BIC - 2018 Registration document

CORPORATE GOVERNANCE

Corporate Officers’ compensation

AMOUNT AND STRUCTURE OF THE TARGET VARIABLE COMPENSATION OF MARIE-AIMÉE BICH-DUFOUR IN 2018

20% GroupNetsales

30% Personalobjectives

69% Fixed Income

31% Target Bonus

20% Group Income fromoperations

10% GroupReceivables

10% Group Inventories

10% GroupNet income

BONUS – MARIE-AIMÉE BICH-DUFOUR

Index of achievement of 2018 objectives

Actual 2018 bonus paid. as a % of base salary

Criteria

Weight of criteria

2018 Bonus as a % of base salary

Minimum Target (index 100)

Maximum

Group Net sales

20%

3.60%

9.00%

13.50%

98.8

9.73%

Group Income from operations

20% 10% 10% 10%

3.60% 1.80% 1.80% 1.80%

9.00% 4.50% 4.50% 4.50%

13.50%

107.7

9.54% 3.92% 4.50% 4.50%

Group Net income

6.75% 6.75% 6.75%

95.4 99.8 99.7

Group Inventory

Group Receivables

Personal objectives and overall assessment Succession Plan • Transfer knowledge • BIC Projects for • education TOTAL

30%

5.40%

13.50%

20.25%

100.0

13.50%

100%

18.00%

45.00%

67.50%

44.69%

The individual part represents 30% of the target bonus and represents a maximum of 20.25% of the fixed compensation. For 2018, the individual part represents 30% of the bonus due. The Board of Directors has decided to pay Marie-Aimée Bich-Dufour a bonus in respect of 2018 amounting to 89,380 euros, representing 44.69% of fixed compensation and 99.3% of the target bonus.

the fiscal year 2017, those amounts paid to the four Corporate Officers are equal to 1,403,621 euros in respect of fixed compensation (base) and 776,483 euros in respect of variable compensation (bonus). The total amount of compensation awarded to the members of the Leadership Team (including the Chief Executive Officer and the two Executive Vice-Presidents) for the fiscal year 2018, is equal to 4,433,141 euros in respect of fixed compensation (base) and 2,366,239 euros in respect of variable compensation (bonus). For the fiscal year 2017, the team was made up of 16 members and those amounts were 4,578,385 euros in respect of fixed compensation (base) and 2,279,980 euros as variable compensation (bonus).

Total compensation 4.2.2.2.

The total amount of fixed and variable compensation awarded to the five Corporate Officers for the fiscal year 2018 is equal to 1,472,083 euros in respect of fixed compensation (base) and 1,004,723 euros in respect of variable compensation (bonus). For

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• BIC GROUP - 2018 REGISTRATION DOCUMENT •