BIC_REGISTRATION_DOCUMENT_2017

CORPORATE GOVERNANCE Corporate Officers’ compensation

AMOUNT AND STRUCTURE OF THE VARIABLE REMUNERATION OF GONZALVE BICH IN 2017

20% GroupNetsales

30% Personalobjectives

56% Fixed compensation

44% Bonus

20% Incomefrom Groupoperations

10% GroupReceivables

10% Group Inventory

10% GroupNet Income

BONUS – GONZALVE BICH

Actual 2017 bonus paid, as a % of the fixed compensation

Index of achievement of 2017 objectives

Criteria

Weight of criteria

2017 Bonus as a % of fixed compensation

Target (index 100)

Minimum

Maximum

Group Net Sales

20% 20% 10% 10% 10% 30%

6.80% 6.80% 3.40% 3.40% 3.40%

17.00% 17.00%

25.50% 25.50% 12.75% 12.75% 12.75% 38.25%

94.5 95.5

14.45% 14.79%

Group Income from Operations

Group Net Income

8.50% 8.50% 8.50%

104.9

9.78% 7.99% 6.97%

Group Inventory

97.7 93.8

Group Receivables

Personal Objectives and overall assessment: contribution to the - Contribution to the mplementation of a Group Long-Term Strategic Plan - Management of transversal projects - People management

10.20%

25.50%

100.0

25.50%

TOTAL

100%

34.00% 85.00% 127.50%

79.48%

At the end of 2017, individual and collective achievements for each bonus plan criteria were assessed. The individual part represents 30% of the target bonus and represents a maximum of 38.25% of the fixed compensation. For 2017, the individual part represents 32% of the bonus due.

The Board of Directors has decided to pay Gonzalve Bich a bonus amounting to 397,400 U.S. dollars representing 79.48% of fixed compensation and 93.5% of the target bonus.

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BIC GROUP - 2017 REGISTRATION DOCUMENT