BIC_Registration_Document_2017

BOARD OF DIRECTORS’ REPORT AND DRAFT RESOLUTIONS OF THE SHAREHOLDERS’ MEETING OF MAY 16, 2018 Ordinary Shareholders’ Meeting

Compensation elements and benefits of any type paid or granted for 2017

Amounts or accounting valuation submitted for approval (a) No payment is due in respect of the fiscal year ended

Presentation

Supplementary pension plan

Gonzalve Bich participates in the BIC CORPORATION Restoration Plan, a supplementary pension plan in the U.S.A., which has existed since 2006 and which benefits selected Company executives whose compensation taken into account in the U.S. Qualified Pension Plan is restricted by regulations. The plan benefit is subject to having been a participant in the • plan for at least five years Method for determining the pensionable compensation: • The pensionable compensation is the average remuneration • which is based on the highest three consecutive years within the last 10 years. Rate of acquisition of rights: • This plan provides for a single life annuity, payable at normal • retirement age (65) equal to 1.1% of the Social Security ceiling plus 1.5% of average pay in excess of the Social Security ceiling, multiplied by the number of years of service, which may not exceed 35 years, plus 1.4% of average pay per year of service in excess of 35 years. The plan includes the pension granted by the U.S. Qualified Pension Plan. Full vesting in the Restoration Plan occurs at age 52 with fifteen or more years of service or at age 60 with five years of participation in the plan. Full vesting in the U.S. Qualified Plan occurs at 5 years of service. In addition, the Plan provides early retirement benefits for • beneficiaries prior to age 65 (or age 62 if they retire at or after age 55 with 10 or more years of service). The commitments arising from this plan are provisioned in • BIC CORPORATION’s financial statements in accordance with IAS 19. Maximum payments: • Not applicable. • Method of funding: • The Restoration Plan is unfunded. The U.S. Qualified Pension • Plan is funded through a trust. Other expenses paid by the Company: • BIC pays the cost of administration, accounting valuations • under IAS 19 and funding valuations for the U.S. Qualified Pension Plan. At December 31, 2017, Gonzalve Bich had accrued a pension benefit equivalent to 21.13% of the average remuneration of the last three years of service out of his 14.9 years of service ( i.e. , for information, an annual pension equal to 128,195 U.S. dollars payable at age 65 (inclusive of the U.S. Qualified Pension Plan benefit), assuming he had stopped his activity on December 31, 2017. He has elected to receive his Restoration Plan benefit as a lump sum.

Amounts in U.S. dollars were converted into euros using the average exchange rate for 2017 (1 euro = 1.1300 U.S. dollars). (a)

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BIC GROUP - 2017 REGISTRATION DOCUMENT