Eurazeo / 2019 Universal Registration Document

Shareholders’ Meeting Draft resolutions proposed to the Shareholders' Meeting

Components ofcompensationand benefits paid or awardedin respect offiscal year 2019 toOlivier Millet, member ofthe Executive Board(16 th resolution),

Compensation

Amount Comment

The fixed compensation of Olivier Milletin respect offiscalyear 2019 hasremained unhanged compared to 2018. €458,342 Basicvariablecompensation is equal to 100%of fixed compensation if objectivesare attained, i.e. €450,000 for fiscal year 2019 for Olivier Millet. Total v riable compensation is capped at150% of basic variablecompensation if objectives are 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); individualappraisalby 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 thechange in NAV in absolute terms, 0% in respectof the change in NAV in relative terms, 6.95% in respect of complianceof EBITDA withbudget,and20%in respectof FRE compliance); based on qualitative criteria: 37.50% oftarget variable compensation (comparedto 38.13),or • €168,750(22.50% in respect of common qualitativecriteria 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 €458,342, representing 101.85% oftarget variable compensation. The compensationpolicyis presented in Chapte 5, Section 5.8 of the Universal 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 38.13%of target variable compensation for all qualitativecriteria for Olivier Millet, Olivier Millet's variable compensation was therefore set at 116.04% of target variable compensation, representing variablecompensationof €522,158, Compensation due or awarded in respect offiscal year 2018was presented to the Shareholders' Meeting of April 25, 2019 for vote through the 12 th  resolution.

Fixed compensation

€450,000

Annual variable compensation

Deferred variable compensation Multi-yearvariable compensation Special payments

N/A Olivier Milletdoesnotreceive any deferred variable compensation.

N/A Olivier Milletdoesnotreceive any multi-year variable compensation.

N/A Olivier Milletdoesnotreceive any special payments.

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