2021 Universal Registration Document

CORPORATE GOVERNANCE

Corporate Officer remuneration

As of December 31, 2021, Gonzalve Bich had accrued a pension benefit equivalent to 27.52% of the average remuneration over the last three years of service out of his 18.9 years of service. For reference, this is equal to an annual pension of 422,071 U.S. dollars payable at age 65, inclusive of the U.S. Qualified Pension Plan benefit. In addition, he has also accrued a cash balance benefit of 30,800 U.S. dollars as of December 31, 2021, which is based on compensation credits equal to 4% of base pay, accumulated with interest, for each year beginning with January 1, 2021. He has elected to receive his Restoration Plan benefit as a lump sum.

Officer, or of membership of the Executive Committee during the fiscal years in question. The total amount of fixed and variable remuneration awarded to the Chair of the Board and the Executive Corporate Officers for FY 2021 is equal to 975,778 euros in fixed remuneration (base) and 854,146 euros in variable remuneration. For FY 2020, the three Corporate Officers received 1 231 171 euros in fixed remuneration (base) and 859,931 euros in variable remuneration. The team members on the Executive Committee (10 team members including the Chief Executive Officer) received 3,526,392 euros in fixed remuneration (base) and 1,792,292 euros in variable remuneration. For FY 2020, the Executive Committee had 9 team members and the amounts were 3,560,257 euros in fixed remuneration (base) and 1,681,832 in variable remuneration.

4.2.2.7

Total remuneration

All amounts mentioned in this section take into consideration the length of service of the Board member or Executive Corporate

4.2.2.8 TABLE J (Table 11 following the format in French Financial Markets Authority Position-Recommendation No. 2009-16)

Commitments concerning Corporate Officers (related to the start or end of a term of office)

Indemnities and benefits due or likely to be due because of a termination or change in positions

Supplementary pension plan

Non-competition indemnities

Employment contract

Yes

No

Yes

No

Yes

No

Yes

No

Corporate Officers

X

X

X

X

John Glen Chair of the Board (Interim) Initial date of appointment: May 19, 2021 Term: 2022 AGM Gonzalve Bich Chief Executive Officer Initial date of appointment: June 2, 2016 Term: indefinite

X (a)

X (See Section 4.2.2.6 )

X

X

No employment contract was signed by SOCIÉTÉ BIC and Gonzalve Bich. His remuneration is paid by BIC International. No termination payments are provided for these roles, which (a) can be terminated at any time.

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• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •