2021 Universal Registration Document

FINANCIAL STATEMENTS

Parent company financial statements of SOCIÉTÉ BIC (French GAAP)

22-2

Analysis of movements in equity investments

(in thousand euros) Equity investments (net) as of December 31, 2020

1,080,194

Acquisitions, capital increases, creations and disposals in 2021 Lucky Stationery NIG Ltd - Nigeria

2,287

BIC Product (Korea) Ltd. - South Korea

2,386

BIC Product (Korea) Ltd. - South Korea

(4,016)

BIC Product (Thailand) Ltd. - Thaïland

(3,725)

BIC Colombia SAS - Colombia

(9,009)

BIC Violex SA - Greece

157,670

(Allocations to)/Reversals of provisions in 2021 BIC Technologies SA

(1,663)

BIC Éducation SASU

(7)

Electro-Centre SASU

8

BIC Polska SP ZOO – Poland

580

BIC (Romania) Marketing & Distribution SRL – Romania

(369)

BIC Pazarlama Ltd. Sti. – Turkey

(2,946)

BIC Argentina SA – Argentina

183

BIC Stationery (Shanghai) Co. Ltd. – China

632

BIC (Nantong) Plastic Products Co. Ltd. – China

(1,983)

BICMaroc SARL - Morocco

(2,348)

BIC Product (Thailand) Ltd. - Thaïland

3,622

BIC Product (Korea) Ltd. - South Korea

1,630

BIC Colombia SAS - Colombia

9,009

EQUITY INVESTMENTS (NET) AS OF DECEMBER 31, 2021

1,232,136

282

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •