BIC - 2019 Universal Registration Document

CORPORATE GOVERNANCE

Corporate Officers’ compensation

4.2.2

COMPENSATION AND BENEFITS

Rules governing the granting of the annual variable compensation (bonus) for 2019 4.2.2.1 The Board of Directors set the annual fixed compensation of executives in respect of 2019 and the target annual variable part of their compensation for 2019:

Annual fixed compensation in 2019 (in U.S. dollars) *

Target annual variable compensation in 2019 (corresponds to 100% achievement of the objectives)

Corporate Officer

Pierre Vareille Chairman

300,000 euros

N/A

Gonzalve Bich Chief Executive Officer James DiPietro Executive Vice-President Marie-Aimée Bich-Dufour Executive Vice-President until March 31, 2019

735,008 U.S. dollars (656,492 euros)

125% of the fixed part

572,853 U.S. dollars (511,658 euros)

75% of the fixed part

Total paid in 2019: 50,000 euros

N/A

Amounts in U.S. dollars were converted into euros using the average exchange rate for 2019 (1 EUR = 1.1196 USD), see Note 3 in the consolidated financial statements. *

a)

The bonus paid to the Chief Executive Officer, Gonzalve b) Bich, and to the Executive Vice-President, James DiPietro, was calculated on the basis of five collective criteria and individual objectives proposed by the Remuneration Committee.

Pierre

Vareille

received

fixed

compensation

of

300,000 euros for 2019 as Chairman.

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• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •