BPCE - 2019 Universal Registration Document

FINANCIAL REPORT

IFRS CONSOLIDATED FINANCIAL STATEMENTS OF BPCE SA GROUP AS AT DECEMBER 31, 2019

LONG-TERM PAYMENT PLANS SETTLED IN CASH AND INDEXED TO THE NATIXIS SHARE PRICE Payments under these plans are subject to presence and performance criteria.

Fair value of indexed cash unit at valuation date (in euros)

Number of units vested by beneficiaries

Number of units granted at inception (1)

Year of plan

Grant date

Vesting date

October 2016 October 2017 October 2018 March 2018 March 2019 March 2019 March 2020 March 2020 March 2021 March 2021 March 2022 March 2022 March 2023

1,576,403 1,449,399 1,298,335 1,081,907 1,787,527

2014 plan

2/18/2015

4,493,016

6.37

2015 plan

2/10/2016

6,084,435

6.11

868,417

2016 plan

4/10/2017

2,835,311

5.47

2017 plan

2/23/2018

2,660,487

5.34

2018 plan

2/26/2019

3,260,945

2.72

2019 plan

1/22/2020

3,576,462

2.22

The expected number of units at the vesting date is funded by equity swaps. Payments under these plans are subject to presence and performance criteria. (1)

SHORT-TERM CASH-SETTLED PAYMENT PLANS INDEXED TO THE NATIXIS SHARE

Number of probable indexed

Fair value of indexed cash unit at valuation date (in euros)

Number of indexed cash units granted at inception

Value of indexed cash unit (in euros)

cash units at vesting date

Year of plan

Grant date 1/22/2020

Vesting date

2019 plan

1/22/2020

3.88

5,815,898

5,815,898

3.88

The expense associated with the short-term plan is fully recognized in the 2019 financial statements in the amount of €28 million, versus €36 million at December 31, 2018.

5

SHARE-BASED PAYMENT PLANS Payments under these plans are subject to presence and performance criteria.

Fair value of bonus share at valuation date (in euros)

Number of shares granted at inception

Number of units vested by beneficiaries

Bonus share price at grant date (in euros)

Year of plan

Grant date 7/31/2014 2/18/2015

Vesting date

2013 plan 2014 plan

31,955 95,144

July 2018

4.83 6.18

4.02 3.45

February 2019 March 2018 March 2019

2015 plan 2016 plan

7/28/2016 7/28/2016

3,081,642

3.43 3.43

2.80 1.62

151,283

July 2020

March 2019 March 2020

2016 plan 2017 plan

4/10/2017 5/23/2017

3,012,307

4.28 6.44

4.43 3.32

79,369

May 2021

March 2020 March 2021 March 2021 March 2022 March 2022 March 2023

2017 plan

2/23/2018

2,765,576

7.06

5.34

2018 plan

2/26/2019

2,987,841

4.44

2.73

2019 plan

1/22/2020

2,104,431

3.96

2.22

439

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE