2021 Universal Registration Document

CORPORATE GOVERNANCE

Corporate Officer remuneration

TABLE I – HISTORY OF PERFORMANCE SHARE PLAN ALLOCATIONS

(Table 9 following the format in French Financial Markets Authority Position-Recommendation No. 2009-16)

Plan No. 10 Plan No. 11 Plan No. 12 Plan No. 13 Plan No. 14 Plan No. 15 Plan No. 16 Plan No. 17

Date of Shareholders’ Meeting

May 15, 2013 May 15, 2013 May 18, 2016 May 18, 2016 May 16, 2018 May 16, 2018 May 16, 2018 May 19, 2021

Date of Board Meeting February 11, 2014

February 10, 2015

May 18, 2016

February 10, 2017

May 16, 2018

February 12, 2019

February 11, 2020

February 16, 2021

Grant

M

M

M

M

M

M

M

M

Number of free shares granted

159,660

176,740

159,680

155,790

170,720

162,025

234,118

244,181

Of which. shares •

granted to Corporate Officers (% of BIC shares as of Dec. 31, 2021)

Gonzalve Bich •

15,000 (0,03%) May 16 , 2021 May 16, 2021

17,000 (0.04%)

24,781 (0.05%)

3,250 4,500 (0.01%) 5,000 (0.01%) 8,000 (0,02%)

30,298

End of Vesting Period

March 11, 2017 March 11, 2020

March 10, 2018 March 10, 2021

May 18, 2019

March 31, 2020 March 31, 2020

March 31, 2022 March 31, 2022

March 31, 2023 March 31, 2023

March 31, 2024 March 31, 2024 1) Free Cashflow

End of Holding Period

March 31, 2022

Performance conditions

1) Net sales growth 2) Net cash from operating activities as a percentage of net sales

2) Innovation Vitality Rate

3) Rate of reusable,

recyclable or compostable packaging

Total number of shares vested as of December 31, 2021 Total number of void or lapsed shares as of December 31, 2021 (a) TOTAL NUMBER OF PERFORMANCE SHARES OUTSTANDING AS OF DECEMBER 31, 2021

139,542

105,096

64,365

-

58,434

-

-

20,118

71,884

94,025

155,790

112,286

111,870

55,499

27,269

-

-

-

-

-

50,155

178,619

216,912

The performance share grants are void due to the beneficiary leaving the Company or to all performance conditions not being achieved. (a) M = Main. S = Secondary.

Shares allocated with or without performance conditions

key contributors during the year, the Board of Directors implemented a policy of free share grants, linked to the continued presence of the team member over the three-year and one month vesting period but with no performance conditions. In 2021, the Board of Directors approved the grant of free standard shares to all employees of the Company, with the exception of the Chief Executive Officer, under the Sharing Horizon Employee Share Plan. These standard shares have no performance conditions attached and will be delivered to all employees still present with the Company at the end of the three-year vesting period.

The Board of Directors, in line with the power granted by the Shareholders’ Meeting, and on the recommendation of the Remuneration Committee, grants eligible executives three-year performance-based share grants. The vesting period and performance conditions linked to these grants are the same as those for the Chief Executive Officer. On the recommendation of the Remuneration Committee, and with the aim of rewarding team members selected by Management and

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• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •