2021 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

SOCIÉTÉ BIC is a French public limited company ( société anonyme ), subject to the regulatory corupus governing commercial companies in France, and particularly to the provisions of the French Commercial Code. Its headquarters are located at 14, rue Jeanne d’Asnières, (92110) Clichy in France and the Company is listed on Euronext. The principal place of business is located at the same address. The annual consolidated financial statements reflect the accounting position of SOCIÉTÉ BIC and its subsidiaries (the “Group”). They are presented in euros and rounded to the nearest thousand. The Group’s business is the production and sale of stationery, lighters and shavers.

NOTE 1

MAIN RULES AND ACCOUNTING POLICIES

Approval of the financial statements The Group’s consolidated financial statements for FY 2021 were approved by the Board of Directors’ Meeting of February 15, 2022 and are submitted for approval to the Annual Shareholders’ Meeting to be held on May 18, 2022.

Amendments to IAS 37 – Provisions, Contingent Liabilities and ● Contingent Assets (Onerous contracts – Cost of fulfilling a contract); Annual improvements – 2018-2020 cycle: ● amendment to illustrative examples accompanying IFRS 16 • Leases – Lease incentives, amendment to IFRS 9 – Financial instruments – Fees in the • “10 per cent” test for derecognition of financial liabilities, amendment to IFRS 1 – First time adoption of IFRSs – • Subsidiary as a first-time adopter. In 2021, the Group did not elect to apply early any standard, interpretation or amendment approved by the European Union. Standards, interpretations and amendments issued with mandatory application after 2021 but not yet adopted by the European Union that may have an impact on the Group’s financial statements Amendments to IAS 1 – Presentation of Financial Statements ● and IFRS Practice statement 2: Disclosure of Accounting policies; Amendments to IAS 8 – Accounting policies, changes in ● accounting estimates and errors – Definition of Accounting Estimates; Amendments to IAS 12 – Income Taxes – Deferred Tax related ● to Assets and Liabilities arising from a Single Transaction; Amendments to IAS 1 – Presentation of Financial Statements: ● Classification of liabilities as current or non-current; Amendments to IFRS 10 – Consolidated Financial Statements ● and IAS 28 – Investments in Associates: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture. Analysis on the practical consequences of these new amendments is in progress. The application of the IFRS IC decision on IAS 19 relating to the allocation of benefits to periods of service published in May 2021 does not have a significant impact on the Group's financial statements. 1-1-3 The consolidated financial statements include the financial statements of the parent company, SOCIÉTÉ BIC, and of the entities controlled by SOCIÉTÉ BIC (“its subsidiaries”). An investor controls an investee if it has the exposure, or rights, to variable returns from its involvement with the investee and the ability to use its power over the investee to affect the amount of the investor’s returns. Consolidation of subsidiaries

1-1

Accounting policies

General policies 1-1-1 Pursuant to European regulation (EC) n° 1606/2002 of July 19, 2002 on the application of international accounting standards, the consolidated financial statements of the Group have been prepared in accordance with accounting principles as defined by the International Accounting Standards Board (IASB) as adopted by the European Union as of December 31, 2021. The international standards include the IFRS (International Financial Reporting Standards), the IAS (International Accounting Standards), as well as their SIC (Standing Interpretations Committee) and IFRIC (International Financial Reporting Interpretations Committee) interpretations. At the end of the year, the reference standards used and the standards adopted by the IASB, for which application is mandatory for the period presented, matched. The financial statements have been prepared on a historical cost basis, except for the valuation of certain financial instruments measured at the fair value. The main accounting policies remained unchanged compared to the 2020 fiscal year, except for the following policies, effective since January 1, 2021. Standards, interpretations and amendments effective for periods starting January 1, 2021 The following standards and amendments, effective since January 1, 2021, were applied to the consolidated financial statements for the period ended December 31, 2021: amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 et IFRS 16 ● (Interest Rate Benchmark Reform – Phase 2); amendments to IFRS 16 – Leases – Covid-19 Related rent ● concessions beyond June 30, 2021. Standards, interpretations and amendments with mandatory application after 2021 and adopted by the European Union Amendments to IFRS 3 – Business Combinations – Reference ● to the conceptual framework; Amendments to IAS 16 – Property, Plant and Equipment – ● Proceeds before intended use; Adoption of new and revised IFRS, interpretations 1-1-2 and amendments

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• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •