BIC - 2019 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

NOTE 28

CONSOLIDATED SUBSIDIARIES

All entities that are more than 50% owned are consolidated. The main operating companies at December 31, 2019, are as follows:

Percentage ownership interest

Place of incorporation (or registration) and operation

(direct or indirect)

Name of subsidiary

Main shareholders

Principal activity

Fully consolidated subsidiaries FRANCE BIC Assemblage SARL

Clichy

SOCIÉTÉ BIC SA 100.0%

Delivery of services

BIC Services SASU

Clichy

SOCIÉTÉ BIC SA 100.0%

Delivery of services

BIMA 83 SASU

Clichy/Cernay

SOCIÉTÉ BIC SA 100.0% Manufacturing of consumer products

Société du Briquet Jetable 75 SASU

Clichy/Redon

SOCIÉTÉ BIC SA 100.0% Manufacturing of consumer products

DAPE 74 Distribution SASU

Clichy

SOCIÉTÉ BIC SA 100.0%

Distribution of consumer products

Électro-Centre SASU (dormant company)

Clichy

SOCIÉTÉ BIC SA 100.0% Manufacturing of consumer products

BIC Technologies SA

Clichy

SOCIÉTÉ BIC SA

99.9%

Industrial equipments production

BIC Rasoirs SASU

Verberie

SOCIÉTÉ BIC SA 100.0% Manufacturing of consumer products

BIC Sport SASU (disposed of December 31, 2018)

Vannes

SOCIÉTÉ BIC SA 100.0%

Manufacturing and distribution of consumer products

BIC Conté SASU

Samer

SOCIÉTÉ BIC SA 100.0% Manufacturing of consumer products

BIC Graphic France SASU

Clichy

SOCIÉTÉ BIC SA 100.0%

Distribution of consumer products

BIC Écriture 2000 SASU

Clichy/Montévrain

SOCIÉTÉ BIC SA 100.0% Manufacturing of consumer products

BIC Éducation SASU

Clichy

SOCIÉTÉ BIC SA 100.0% Manufacturing and distribution of IT solutions

Société Immobilière Valiton Gesnouin SASU

Clichy

SOCIÉTÉ BIC SA 100.0%

Real estate

Société Immobilière BIC Clichy SASU

Clichy

SOCIÉTÉ BIC SA 100.0%

Real estate

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

Clichy/Montévrain

SOCIÉTÉ BIC SA 100.0% Manufacturing of consumer products

BIC International Development SASU

Clichy

SOCIÉTÉ BIC SA 100.0%

Delivery of services

EUROPE BIC Deutschland GmbH & Co. OHG

Germany BIC Erzeugnisse GmbH BIC Verwaltungs GmbH

100.0%

Distribution of consumer products

BIC Erzeugnisse GmbH

Germany

SOCIÉTÉ BIC SA 100.0%

Holding company

BIC Verwaltungs GmbH

Germany

SOCIÉTÉ BIC SA 100.0%

Holding company

BIC GmbH

Germany

SOCIÉTÉ BIC SA 100.0%

Holding company

Mondialoffice Verwaltungs-und Vertriebsgesellschaft mit beschränkter Haftung BIC (Austria) Vertriebsgesellschaft mbH

Germany

BIC Deutschland GmbH & Co.

100.0%

Holding company

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 SA

Spain

SOCIÉTÉ BIC SA 100.0%

Manufacturing and distribution of consumer products Manufacturing and distribution of consumer products

BIC Graphic Europe SA

Spain

BIC Iberia SA 100.0%

Norwood Promotional Products Europe SLU

Spain BIC Graphic Europe SA 100.0%

Distribution of consumer products

237

• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •