2021 Universal Registration Document

CORPORATE GOVERNANCE

Corporate Officer remuneration

TABLE C – SUMMARY OF DIRECTORS’ REMUNERATION

(Table 3 following the format in French Financial Markets Authority Position-Recommendation No. 2009-16)

Directors’ remuneration relating to 2021 (in euros)

Directors’ remuneration relating to 2020 (in euros)

Board members (in 2020 and 2021)

John Glen (until his nomination as President)

55,600

16,087

Elizabeth Bastoni (Chair of the Remuneration and Nomination Committees)

58,700

91,700

Marie-Pauline Chandon-Moët

36,500

36,500

Maëlys Castella (Chair of the Audit Committee)

57,600

62,700

Candace Matthews (a)

87,600

87,600

Marie-Aimée Bich-Dufour (b)

10,900

41,491

SOCIÉTÉ M.B.D.

50,500

50,500

Jake Schwartz

24,333

53,500

Timothée Bich

36,500

36,500

Vincent Bedhome

-

13,300

Inna Kostuk

-

13,300

TOTAL FROMAUTHORIZED SUM

418,233

503,178

Candace Matthews benefits from a specific arrangement for a fixed amount of 30 thousand euros instead of the travel allowance, as per prior agreement. (a) Marie-Aimée Bich-Dufour, as an employee of BIC Services, received gross remuneration and an end-of-career indemnity totaling 110,428 euros for her duties from January 1, 2020 to (b) her retirement on September 30, 2020. She started receiving remuneration as a Director on October 1, 2020.

4.2.2.2

Variable Remuneration of Executive

Corporate Officers The Board of Directors set the fixed and target variable remuneration of the Executive Corporate Officer for 2021. This remuneration was unchanged compared to 2020.

Fixed remuneration in 2021 (in U.S. dollars) *

Target variable remuneration in 2021 (corresponds to 100% achievement of the objectives)

Corporate Officer

Gonzalve Bich Chief Executive Officer

770,000 U.S. dollars (650,778 euros)

125% of the fixed remuneration

Amounts in U.S. dollars were converted into euros at the average exchange rate for 2021 (1 EUR = 1.1832 USD). * See Note 3 to the consolidated financial statements .

The variable remuneration to be paid to the Chief Executive Officer, Gonzalve Bich, was calculated on the basis of three financial

commitment. All objectives – financial and individual – were reviewed and approved by the Board, after recommendation by the

objectives in addition to individual objectives including social and Nomination Committee. environmental objectives linked to the Writing the Future, Together

STRUCTURE OF THE TARGET VARIABLE REMUNERATIONOF GONZALVE BICH IN 2021

25% Group Net Sales

30% Personal Objectives

44% Fixed Salary

56% Target Bonus

25% Adjusted EBIT

20% Group Cash Conversion Cycle

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• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •