BIC_REGISTRATION_DOCUMENT_2017

CORPORATE GOVERNANCE Corporate Officers’ compensation

Method for determining the pensionable compensation: ● the pensionable compensation is the average remuneration of • the last three years of service; to determine the pensionable compensation, only base and • annual bonus are included, all other direct or indirect payments are excluded. Rate of pension rights acquisition: ● the supplementary pension is equal to 1.25% of the average • compensation, per year of membership of the plan, with a maximum of 25% ( i.e. 20 years); on May 18, 2016, the Board of Directors decided to freeze the • rights in this plan awarded to Marie-Aimée Bich-Dufour during her new mandate; the commitments arising from this plan are provisioned by • SOCIÉTÉ BIC in accordance with IAS 19.

Maximum Payments: ● the consolidation of all pension rights cannot exceed a • replacement rate of 50% of remuneration. This ceiling is verified on the date of retirement. Method of funding: ● the Supplementary Executive Retirement Plan is funded. • Other expenses paid by the Company: ● BIC pays the Fillon tax, which is 24% of the contributions to the • fund. On December 31, 2017, the supplementary pension, which has been determined based on seniority in the Plan and on her remuneration as of May 18, 2016, amounts to 107,318 euros (for information purposes).

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BIC GROUP - 2017 REGISTRATION DOCUMENT