PERNOD-RICARD - URD 2020-21

____ 6. CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Subsequent events Note 6.7 On August 23, 2021, the US Court of Appeals for the Federal Circuit handed down its ruling in favour of the National Association of Manufacturers. The impact of this favourable court ruling on the Pernod Ricard Group’s financial statements at June 30, 2021 is presented in Note 2.3 - Other significant events during the financial year . On 31 August 2021, the Group entered into an agreement to acquire a minority stake in Sovereign Brands, owner of a rapidly growing portfolio of super-premium wine and spirits brands.

The latter comprises mainly the brands Luc Belaire (French sparkling wines), Bumbu (a range of rum-based products from the Caribbean), the Brazilian gin McQueen and the Violet Fog, and the French liqueur Villon. This equity investment is the first step in a long-term partnership aimed at generating commercial opportunities between Sovereign Brands and Pernod Ricard, such as the study of possible joint industrial and commercial

projects.

Fees of the Statutory Auditors and members of their networks for the 12-month Note 6.8 financial year (1)

KPMG

Deloitte & Associés

Other items

Total

Amount (excluding tax)

Amount (excluding tax)

Amount (excluding tax)

Amount (excluding tax)

FY20 FY21

% FY20 FY21

% FY20 FY21

% FY20 FY21

%

€ million

Audit Statutory Auditors, certification, review of separate and consolidated financial statements (3) Issuer (2) 0.6 0.7 18% 0.7

0.7 15% 0.0 0.0 0% 1.2

1.3 16%

Fully consolidated affiliates

2.6

2.5 69% 3.4

3.4 76% 0.2

0.1 82% 6.2

6.0 73%

SUBTOTAL

3.2

3.1 87% 4.0 4.1 91% 0.2

0.1 82% 7.4 7.4 89%

Services other than the certification of financial statements (4) Issuer (2) 0.1 0.1 2% 0.6

0.2 5% 0.0 0.0 0% 0.7

0.3 3%

Fully consolidated affiliates

0.7

0.4 11% 0.3

0.2 4% 0.0 0.0 18% 0.9

0.6 8%

including legal, tax, corporate

0.5

0.4 10% 0.2

0.2 4% 0.0 0.0 0% 0.7

0.5 6%

SUBTOTAL

0.8 0.5 13% 0.9 0.4 9% 0.0 0.0 18% 1.7

0.9 11%

TOTAL

4.0 3.6 100% 4.9 4.5 100% 0.2

0.2 100% 9.1

8.3 100%

For the period under review, this refers to services provided and recognised in the income statement during a financial year. (1) The issuer is understood to be the Parent Company. (2) Including the services of independent experts or members of the Statutory Auditors’ network employed to certify the financial statements. (3) This section sets out the procedures and services provided to the issuer or its affiliates by the Statutory Auditors or the members of their networks. They may (4) be required by law or by the provisions stipulated at the request of the Group or its affiliates and undertake to comply with the requirements of independence.

Note 7

Consolidation scope

The annual consolidated financial statements include the interests of minority shareholders at the date of the original financial statements of the Parent Company, Pernod Ricard SA, business combination and minority interests in any subsequent and those of entities controlled by the Parent Company (“the changes to shareholders’ equity.

affiliates”). Control is the power to influence the financial and operating policies of an entity so as to obtain benefits from its activities, irrespective of the percentage held in the entity. Non-controlling interests in the net assets of consolidated affiliates are presented separately from Parent Company shareholders’ equity. Non-controlling interests include both the

Intragroup transactions and internal profits and losses relating to consolidated companies are eliminated. Companies over which the Group exercises significant influence are accounted for under the equity method.

Consolidation scope Note 7.1

The main changes to the Group’s scope of consolidation at 30 June 2021 are presented in Note 1.2 – Significant events during the financial year .

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PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021