BIC_REGISTRATION_DOCUMENT_2017

CORPORATE GOVERNANCE Corporate Officers’ compensation

Revision of fixed compensation 3.2.2.4. for 2018 The Board has set the annual fixed compensation in respect of 2018: 204,000 euros (unchanged vs. 2017) for Bruno Bich, Chairman ● and Chief Executive Officer until May 18, 2018; 550,000 U.S. dollars (486,726 euros  (1) +10% vs. 2017) for ● Gonzalve Bich, Chief Operating Officer and Executive Vice-President; 563,000 U.S. dollars (498,230 euros (1) +9.7% vs. 2017) for James ● DiPietro, Chief Finance Officer and Executive Vice-President; 200,000 euros (-33% vs. 2017) for Marie-Aimée Bich-Dufour, ● Executive Vice-President in charge of Sustainable Development and President of BIC Foundation, whose scope of responsability will be reduced in 2018. The increase of the fixed remuneration is only +2.2% for Gonzalve Bich and +1.7% for James DiPietro due to the integration of the perk allowance into the fixed remuneration, amounting to 38,797 USD or 34,334 euros (1) . Directors’ fees 3.2.2.5. Bruno Bich, Gonzalve Bich, James DiPietro and Marie-Aimée Bich-Dufour do not receive Directors’ fees in connection with the functions they perform for the Group.

Similarly, none of the Leadership Team members receive Directors’ fees in connection with the functions they perform for the Group. Following their retirement, François Bich and Mario Guevara have remained Directors and, as such, they receive Directors’ fees. Total Directors’ fees paid to Mrs. Bastoni. Mrs. Chandon-Moët. Mrs. Poinsot. Mr. François Bich, Mr. Glen, Mr. Guevara, Mr. Rostand, Mr. Vareille and SOCIÉTÉ M.B.D. are determined on the basis of their participation in the Committees of the Board of Directors. Mr. Vareille was appointed Lead Director as of May 2016 and he receives additional Directors’ fees in connection with this responsibility. For fiscal year 2017, the allocation of Directors’ fees is based on the following policy: fixed annual fee: 12,700 euros (+1.6% versus 2016); ● lead Director fixed annual fee: 36,000 euros (+1.4% versus 2016); ● variable part corresponding to 100% Board Meeting Attendance in ● 2017: 22,300 euros (+1.4% versus 2016); variable part corresponding to the attendance to a meeting based ● abroad: 3,000 euros; variable part corresponding to the role of Committee Chairman: ● 18,300 euros (+1.7% versus 2016); variable part corresponding to the role of Committee Member: ● 13,700 euros (+1.5% versus 2016). These Board members do not receive any other compensation.

TABLE C – SUMMARY OF DIRECTORS’ FEES (Table 3 following the format of French Financial Markets Authority Position-Recommendation No. 2009-16)

Directors’ fees paid relating to 2016 (in euros)

Directors’ fees paid relating to 2017 (in euros)

Board members

Elizabeth Bastoni

48,000 28,000 34,500 52,500 20,000 48,000 52,500 48,000 68,500 -

69,400 35,000 35,000 53,300 35,000 37,400 48,700 22,200 48,700 84,700

François Bich (a)

Marie-Pauline Chandon-Moët

John Glen

Mario Guevara (b)

Candace Matthews

Marie-Henriette Poinsot

Frédéric Rostand

SOCIÉTÉ M.B.D.

Pierre Vareille

TOTAL

400,000

469,400

During 2017, 5,760 performance shares previously acquired by François Bich became available. (a) Mario Guevara has received a gross remuneration of 251,969 U.S. dollars corresponding to the unpaid dividend on vested shares held by BIC until the end of the compulsory (b) holding period. In addition, during 2017, 19,133 performance shares previously acquired became available.

Amounts in U.S. dollars were converted into euros using the average exchange rate for 2016 (1 EUR = 1.1062 USD) and for 2017 (1) (1 EUR = 1.1300 USD).

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BIC GROUP - 2017 REGISTRATION DOCUMENT