2021 Universal Registration Document

CORPORATE GOVERNANCE

Corporate Officer remuneration

Allocation of stock options 4.2.2.4 In 2021, after approval of the Annual General Shareholders based on performance conditions and a 5-year vesting period. The Meeting, a one-time exceptional grant of stock options, restricted to performance conditions are detailed in Section 4.2.1.2.2. under the Executive Committee members, including the CEO, was decided, Specific principles governing remuneration policies

TABLE G – STOCK OPTION GRANT IN FY 2021 TO EACH EXECUTIVE CORPORATE OFFICER

(Table 6 following the format in French Financial Markets Authority Position-Recommendation No. 2009-16)

Valuation of the shares according to the method used for the consolidated financial statements (in euros)

Stock options granted during the fiscal year to each Corporate Officer by the issuer and by any

Number of options granted during the fiscal year

Name and date of the plan

Performance conditions

Exercise date

Availability date

Group company (Nominative list)

Gonzalve Bich

Achieving Horizon (May 19, 2021)

300,000

2,262,000 February 28, 2026 February 28, 2026 1) 2025 fiscal year Net Sales in line with Horizon

growth trajectory 2) 2025 fiscal year Adjusted EBIT.

SUMMARY OF STOCK OPTIONS GRANTEDWITH PERFORMANCE CONDITIONS

(Table 8 following the format of the French Financial Markets Authority Position-Recommandation n°2009-16 de l'AMF ) Achieving Horizon

Achieving Horizon

Date of Shareholders Meeting

19-May-21

19-May-21

9-Dec-21

Date of Board Meeting

19-May-21

Total number of options granted, of which options granted to :

1,224,500

170,000

Gonzalve Bich, Chief Executive Officer

300,000

First possible date of exercise

28-Feb-26

28-Feb-26

Expiry date

19-May-31

9-Dec-31

Exercice price (Euros)

65

65

Exercise conditions

Performance conditions must be achieved as detailed in 4.2.1.2.2.

Number of options exercised at December 31, 2021

-

-

Number of options cancelled

75,000

-

Stock options outstanding

1,149,500

170,000

Award of performance-based shares 4.2.2.5 Since 2005 the Board of Directors has, in line with the power granted it by the Shareholders’ Meeting, opted, upon the recommendation of the Remuneration Committee, for a policy of three-year performance-based share grants. The Executive Corporate Officers mentioned in the table below benefit from this policy. For performance share plans granted in years up to and including 2020, performance is assessed according to the achievement of two objectives: net sales growth on a comparative basis; ●

net cash flow from operations and change in inventory, as a ● percentage of net sales. The payout of each performance criteria is assessed independently and subject to the following payout calculation: if the average percentage over the three-year period is ● between 75% and 100%, the number of shares acquired by each beneficiary on the vesting date is reduced by 2% compared to the initial grant for each percent below 100%; if the average percentage of each performance condition over ● the three-year period is less than 75%, no shares are acquired.

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• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •