BIC_REGISTRATION_DOCUMENT_2017

CORPORATE GOVERNANCE Corporate Officers’ compensation

AMOUNT AND STRUCTURE OF THE VARIABLE REMUNERATION OF JAMES DIPIETRO IN 2017

20% GroupNetsales

30% Personalobjectives

40% Bonus

60% Fixed compensation

20% Group Income fromoperations

10% GroupReceivables

10% Group Inventories

10% GroupNet income

BONUS – JAMES DIPIETRO

Index of achievement of 2017 objectives

Actual 2017 bonus paid. as a % of base compensation

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%

6.00% 6.00% 3.00% 3.00% 3.00% 9.00%

15.00% 15.00%

22.50% 22.50% 11.25% 11.25% 11.25% 33.75%

94.5 95.5

12.75% 13.05%

Group Income from Operations

Group Net Income

7.50% 7.50% 7.50%

104.9

8.63% 7.05% 6.15%

Group Inventory

97.7 93.8 85.0

Group Receivables

Personal Objectives and overall assessment: - Contibution to the implementation of a Group long-term strategic plan - Group finance plan

22.50%

19.13%

TOTAL

100%

30.00% 75.00% 112.50%

66.76%

At the end of the year 2017, individual and collective achievements on each criteria were assessed. The individual part represents 30% of the target bonus and represents a maximum of 33.75% of fixed compensation. For 2017, the individual part represents 28.7 % of the bonus due.

The Board of Directors has decided to pay James DiPietro a bonus amounting to 343,814 U.S. dollars representing 66.76% of fixed compensation and 89% of the target bonus.

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BIC GROUP - 2017 REGISTRATION DOCUMENT