PERNOD-RICARD - URD 2020-21

____ 2. CORPORATE GOVERNANCE COMPENSATION POLICY

Amounts paid during the past financial year

Amounts allocated during the past financial year

Components of compensation Compensation as Chairman of the Board of Directors

Remarks

N/A

N/A

Mr Alexandre Ricard does not receive any compensation in his capacity as Chairman of the Board of Directors.

Special bonus

N/A

N/A

Mr Alexandre Ricard does not qualify for any special bonus.

Allocation of stock options and/or performance shares

€549,990 (IFRS total value of stock options

During FY21, the Board of Directors’ meeting held on 27 November 2020 decided, on the recommendation of the Compensation Committee, to grant Mr Alexandre Ricard: 23,374 stock options ( i.e . approximately 0.009% of the Company’s share capital) fully subject to the external performance condition described in the 2019/20 universal registration document, “Allocation of stock options” paragraph in subsection 2.8.1.3 (page 60); 3,726 performance shares ( i.e. approximately 0.001% of the Company’s share capital) fully subject to the internal performance condition described in the 2019/20 universal registration document, “Allocation of performance-based shares” paragraph in subsection 2.8.1.3 (page 60); 6,013 performance shares ( i.e. approximately 0.002% of the Company’s share capital) fully subject to the external performance condition described in the 2019/20 universal registration document, “Allocation of stock options” paragraph in subsection 2.8.1.3 (page 60).This allocation represents, in IFRS value, 150% of his fixed annual compensation. This allocation represents, in IFRS value, 150% of his fixed annual compensation. The same presence condition applies to Mr Alexandre Ricard and the other beneficiaries of the allocation plan. It is noted that the Executive Director is subject to lock-in obligations in respect of shares resulting from the exercise of stock options and the effective transfer of performance shares (described in the 2019/20 universal registration document, “Stock option and performance-based share allocation policy” paragraph in subsection 2.8.1.3 (page 60)). The detail of the non-compete clause and the imposed departure clause is provided in Section 2.8.2. The performance, presence and lock-in conditions applicable to these allocations are the same as those provided for in the Group’s overall performance share allocation plan in force on the grant date (described in the Allocation of stock options" and "Allocation of performance-based shares" paragraphs in subsection 2.8.1.3 of the 2019/20 universal registration document). On the same principle as for grants of performance shares, Mr Alexandre Ricard is subject to lock-in obligations (described in the "Allocation of stock options" and "Allocation of performance-based shares" paragraphs in subsection 2.8.1.3 of the 2019/20 universal registration document). Mr Alexandre Ricard has undertaken to invest the cash payment, net of social security contributions and tax, in investment vehicles dedicated to financing his supplementary pension. Mr Alexandre Ricard qualifies for the collective healthcare and welfare schemes offered by the Company under the same terms as those applicable to the category of employees to which he belongs for the determination of his welfare benefits and other additional components of his compensation. 10% of his fixed and variable annual compensation in the form of a grant of performance shares (5%) and cash (5%). Grant of: 237 performance shares, subject to an internal condition; and 382 performance shares subject to an external condition.

with external performance condition)

€549,953 (IFRS total value of performance shares with internal performance condition) €549,949 (IFRS total value of performance shares with external performance conditions)

Welcome bonus or compensation for termination of office Supplementary pension scheme

No payment

No payment

€69,919 (total IFRS value of performance shares

with internal and external performance conditions)

€69,850 (payment in cash of 5% of the fixed and variable annual compensation)

Collective healthcare and welfare schemes

Other benefits

€ 7,294

Mr Alexandre Ricard benefits from a company car.

N/A: not applicable.

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PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021