PERNOD-RICARD - URD 2020-21

____ 9. ABOUT THE COMPANY AND ITS SHARE CAPITAL INFORMATION ABOUT THE SHARE CAPITAL

Position on 30.06.2021

Position on 30.06.2020

Position on 30.06.2019

% of share capital

% of voting rights*

% of share capital

% of voting rights*

% of share capital

% of voting rights*

Number of shares

Number of shares

Number of shares

Shareholders

Treasury shares: Shares held by affiliates Treasury shares

- 965,483

- 0.37

- 0.00

- 4,747,588

- 1.79

- 0.00

- 1,596,503

- 0.60

- 0.00

Others and public

130,973,353 50.01

42.82 123,516,556 46.54

41.22 102,458,649 38.60 34.78

TOTAL

261,876,560 100.00 100.00 265,421,592 100.00 100.00 265,421,592 100.00 100.00

On the basis of declarations regarding the crossing of legal and statutory thresholds (0.5% of the share capital) notified to the Company principally during the past financial year. Although there is only one class of share, shares held for 10 years in registered form are entitled to double voting rights. Calculated on the basis of a total of 314,421,245 * “theoretical” voting rights (including suspended voting rights). Société Paul Ricard is wholly owned by the Ricard family. The declaration also covers a total of 169,868 shares held by Le Garlaban; 1,352,650 shares held by Le Delos (1) Invest I; 3,191,928 shares held by Le Delos Invest II; and 1,720,002 shares held by Le Delos Invest III. These four companies are controlled by Société Paul Ricard, under article L. 233-3 of the French Commercial Code. Mr Rafaël Gonzalez-Gallarza signed a shareholders’ agreement with Société Paul Ricard, as detailed below. (2)

Declaration of 22 June 2017. (3) Declaration of 26 March 2021. (4) Declaration of 16 July 2020. (5) Declaration of 22 September 2020. (6) Declaration of 10 January 2021. (7) Declaration of 25 August 2020. (8) Declaration of 2 December 2020. (9) Declaration of 30 June 2021. (10) Declaration of 22 July 2020. (11) Declaration of 5 February 2021. (12) Declaration of 27 July 2020. (13) Declaration of 11 November 2020. (14) Declaration of 18 October 2019. (15) Declaration of 18 December 2019. (16) Declaration of 22 January 2020. (17) Declaration of 20 February 2020. (18) Declaration of 1 October 2018. (19)

On 3 December 2018, Elliott Capital Advisors LP informed Pernod Ricard of the holding, by the various Elliott funds, of 1,668,270 shares and 4,991,639 derivative (20) instruments (cash-settled equity swaps). However, the Elliott funds or their affiliates no longer appear on the Company’s registers, even after requests for information to financial intermediaries. Our requests for clarification to Elliott Capital Advisors LP remained unanswered. Declaration of 19 November 2018. (21)

Declaration of 12 June 2019. (22) Declaration of 5 June 2019. (23)

Shareholdings exceeding the legal thresholds for share capital or voting rights By letter received on 23 September 2020, BlackRock Inc. (55 East 52 nd Street, New York, NY 10055, USA), acting on behalf of the clients and funds it manages, declared that on 22 September 2020, it had dropped below the threshold of 5% of the share capital of Pernod Ricard, holding, on behalf of said clients and funds, 12,849,124 Pernod Ricard shares representing the same number of voting rights, i.e. 4.91% of the Company’s share capital and 4.09% of the voting rights. By letter received on 22 September 2020, BlackRock Inc. (55 East 52 nd Street, New York, NY 10055, USA), acting on behalf of the clients and funds it manages, declared that on 21 September 2020, it had exceeded the threshold of 5% of the share capital of Pernod Ricard, holding, on behalf of said clients and funds, 13,130,591 Pernod Ricard shares representing the same number of voting rights, i.e. 5.01% of the Company’s share capital and 4.18% of the voting rights.

Certain Company shares have a double voting right as described in the paragraph entitled “Voting conditions” of the subsection “Information about Pernod Ricard” above. Of the 261,876,560 shares comprising the Company’s capital on 30 June 2021, 52,544,685 shares had a double voting right. On the same date, employees held 3,328,778 shares representing 1.27% of the share capital and 1.65% of the voting rights of the Company. The Paul Ricard concert party (comprising: Société Paul Ricard, Le Delos Invest I, Le Delos Invest II, Le Delos Invest III, Le Garlaban and Rigivar, as well as Mses Danièle Ricard and Veronica Vargas and Messrs Rafaël Gonzalez-Gallarza, César Giron, François-Xavier Diaz, Alexandre Ricard and Paul-Charles Ricard) holds 36,804,818 Company shares representing 65,125,524 voting rights, i.e. 14.05% of the share capital and 20.71% of the voting rights of the Company as at 30 June 2021. The shareholders’ agreement between the Company’s shareholders (Mr Rafaël Gonzalez-Gallarza and Société Paul Ricard SA, held by the Ricard family), is described under “Shareholders’ agreement” in subsection 2.1.5 “Composition of the Board of Directors” of this universal registration document. It is also available on the website of the French Financial Markets Authority (AMF) (www.amf-france.org).

309

PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021