PERNOD-RICARD - URD 2021-22 EN

Corporate governance Compensation report

Performance shares granted to the top 10 employees other than corporate officers and vested shares received by the latter during FY22

Number of shares allocated/vested

Value of the shares (1) (in euros)

Plans

118.08 (external condition) 193.82 (internal condition)

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

26,908

10.11.2021

11,377

119.15

09.11.2017

2.

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.

Employee profit-sharing plans All employees of the Group’s French companies are eligible for profit-sharing agreements based on the results of each specific entity. In line with the Group’s decentralised structure, the terms and conditions of each of these agreements are negotiated at the level of each entity concerned. Similarly, outside France, the Group encourages all affiliates to implement local agreements enabling employees to share in the profits of the entity to which they belong. Profit-sharing agreements of this type exist in countries including Ireland and the United Kingdom: in each of these countries, employees may potentially receive Pernod Ricard shares based on their entity’s annual results. Provisions for pension benefits Details of the total amount of provisions recorded or otherwise recognised by the issuer for the payment of pensions are set out in Note 4.7 – Provisions in the Notes to the consolidated financial statements . Equity ratio between the level of compensation of Mr Alexandre Ricard, Chairman and CEO, and the average and median compensation of the Company’s employees Information concerning the ratios between the compensation of the Chairman and CEO and the average and median compensation of the Company’s employees is presented below in accordance with the provisions of article L. 22-10-9 of the French Commercial Code.

Calculation method The average and median compensation was established on a full-time equivalent basis for the Company’s employees other than the Chairman and CEO. This compensation, taken into account on a gross basis, includes the following elements: fixed compensation, variable annual compensation, additional payments under the supplementary defined-contribution pension scheme, employee savings schemes and long-term incentive measures valued at their fair value at the date of allocation, as recognised in the consolidated financial statements in accordance with IFRS 2. This valuation corresponds to a historical value at the grant date calculated for accounting purposes. It does not represent a current market value, nor the value that could be received by the beneficiary upon the eventual vesting of these securities, especially if the performance conditions are not met. The scope of employees included only covers employees who were present continuously for two consecutive financial years. For part-time employees, compensation has been established on the basis of full-time equivalents. The ratios and annual changes in compensation were calculated on the basis of the gross compensation components paid or awarded in the current year (thus including the variable compensation and profit-sharing allocated in respect of the prior year). The legal scope of this information covers Pernod Ricard SA. In addition, in accordance with recommendation 26.2 of the AFEP-MEDEF Code, the ratios are also published for a broader scope, representative of the Group’s business in France, including Pernod Ricard SA and all direct and indirect affiliates located in France.

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Pernod Ricard Universal Registration Document 2021-2022

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