BIC - 2019 Universal Registration Document

BOARD OF DIRECTORS’ REPORT AND DRAFT RESOLUTIONS OF THE SHAREHOLDERS’ MEETING OF MAY 20, 2020

Ordinary Shareholders’ Meeting

DRAFT RESOLUTION 8 Ratification of the co-optation of Timothée Bich as a Director to succeed a Director who has resigned

Board of Directors’ Report: It is proposed to the Shareholders that you ratify the co-optation of Timothée BICH as a Director to succeed to François BICH, who has resigned. Timothée Bich’s term of mandate is that of François Bich’s term. Timothée Bich’s mandate will therefore expire at the end of this General Meeting called to approve the financial statements for the 2019 fiscal year.

Timothée BICH will provide to the Board his expertise in finance.

TIMOTHEE BICH

| Director

Basis of the appointment

Article L. 225-24 of the French Commercial Code

Independent Director No

Date of 1 st  appointment Board of Directors of December 10, 2019

Expiration date Annual Shareholders’ Meeting in 2020, for fiscal year 2019

34 years old

Member of a committee No

Nationality: French

Professional address SOCIÉTÉ BIC - 14 rue Jeanne d’Asnières -92110 Clichy – France

Number of BIC shares held: Holds directly more than 100,000 BIC shares and indirectly shares through the family holding, SOCIÉTÉ M.B.D. On December 31, 2019, SOCIÉTÉ M.B.D. held 12,840,000 shares, i.e. 28.20% of SOCIÉTÉ BIC share capital and 38.11% of the voting rights.

Main position Portfolio manager

Other current mandates or functions None

Expired mandates or functions in the previous five years (non-BIC Group companies) None

Biography Timothée Bich was a potfolio manager at Stone Milliner Asset Management LLP until December 2019. He joined Stone Milliner as an execution trader from its launch in 2012 and was appointed Head of Execution in 2016. Before joining Stone Milliner, he worked as an analyst at Moore Europe Capital Management, supporting credit and macro portfolio managers (2010-2011). Timothée Bich holds a Master of Science in Risk and Asset Management from EDHEC and a degree in Finance from University Paris Dauphine.

Draft resolution 8 Ratification of the co-optation of Timothée BICH as a Director to succeed a Director who has resigned The Shareholders’ Meeting decides to ratify the co-optation of Timothée BICH as a Director for the duration of the term of mandate of François Bich, who has resigned.

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• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •