Eurazeo / 2019 Universal Registration Document

Shareholders’ Meeting Draft resolutions proposed to the Shareholders' Meeting

Components ofcompensationand benefits paid or awardedin respect offiscal year 2019 toNicolas Huet, member ofthe Executive Board(15 th resolution),

Compensation

Amount Comment

The fixed compensation of NicolasHuet in respect offiscal year 2019 has remained unhanged compared to 2018. €461,717 Basicvariablecompensation is equal to 100%of fixed compensation if objectivesare attained, i.e. €450,000 for fiscal year 2019 for Nicolas Huet. Totalvariable compensation is capped at 150%of basic variable compensation if objectivesare exceeded, i.e. €675,000. 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€289,592 • (37.40% in respectof the change in NAV in absolute terms, 0% in respectof the change in NAV in relative terms, 6.95% in respect ofcomplianceof EBITDA withbudget,and20%in respectof FRE compliance); based on qualitative criteria: 38.25% oftarget variablecompensation(comparedto 39.13 in • 2018), or €172,125 (23.25%in respect ofcommon and individual qualitative criteriaand 15% 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 €461,717, representing102.60% oftarget variable compensation. The compensationpolicyis 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 39.13%of target variable compensation for all qualitative criteria for NicolasHuet. NicolasHuet's variablecompensationwas therefore set at 117.04%of target variable compensation, representing variablecompensationof €526,658. 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.

Fixed compensation

€450,000

Annual variable compensation

08

Variable compensation paid during the fiscal year

Deferred variable compensation Multi-yearvariable compensation Special payments

N/A NicolasHuetdoesnot receive any deferred variablecompensation.

N/A NicolasHuetdoesnot receive any multi-year variable compensation.

N/A NicolasHuetdoesnot receive any special payments.

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2019 UNIVERSAL REGISTRATION DOCUMENT