BIC - 2019 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

Percentage ownership interest

Place of incorporation (or registration) and operation

(direct or indirect)

Name of subsidiary

Main shareholders

Principal activity

BICMalawi Pty. Ltd.

Malawi

BIC Holdings Southern Africa (Pty.) Ltd.

100.0%

Distribution of consumer products

BICMozambique Ltd.

Mozambique BIC Holdings Southern Africa (Pty.) Ltd.

100.0%

Distribution of consumer products

Lucky Stationary NIG Ltd

Nigeria

SOCIÉTÉ BIC SA BIC Assemblage SARL SOCIÉTÉ BIC SA BIC Assemblage SARL

100.0%

Distribution of consumer products

BIC Bizerte

Tunisia

100.0% Manufacturing of consumer products

BIC Zambia Ltd.

Zambia BIC Holdings Southern Africa (Pty.) Ltd.

99.0%

Distribution of consumer products

BICMaroc SARL

Morocco

SOCIÉTÉ BIC SA 100.0%

Distribution of consumer products

BIC EAST AFRICA Limited (Consolidated on July 31, 2018)

Kenya

SOCIÉTÉ BIC SA 100.0%

Distribution of consumer products

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• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •