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

Presentation The pensionable compensation is the average • remuneration of the last three years of service; To determine the pensionable compensation, • only gross annual base and annual bonus are included, all other direct or indirect payments are excluded. Rate of pension rights acquisition: • The supplementary pension is equal to 1.25% of • the average compensation per year of membership of the plan, with a maximum of 25% (i.e. 20 years); On May 18, 2016, Société BIC’s Board of • Directors decided to freeze the acquisition rights of Marie-Aimée Bich-Dufour in this plan during her new mandate; The commitments arising from this plan are • provisioned by SOCIÉTÉ BIC in accordance with IAS 19. Maximum Payments: • The consolidation of all pension rights • (mandatory and supplementary) cannot exceed 50% of the last annual compensation. This ceiling is verified at the date of retirement. Method of funding: • The employer funds the entirety of the rights • through contributions to an insurance contract. Other expenses paid by the Company: • The employer pays the Fillon tax, which is 24% • of the contributions to the insurance contract. On December 31, 2018, the supplementary pension which has been determined based on seniority in the Plan and on her compensation as of May 18, 2016, amounts to 107,318 EUR (for information purposes). The regulated agreements procedure was followed for this pension plan. Board of Directors’ Meeting decision date: May 19, 2005. Shareholders’ Meeting decision date: May 24, 2006 (Resolution 5).

Draft resolution 10 Approval of the compensation elements and benefits of any type paid or granted for 2018 to Bruno BICH, Chairman of the Board of Directors and Chief Executive Officer until May 16, 2018 The Shareholders’ Meeting, deliberating under the conditions of quorum and majority required for Ordinary Shareholders’ Meetings, approves the compensation elements and benefits of any type paid or granted in respect of fiscal year 2018 to Bruno BICH, Chairman of the Board of Directors and Chief Executive Officer until May 16, 2018, as described in the Board of Directors’ Report and in the 2018 registration document (see section 4.2. Corporate Officers’ Compensation ).

Draft resolution 11 Approval of the compensation elements and benefits of any type paid or granted for 2018 to Pierre VAREILLE, Chairman of the Board of Directors from May 16, 2018 The Shareholders’ Meeting, deliberating under the conditions of quorum and majority required for Ordinary Shareholders’ Meetings, approves the compensation elements and benefits of any type paid or granted in respect of fiscal year 2018 to Pierre VAREILLE, Chairman of the Board of Directors from May 16, 2018, as described in the Board of Directors’ Report and in the 2018 registration document (see section 4.2. Corporate Officers’ Compensation ).

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• BIC GROUP - 2018 REGISTRATION DOCUMENT •