Derichebourg // 2020-2021 Universal Registration Document

4

Board of Directors’ report on corporate governance Remuneration of executives and corporate officers

Equity ratio change in executive 4.5.3 and employee remuneration

This includes all remuneration and benefits awarded during the fiscal year ended (fixed remuneration, benefits in kind, variable remuneration excluding the supplementary pension scheme and the employee savings plan).

In accordance with Article L. 22-10-9 I (6 and 7) of the French Commercial Code, the ratios between the level of remuneration of the Chief Executive Officer, the Deputy Chief Executive Officer and, firstly, the average remuneration on a full-time equivalent basis of employees other than corporate officers and, secondly, the median remuneration on a full-time equivalent basis of employees other than corporate officers. You are also provided with information on the annual change in remuneration, the Company’s performance, the average remuneration on a full-time equivalent basis of the Company’s employees, other than executives, and ratios over the five most recent fiscal years.

For this fiscal year, the equity ratios will only be given for the 2021 fiscal year, they will be enhanced gradually over the years.

09-30-2017

09-30-2018

09-30-2019

09-30-2020

09-30-2021

Change (in %) of the remuneration of Mr. Daniel Derichebourg Chairman and Chief Executive Officer

(1%)

1%

2%

(4%)

93%

Ratio to average remuneration Ratio to median remuneration

nc nc

nc nc

nc nc

nc nc

16

19.8

Change (in %) of the remuneration of Mr. Abderrhamane El Aoufir Deputy Chief Executive Officer

19.7%

41.7%

(2.3%)

(10.8%)

27.6%

Ratio to average remuneration Ratio to median remuneration

nc nc

nc nc

nc nc

nc nc

22

27.2

Company performance: change in recurring EBITDA (in millions of euros)

66.8%

(0.3%)

(5.4%)

(5.4%)

114.6%

Remuneration included: this is remuneration awarded in respect of a fiscal year by the Issuer and the companies that it controls, and the companies that control it, with the exception of the remuneration components for the employee savings plan, compared with the assumptions used for average and median remuneration. As the Company has only two employees, the headcount taken into account for the average and median remuneration is that of the Group’s French entities. Remuneration was calculated for employees working full time.

DERICHEBOURG 2020/2021 Universal Registration Document 116