LEGRAND / 2018 Registration document

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CORPORATE GOVERNANCE

COMPENSATION AND BENEFITS OF COMPANY OFFICERS

Fixed compensation With respect to 2018, the amount of Mr. Benoît Coquart’s fixed compensation was €700,000 (on an annual basis).

Annual variable compensation The variable compensation of Mr. Benoît Coquart for the 2018 financial year was determined by the Board of Directors on March 20, 2019, based on the recommendation of the Compensation Committee and after applying the criteria set by the Compensation Committee and subsequently approved by the Board of Directors as presented in the table below.

Min Target

Max

Actual

Operating margin 2018 adjusted operating margin (at 2017 scope)

As a % of fixed compensation

0% 40% 60% 32.0%

Indicator value

20% 20.25% 20.5% 20.2%

15%

Organic sales growth 2018 organic sales growth

As a % of fixed compensation

0%

22.5% 22.5%

Quantifiable portion: 3/4 of annual variable i.e. 75%of target fixed compensation

Indicator value

1% 2.5% 4% 4.9%

10%

Acquisitions

2018 sales growth resulting from changes in scope Legrand’s inclusion in CSR benchmark indices

As a % of fixed compensation

0%

15% 12.8%

Indicator value

0% 5% 10% 7.8%

10%

Corporate Social Responsibility (CSR)

As a % of fixed compensation

0%

15% 4.0%

Indicator value

7

12

14

9

QUANTIFIABLE TOTAL

0% 75% 112.5% 71.3%

10%

Sales growth

Changes in market share, new products, sales policies, access to new markets, alliances (including outside France), expansion in new economies

0%

15% 12.0%

10%

Acquisitions policy Compliance with priorities, emphasis on multiples paid, emphasis on any dilutive

0%

15% 15%

Qualitative portion: 1/4 of annual variable i.e. 25% of target fixed compensation

effects of acquisitions on the Group’s performance, integration of acquisitions already made Risk management, workforce-related initiatives and dialogue, diversity and gender balance, succession plans

5%

General criteria

0%

7.5% 6%

QUALITATIVE TOTAL

0% 25% 37.5% 33%

VARIABLE TOTAL AS A % OF FIXED COMPENSATION

0% 100% 150% 104.3%

Therefore, for the 2018 financial year, the achievement rate of quantifiable and qualitative targets was 69.5% (equal to 104.3% divided by 150%) of the maximum annual variable compensation and 104.3% (equal to 104.3% divided by 100%) of the target, i.e. €730,100 on an annual basis and €654,048 on a prorata basis from February 8, 2018. The principles (as well as the achievements) governing the determination of the variable portion of Mr. Benoît Coquart’s 2018 annual compensation, as calculated in the above table, are as follows: a) the target value of the quantifiable portion was set at 75% of the fixed compensation, with a possible variation between 0% and 112.5% of said fixed compensation. The 2018 achievement rate for this quantifiable portion equaled 71.3% of fixed compensation, determined as follows:

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LEGRAND

REGISTRATION DOCUMENT 2018