BIC - 2020 Universal Registration Document

BOARDOF DIRECTORS’ REPORT AND DRAFT RESOLUTIONS OF THE SHAREHOLDERS’ MEETING OF MAY 19, 2021

Ordinary Shareholders’ Meeting

ORDINARY SHAREHOLDERS’ MEETING 8.1.

RESOLUTIONS SUBJECT TO THE AUTHORITY OF THE ORDINARY GENERAL MEETING

RESOLUTIONS 1 AND 2 Approval of the financial statements for the fiscal year ended December 31, 2020

Purpose The first two resolutions relate to the approval of the parent company and consolidated financial statements for the fiscal year ended December 31, 2020. First resolution Approval of the parent company financial statements for the fiscal year ended December 31, 2020 Second resolution Approval of the consolidated financial statements for the fiscal year ended December 31, 2020

The General Meeting, voting in accordance with quorum and majority rules for Ordinary General Meetings, having reviewed the reports of the Board of Directors and the Statutory Auditors, approves the statutory financial statements of the Company for the fiscal year ended December 31, 2020, which include the balance sheet, the income statement and the notes, as presented, and which show earnings amounting to 14,141,171.62 euros, as well as the transactions reflected therein and summarized in these reports.

The General Meeting, voting in accordance with quorum and majority rules for Ordinary General Meetings, having reviewed the reports of the Board of Directors and the Statutory Auditors, approves the consolidated financial statements of the Company for the fiscal year ended December 31, 2020, which include the balance sheet, the income statement and the notes, as presented, as well as the transactions reflected therein and summarized in these reports and showing a consolidated net profit attributable to Group Shareholders of 93,727,597 euros.

RESOLUTION 3 Appropriation of earnings and setting of dividend

Purpose Regarding the profit for the 2020 fiscal year in the amount of 14,141,171.62 euros and retained earnings in the amount of 556,895,040.26 euros, together constituting the distributable earnings, you are hereby asked to: set a dividend of 1.80 euros per share for the fiscal year ended December 31, 2020, and therefore distribute to the Shareholders a ● dividend of a total amount of 80,957,399.40 euros (subject to the treasury shares); and carry forward the balance of 490,030,462.06 euros to retained earnings; and ● allocate 48,350.42 euros to the special “works of art” reserve. ● The payment date for the dividend for fiscal year 2020 is June 2, 2021. The dividend is defined before any tax and/or social security levy which may apply depending on the shareholder’s own situation. Shareholders are invited to contact their usual tax adviser.

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• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •