BIC - 2020 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

Estimated fair value of shares granted and impact on the income statement

Plans’ unit fair value (in euros)

Expense/(income) booked in income statement (in thousand euros)

December 31, 2020

Grant date

Main grant

Secondary grant

December 31, 2019

May 18, 2016

110

N/A

(3,104)

-

Feb. 10, 2017

109

N/A

(5,497)

-

May 16, 2018

77

N/A

543

1,088

Feb. 12, 2019

81.14

N/A

2,058

660

Feb. 11, 2020

58.30

N/A

-

3,034

TOTAL

(5,999)

4,782

The fair value of the free shares is the share price at the grant date adjusted for the present value of potential future dividends.

23-2

Free share allocations without performance

replace the stock option programs rewarding staff selected by Management and key contributors during the year. For plans n° F5 F7, F8 & F9, the shares are delivered by SOCIÉTÉ BIC at the definitive grant date, whether the beneficiaries are French or foreign country tax residents. These plans provide for the allocation of existing shares.

conditions

From 2012, as recommended by the Compensation and Nomination Committee, the Board of Directors decided to set up a policy of free share grants without performance conditions, to

Plan n° F5

Plan n° F6

Plan n° F7

Plan n° F8

Plan n° F9

May 18, 2016 May 18, 2016

May 18, 2016 Feb. 10, 2017

May 16, 2018 May 16, 2018

May 16, 2018 Feb. 12, 2019

May 20, 2020 Feb. 11, 2020

Annual Shareholders’ Meeting date

Board of Directors’ Meeting date

Number of beneficiaries

258

271

244

238

242

Number of free shares granted

20,750

17,100

30,500

17,550

30,613

May 18, 2020

March 31, 2020

May 16, 2021

March 31, 2022

March 31, 2023

Definitive grant date

Number of free share grants definitively acquired at December 31, 2020 Total number of free share grants void at December 31, 2020 (a) Total number of free share grants still vesting at December 31, 2020

12,950

11,950

-

-

-

7,800

5,150

10,950

3,100

1,814

-

-

19,550

14,450

28,799

These free share grants were void due to beneficiaries leaving the Company. (a)

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• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •