BIC - 2018 Registration document

BOARD OF DIRECTORS' REPORT AND DRAFT RESOLUTIONS OF THE SHAREHOLDERS' MEETING OF MAY 22, 2019

Ordinary Shareholder's Meeting

Compensation elements and benefits of any type paid or granted for 2018

Amounts or accounting valuation submitted for approval (a)

Presentation

Valuation of any benefits-in-kind

73,273 USD (62,044 EUR)

Car allowance: 15,150 USD (12,828 EUR) Company contributions to Company U.S. savings plan: 401K: 8,250 USD (6,986 EUR); • Executive Compensation Plan: 20,000 USD • (16,935 EUR). Other: 29,873 USD (25,295 EUR)

Sign-on bonus

N/A

Absence

Termination payment

N/A

Absence

Non-competition benefits

N/A

Absence

Supplementary pension plan

No payment is due in respect of the fiscal year ended

Gonzalve Bich participates in the BIC CORPORATION Restoration Plan, a supplementary pension plan in the U.S.A., which has existed since 2006 and which benefits selected Company executives whose compensation taken into account in the U.S. Qualified Pension Plan is restricted by regulations. The plan benefit is subject to having been a • participant in the plan for at least five years. Method for determining the pensionable • compensation: The pensionable compensation is the average • remuneration which is based on the highest three consecutive years within the last 10 years. Rate of acquisition of rights: • This plan provides for a single life annuity, • payable at normal retirement age (65) equal to 1.1% of the Social Security ceiling plus 1.5% of average pay in excess of the Social Security ceiling, multiplied by the number of years of service, which may not exceed 35 years, plus 1.4% of average pay per year of service in excess of 35 years. The plan includes the pension granted by the U.S. Qualified Pension Plan. Full vesting in the Restoration Plan occurs at age 52 with fifteen or more years of service or at age 60 with five years of participation in the plan. Full vesting in the U.S. Qualified Plan occurs at 5 years of service; In addition, the Plan provides early retirement • benefits for beneficiaries prior to age 65 (or age 62 if they retire at or after age 55 with 10 or more years of service), The commitments arising from this plan are • provisioned in BIC CORPORATION’s financial statements in accordance with IAS 19. Maximum payments: • Not applicable. • Method of funding: • The Restoration Plan is unfunded. The U.S. • Qualified Pension Plan is funded through a trust. Other expenses paid by the Company: • BIC pays the cost of administration, accounting • valuations under IAS 19 and funding valuations for the U.S. Qualified Pension Plan.

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• BIC GROUP - 2018 REGISTRATION DOCUMENT •