7

15.90%

Group Net Income

7.50% 7.50% 7.50%

95.4 99.8 99.7

6.53% 7.50% 7.50%

Group Inventory

Group Receivables

Personal Objectives

22.50%

100.0

22.50%

Succession Plan • Improve financial • analytical and ROI culture Project management • Finance functional • review TOTAL

100%

30.00%

75.00%

112.50%

74.48%

At the end of the year 2018, individual and collective achievements on each criteria were assessed. The individual part represents 30% of the target bonus and represents a maximum of 33.75% of fixed compensation. For 2018, the individual part represents 30% of the bonus due.

The Board has decided to pay James DiPietro a bonus amounting to 419,322 U.S. dollars representing 74.48% of fixed compensation and 99.3% of the target bonus.

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• BIC GROUP - 2018 REGISTRATION DOCUMENT •