PERNOD-RICARD - URD 2020-21

____ 2. CORPORATE GOVERNANCE SHAREHOLDERS’ MEETINGS AND ATTENDANCE PROCEDURES

Restriction on voting rights However, each member of the Shareholders’ Meeting has as many votes as shares he or she possesses and represents, up to 30% of the total voting rights. Double voting rights A double voting right is granted to other shares (in light of the fraction of the authorised share capital they represent) to all fully paid-up shares that can be shown to have been registered for at least ten years in the name of the same shareholder, from 12 May 1986 inclusive (article L. 22-10-46 of the French Commercial Code). In the event of a share capital increase through the capitalisation of reserves, profits or share premiums, registered shares allocated as bonus shares to a shareholder, on the basis of existing shares for which he or she benefits from this right, will also have double voting rights as from their issuance (article L. 22-10-46 of the French Commercial Code). Any share loses the double voting right if converted into bearer shares or if its ownership is transferred. Nevertheless, transfer following the division of an estate or the liquidation of assets between spouses and inter vivos donation to a spouse or relation close enough to inherit will not result in the loss of the acquired right and will not interrupt the aforementioned ten-year period. Declaration of statutory thresholds Any individual or corporate body acquiring a shareholding greater than 0.5% of the share capital must inform the Company of the total number of shares held by registered letter, with return receipt requested, within a period of 15 days from the date on which this threshold is exceeded. This notification must be repeated, under the same conditions, each time the threshold is exceeded by an additional 0.5%, up to and including 4.5%. In the event of non-compliance with the notification obligation mentioned in the previous paragraph, shares in excess of the undeclared amount shall be stripped of their voting rights, at the request, as set forth in the minutes of the Shareholders’ Meeting, of one or more shareholders holding at least 5% of the share capital, for any Shareholders’ Meeting held until the expiry of the period stipulated in article L. 233-14 of the French Commercial Code following the date when the notification is made. Modification of shareholders’ 2.12.4 rights The Extraordinary Shareholders’ Meeting has the power to modify shareholders’ rights, under the conditions defined by law.

The entry or recording of the shares in bearer share accounts kept by the authorised financial intermediary are acknowledged via a share certificate issued by the financial intermediary and attached as an appendix to the postal voting form, proxy form or application for an admission card made out in the name of the shareholder or on behalf of the shareholder represented by the registered financial intermediary. Any shareholder wishing to attend the Shareholders’ Meeting in person who has not received their admission card by 00.00 (Paris time) two business days before the Shareholders’ Meeting may also ask for such a certificate to be issued. If a shareholder does not attend the Shareholders’ Meeting in person, he or she may choose one of the following options: give a proxy to the Chairman of the Shareholders’ Meeting; give a proxy to a spouse or partner with whom he or she has entered into a civil union agreement, or to any other person; or vote by post or via the Internet. A shareholder who has already cast a postal or Internet vote, sent in a proxy form or applied for an admission card or a share certificate may sell all or some of his or her shares at any time. However, if the sale takes place before 00.00 (Paris time) on the second business day prior to the Shareholders’ Meeting, the Company will invalidate or modify accordingly, as appropriate, the postal or Internet vote cast, proxy form, admission card or share certificate. For this purpose, the authorised financial intermediary in charge of the shareholder’s account will inform the Company or its duly authorised agent of the sale and will provide it with the necessary information. No sale or other form of transaction carried out after 00.00 (Paris time) on the second business day prior to the Shareholders’ Meeting, regardless of the means used, will be notified by the authorised financial intermediary or taken into consideration by the Company, notwithstanding any agreement to the contrary. Furthermore, in view of the still uncertain situation with regard to the development of the Covid-19 epidemic, Pernod Ricard may have to change the attendance procedures for the Shareholders’ Meeting on 10 November 2021. We would therefore ask you to regularly check the Shareholders’ Meeting section on the Pernod Ricard website, which will confirm the final arrangements for attending this Shareholders’ Meeting depending on the sanitary and/or legal requirements. Voting conditions 2.12.3 The voting right attached to the shares is proportional to the share capital they represent. Each share grants the right to at least one vote (article L. 225-122 of the French Commercial Code).

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PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021