BIC_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Consolidated financial statements

CONSOLIDATED SUBSIDIARIES NOTE 30

All entities that are more than 50% owned are consolidated. The main operating companies at December 31, 2017, are as follows:

Proportion of ownership interest (direct or indirect)

Place of incorporation (or registration)

Name of subsidiary

and operation Main Shareholders

Principal activity

Fully consolidated subsidiaries FRANCE BIC Assemblage SARL

Clichy Clichy

SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA

100.0% 100.0%

Delivery of services Holding company

BIC Clichy SAS ( merged into SOCIÉTÉ BIC SA as of January 1, 2017)

BIC Services SASU

Clichy

SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA

100.0%

Delivery of services

BIMA 83 SASU

Clichy/Cernay Clichy/Redon

100.0% Manufacturing of consumer products 100.0% Manufacturing of consumer products 100.0% Distribution of consumer products 100.0% Manufacturing of consumer products 99.9% Industrial equipments production 100.0% Manufacturing of consumer products 100.0% Manufacturing and distribution of consumer products 100.0% Manufacturing of consumer products 100.0% Distribution of consumer products 100.0% Manufacturing of consumer products 100.0% Manufacturing and distribution of IT solutions

Société du Briquet Jetable 75 SASU

DAPE 74 Distribution SASU

Clichy Clichy Clichy

Électro-Centre SASU BIC Technologies SA BIC Rasoirs SASU

Verberie Vannes

BIC Sport SASU

Conté SASU

Boulogne-sur-Mer

BIC Graphic France SASU BIC Écriture 2000 SASU

Clichy

Clichy/Montévrain

BIC Éducation SASU

Clichy

SI Valiton Gesnouin SASU

Clichy Clichy

100.0% 100.0%

Real estate Real estate

SI BIC Clichy SASU

Stypen SASU

Clichy/Montévrain

100.0% Manufacturing of consumer products

BIC International Development SASU EUROPE BIC Deutschland GmbH & Co. OHG

Clichy

100.0%

Delivery of services

Germany BIC Erzeugnisse GmbH BIC Verwaltungs GmbH

100.0% Distribution of consumer products

BIC Erzeugnisse GmbH BIC Verwaltungs GmbH

Germany Germany Germany

SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA

100.0% 100.0% 100.0% 100.0%

Holding company Holding company Holding company Holding company

BIC GmbH

Mondialoffice Verwaltungs-und Vertriebsgesellschaft mit beschränkter Haftung

Germany BIC Deutschland GmbH & Co.

BIC (Austria) Vertriebsgesellschaft mbH

Austria Belgium

SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA

100.0% Distribution of consumer products 100.0% Distribution of consumer products

BIC Belgium SPRL

Manufacturing and distribution of consumer products Manufacturing and distribution of consumer products

BIC Iberia SA

Spain Spain

SOCIÉTÉ BIC SA

100.0% 100.0%

BIC Graphic Europe SA

BIC Iberia SA

Norwood Promotional Products Europe S.L.U.

Spain BIC Graphic Europe SA

100.0% Distribution of consumer products

BIC Violex SA

Greece

SOCIÉTÉ BIC SA

100.0%

Manufacturing and distribution of consumer products

BIC Hungaria k.f.t. - liquidated in 2017

Hungary

SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA

100.0% Distribution of consumer products 100.0% Distribution of consumer products 100.0% Distribution of consumer products 100.0% Distribution of consumer products 100.0% Distribution of consumer products 100.0% Distribution of consumer products 100.0% Distribution of consumer products 100.0% Distribution of consumer products 100.0% Distribution of consumer products 100.0% Distribution of consumer products 100.0% Distribution of consumer products 100.0% Distribution of consumer products 100.0% Distribution of consumer products

BIC (Ireland) Private Company Limited By Shares

Ireland

BIC Italia Spa

Italy

Norwood Promotional Products Italia SPA (liquidation in progress)

Italy BIC Graphic Europe SA

BIC Netherlands B. V BIC Polska SP ZOO

Netherlands

SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA SOCIÉTÉ BIC SA

Poland

BIC Portugal SA

Portugal Romania

BIC (Romania) Marketing & Distribution SRL

BIC UK Ltd.

United Kingdom

BIC Slovakia s.r.o.

Slovakia Russia Sweden

BIC CIS ZAO BIC Nordic AB

SOCIÉTÉ BIC (Suisse) SA

Switzerland

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BIC GROUP - 2017 REGISTRATION DOCUMENT