Eurazeo / 2019 Universal Registration Document

Shareholders’ Meeting Draft resolutions proposed to the Shareholders' Meeting

Components ofcompensationand benefits paid or awardedin respect offiscal year 2019 toPhilippe Audouin, member ofthe Executive Board(14 th  resolution),

Compensation

Amount Comment

Fixed compensation

€500,000 The fixed compensation of Philippe Audouin in respect offiscal year2019hasremained unchanged since hisappointment as Directeur General Finances – CFOas ofMarch 19, 2018. €514,269 Basicvariablecompensation is equal to 100%of fixed compensation if objectivesare attained, i.e. €500,000 for fiscal year 2019 for Philippe Audouin. Total v riable compensation is capped at150% of basic variablecompensation if objectives are exceeded, i.e. €750,000. Quantitativeandqualitativecriteria: Duringits meeting ofMarch 7, 2019,the Supervisory Board, at the recommendation of the CAG Committee,set the followingquantitative andqualitativecriteria: Quantitative criteria: Quantitative criteria are calculated on 60%of the basic bonus and limited to 120% thereof. Criteria adopted: change in NAV in absolute terms (25%); • change in NAV in relative terms compared with the performance of the CAC 40(15%); • compliance ofEBITDA with budget (10%); • compliance ofFRE (Fee-Related Earnings) of the assetmanageractivitywith budget(10%). • Qualitativecriteria: The qualitative criteria represent 40% of the basic bonusandcan represent up to 50% of the basic bonus at the decision of the CAGCommittee in the event of an exceptional contribution to issues not identifiedwhensetting the annualobjectives: common criteria: generating externalgrowth, maintaining the structure’sconsistency • and cohesion,creatingsuccessful conditions forfundraising, digital development, containing overheadsand improving CSR 2020 strategy indicators (25% of the target bonus); individual appraisalby the CAGCommittee (15% of the target bonus). • Basedon the criteria setby the Supervisory Board onMarch 7, 2019 andactual performance levels noted as ofDecember 31, 2019, variable compensationwas calculatedas follows: based on quantitative criteria: 64.35% ofthe target bonus (77.91%in 2018), or€321,769 (37.40% • in respect ofthe change in NAV in absolute terms, 0% in respect ofthe change in NAV in relative terms, 6.95% in respect of compliance ofEBITDA with budget, and 20% in respect of FRE compliance); based on qualitative criteria: 38.50% oftarget variablecompensation(37.92%in 2018), • or €192,500 (23.50% in respect of common and individual qualitative criteria and15% in respect of the individual appraisal). At therecommendationof the CAG Committee, the Supervisory Board meeting of March 11, 2020, decided togrant gross variable compensation of €514,269 (comparedwith €572,906 in respect of fiscal year 2018), representing 102.85% oftarget variable compensation. The compensation policyis presented in Chapter 5, Section 5.8 of theUniversal Registration Document. The Supervisory Board meeting of March 7, 2019,at the recommendation of the CAG Committee, noted the attainment levels ofquantitativeandqualitative criteria applicable to Executive Board members, ofrespectively 77.91% of target variable compensation (comparedwith 82.83% in 2017) for economic criteria and 37.92%of target variable compensation (comparedwith 43.7%in 2017) for all qualitative criteria for Philippe Audouin. Philippe Audouin's variablecompensationwas therefore set at 115.83% of target variable compensation, representing variable compensation of €572,906(comparedwith€480,831 forfiscalyear 2017). Compensation due or awarded in respect offiscal year 2018was presented to the Shareholders' Meeting of April 25, 2019 for vote through the 11 th  resolution.

Annual variable compensation

Variable compensation paid during the fiscal year

Deferred variable compensation Multi-yearvariable compensation

N/A Philippe Audouindoesnot receiveany deferred variable compensation.

N/A Philippe Audouindoesnot receiveany multi-year variable compensation.

EURAZEO / 2019 UNIVERSAL REGISTRATION DOCUMENT

376