PERNOD-RICARD - URD 2020-21

____ 2. CORPORATE GOVERNANCE COMPENSATION POLICY

Performance shares vested to Mr Alexandre Ricard during the financial year (Table 7 AMF nomenclature)

Number of shares vesting during the financial year

Date of plan n° 28

Vesting conditions

17.11.2016

5,000 (1)

Average achievement of the annual budget targets in respect of profit from recurring operations in the current and subsequent two years (three consecutive years). Average achievement of the annual budget targets in respect of profit from recurring operations in the current and subsequent two years (three consecutive years). Positioning of the total performance of the Pernod Ricard share compared with the total performance of a panel of 12 companies over three years.

17.11.2016

6,806 (2)

17.11.2016

8,989 (3)

No performance conditions (presence condition for three years).

The initial allocation was of 5,000 shares (the internal performance condition was 100% met). (1) The initial allocation was of 8,200 shares (the internal performance condition was 100% met and the external performance condition (sixth position in the (2) panel) confirmed the vesting of 83% of the shares initially allocated). Second third of the Exceptional Bonus Share Plan granted to the Executive Director in exchange for the elimination of the supplementary defined-benefit (3) pension scheme. This exceptional allocation was intended to compensate for vested rights and was not subject to any performance conditions. However, it spread the vesting of shares over a three-year period and includes a mandatory two-year lock-in period (see page 109 of the 2016/17 universal registration document).

Summary table of Mr Alexandre Ricard’s multi-year variable compensation Mr Alexandre Ricard did not receive any multi-year variable compensation during past financial years.

Change in the annual compensation due to Alexandre Ricard over the last financial years

€4,876,955

€4,766,477

00000

€7,294 €139,769

€7,417

€263,366

€4,134,613

€6,355

00000

€219,174

€1,649,892

€1,649,884

€3,338,865

€7,394

€284,603

€1,424,929

00000

€1,649,868

00000

€1,980,000

€1,745,810

€1,534,155

€297,000

00000

€1,100,000

€1,100,000

€1,100,000

€950,000

0

FY18

FY19

FY20

FY21

Fixed

Variable

LTI

Components related to post-employment benefits (LTI + cash)

Benefits in kind

80

PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021