PERNOD-RICARD - URD 2020-21

____ 2. CORPORATE GOVERNANCE COMPENSATION POLICY

History of allocations of performance shares – Situation as at 30 June 2021 (Table 10 AMF nomenclature)

LTIP 2015 LTIP 2016 LTIP 2017 LTIP 2018 LTIP 2019 LTIP 2020

Plan number

27A, 27C 28A, 28C 29A, 29C 30A, 30C 31A, 31C 32A, 32C

Date of authorisation by Shareholders’ Meeting

06.11.2015 06.11.2015 06.11.2015 06.11.2015 08.11.2019 08.11.2019

Date of Board of Directors’ meeting

06.11.2015 17.11.2016 09.11.2017 21.11.2018 08.11.2019 27.11.2020

Number of performance shares awarded

418,923

461,376

371,511

341,313 269,474 270,838

Of which to corporate officers of Pernod Ricard SA

10,650

15,815

13,820

14,356

12,566

12,436

Of which to Mr Alexandre Ricard

8,500

13,200

11,820

12,441

10,570

10,358

Of which to Mr César Giron

2,150

2,615

2,000

1,915

1,996

2,078

Vesting date of the performance shares

07.11.2019 18.11.2020 10.11.2021 22.11.2022 09.11.2023 28.11.2024

End date for share lock-in period

07.11.2019 18.11.2020 10.11.2021 22.11.2022 09.11.2023 28.11.2024

Presence of performance condition

Yes

Yes

Yes

Yes

Yes

Yes

Number of performance shares cancelled (1)

89,150 101,234

184,574

147,462

102,761

3,172

Of which those of Mr Alexandre Ricard

1,870

1,394

11,820

489

-

-

Of which those of Mr César Giron

0

0

680

651

679

-

Number of performance shares vested (2)

329,773

360,142

592

545

293

-

Unvested performance shares (3)

0

0 186,345

192,817

166,420 267,666

All performance shares are subject to performance conditions and the beneficiaries must still be working for the Company. Performance shares vest after four years subject to the continued presence of the beneficiaries in the Company at the vesting date. Performance shares cancelled after the beneficiaries ceased to meet the continuous service condition (through resignation or redundancy) or failed to meet (1) the performance conditions. During FY21, 66% of the shares granted under the 2017 plan were confirmed following the exceptional adjustment on the internal performance condition decided by the Board of Directors (they remain subject to the condition of presence until 9 November 2021), with the exception of the Executive Director. For the shares awarded to Mr Alexandre Ricard in 2017, the shares were cancelled in full. Allocated shares that vested and were transferred to the beneficiaries. Shares relating to plans in the process of vesting were transferred in advance to the (2) beneficiaries following the death of several beneficiaries. For the 2015, 2016 and 2018 plans, the internal performance condition was evaluated in full. For the 2018 plan, the external performance condition applicable (3) to the Executive Director will be assessed in November 2021. For the 2019 and 2020 plans, the internal performance condition will be assessed at the end of FY22 and FY23 respectively.

Performance shares granted to the top 10 employees other than corporate officers and vested shares received by the latter during FY21

Value of the shares (1) (in euros)

Number of shares allocated/vested

Plans

Options allocated during the financial year by the issuer and any companies within its Group granting options to the top 10 employees of the issuer and any such Group company, receiving the highest number of options Shares vested during the financial year by the top 10 employees of the issuer and any companies within its Group, receiving the highest number of shares

21,993

147.6

27.11.2020

23,000

94.85

17.11.2016

Value of shares according to the method used for the consolidated financial statements (IFRS). (1)

Pernod Ricard has not issued any other options granting access to shares reserved for its Executive Directors or the top 10 employees of the Company and all companies within its Group granting options.

85

PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021