2021 Universal Registration Document

COMMENTS ON THE YEAR

Investments

KEY INVESTMENTS IN 2021

2021 Capex totaled 74.9 million euros. In Human Expression, BIC invested mostly in new molds and ● machinery. In Flame for life , BIC invested in new machines and molds to ● improve quality and productivity, accelerated investments in Sustainable Development and continued the construction of a new storage warehouse for finished products near its Redon plant.

In Blade Excellence, major investments were related to new ● products.

KEY ONGOING INVESTMENTS: GEOGRAPHIC DISTRIBUTION AND FINANCINGMETHODS

Not applicable.

KEY FUTURE INVESTMENTS

Not applicable.

199

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •