BIC - 2020 Universal Registration Document

CORPORATE GOVERNANCE

Corporate Officers’ remuneration

Amounts for fiscal year 2020 (in U.S. dollars) (b)

Amounts for fiscal year 2019 (in U.S. dollars) (a)

JimDIPIETRO Executive Vice President (Jan 1 st to Jun 30, 2020)

Due

Paid

Due

Paid

Fixed compensation

USD

572,853

572,853

292,000

292,000

EUR

511,659 321,800

511,659 419,322

256,028 182,320

256,028 321,800

USD

Annual variable compensation

EUR

287,424

374,528

159,860

282,157

Multi-year variable compensation

-

-

-

-

Other compensation (c)

USD

67,731

67,731

13,384

13,384

EUR

60,496

60,496

11,735

11,735

Directors’ compensation

-

-

-

-

Fringe benefits

1) Car allowance:

1) Car allowance:

1) Car allowance:

1) Car allowance:

USD

13,800

13,800

6,900

6,900

EUR

12,326

12,326

6,050

6,050

2) Company contributions to company U.S. savings plan:

2) Company contributions to company U.S. savings plan:

a) 401K:

a) 401K:

a) 401K:

a) 401K:

USD

9,500

9,500

2,877

2,877

EUR

8,485

8,485

2,523

2,523

b) Exec Comp Plan:

b) Exec Comp Plan:

b) Exec Comp Plan:

b) Exec Comp Plan:

USD

22,914

22,914

11,680

11,680

EUR

20,466

20,466

10,241

10,241

3) Other:

3) Other:

3) Other:

3) Other:

USD

32,729

32,729

13,549

13,549

EUR

29,233

29,233

11,880

11,880

TOTAL

USD

1,041,327

1,138,849 1,017,193

522,710 458,316

662,190 580,613

EUR

930,088

Amounts in U.S. dollars were converted into euros using the average exchange rate for 2019 (1 EUR = 1.1196 USD). (a) Amounts in U.S. dollars were converted into euros using the average exchange rate for 2020 (1 EUR = 1.1405 USD). (b) Compensation equivalent to the dividends unpaid on the shares acquired and held by SOCIÉTÉ BIC until the end of the compulsory holding period. (c)

Pay equity Ratio The following table sets out the remuneration of the Chair, Chief Executive Officer and Executive Vice President and that of employees in France in accordance with the requirements of the PACTE law in France. The perimeter of team members is all those in BIC entities in France

share awards at the IFRS value; ● profit sharing; ● benefits in kind, i.e. cars; ● dividend equivalents; ●

As per the PACTE bill, retirement plan benefits are not included. All amounts are in euros with conversions for the CEO and Executive Vice-President at the average exchange rate for the year

(note: expatriate employees in France are excluded). The elements of remuneration accounted for are: base salary on a full-time equivalent basis; ●

payments in 2020: 1 euro = 1.1405 U.S. dollar; ● payments in 2019: 1 euro = 1.1196 U.S. dollar; ● payments in 2018: 1 euro = 1.1810 U.S. dollar. ●

variable remuneration payments received during the year, i.e. , ● the 2020 figures include variable remuneration payments for the performance period of 2019 paid in 2020;

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• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •