BIC - 2018 Registration document

FINANCIAL STATEMENTS

Consolidated financial statements

CONSOLIDATED SUBSIDIARIES NOTE 27

All entities that are more than 50% owned are consolidated. The main operating companies at December 31, 2018, are as follows:

Proportion of ownership interest (direct or indirect)

Place of incorporation (or registration) and operation Main shareholders

Name of subsidiary

Principal activity

Fully consolidated subsidiaries FRANCE BIC Assemblage SARL

Clichy Clichy

SOCIÉTÉ BIC SA 100.0% SOCIÉTÉ BIC SA 100.0%

Delivery of services Delivery of services

BIC Services SASU

BIMA 83 SASU

Clichy/Cernay

SOCIÉTÉ BIC SA 100.0% Manufacturing of consumer products SOCIÉTÉ BIC SA 100.0% Manufacturing of consumer products SOCIÉTÉ BIC SA 100.0% Distribution of consumer products SOCIÉTÉ BIC SA 100.0% Manufacturing of consumer products SOCIÉTÉ BIC SA 100.0% Manufacturing of consumer products SOCIÉTÉ BIC SA 100.0% Manufacturing and distribution of consumer products SOCIÉTÉ BIC SA 100.0% Manufacturing of consumer products SOCIÉTÉ BIC SA 100.0% Distribution of consumer products SOCIÉTÉ BIC SA 100.0% Manufacturing of consumer products SOCIÉTÉ BIC SA 100.0% Manufacturing and distribution of IT solutions SOCIÉTÉ BIC SA 99.9% Industrial equipments production

Société du Briquet Jetable 75 SASU

Clichy/Redon

DAPE 74 Distribution SASU

Clichy Clichy Clichy

Électro-Centre SASU BIC Technologies SA

BIC Rasoirs SASU

Verberie

BIC Sport SASU (sold on December 31, 2018)

Vannes

BIC Conté SASU

Samer

BIC Graphic France SASU

Clichy

BIC Écriture 2000 SASU

Clichy/Montévrain

BIC Éducation SASU

Clichy

Société Immobilière Valiton Gesnouin SASU

Clichy Clichy

SOCIÉTÉ BIC SA 100.0% SOCIÉTÉ BIC SA 100.0%

Real estate Real estate

Société Immobilière BIC Clichy SASU

Stypen SASU (merged into SOCIÉTÉ BIC on May 14, 2018 – retroactive tax effect as of January 1, 2018)

Clichy/Montévrain

SOCIÉTÉ BIC SA 100.0% Manufacturing of consumer products

BIC International Development SASU EUROPE BIC Deutschland GmbH & Co. OHG

Clichy

SOCIÉTÉ BIC SA 100.0%

Delivery of services

Germany BIC Erzeugnisse GmbH BIC Verwaltungs GmbH

100.0% Distribution of consumer products

BIC Erzeugnisse GmbH BIC Verwaltungs GmbH

Germany Germany Germany

SOCIÉTÉ BIC SA 100.0% SOCIÉTÉ BIC SA 100.0% SOCIÉTÉ BIC SA 100.0%

Holding company Holding company Holding company Holding company

BIC GmbH

Mondialoffice Verwaltungs-und Vertriebsgesellschaft mit beschränkter Haftung

Germany BIC Deutschland GmbH & Co.

100.0%

BIC (Austria) Vertriebsgesellschaft mbH

Austria

SOCIÉTÉ BIC SA 100.0% Distribution of consumer products

BIC Belgium SPRL

Belgium SOCIÉTÉ BIC SA 100.0% Distribution of consumer products

BIC Iberia SAU

Spain

SOCIÉTÉ BIC SA 100.0% Manufacturing and distribution of consumer products

BIC Graphic Europe SA

Spain

BIC Iberia SA SOCIÉTÉ BIC SA

100.0% Manufacturing and distribution of consumer products

Norwood Promotional Products Europe S.L.U

Spain BIC Graphic Europe SA 100.0% Distribution of consumer products

BIC Violex SA

Greece

SOCIÉTÉ BIC SA Furtuna holding Co. Ltd BIC CORPORATION

100.0% Manufacturing and distribution of consumer products

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• BIC GROUP - 2018 REGISTRATION DOCUMENT •