PERNOD RICARD - Universal Registration Document 2019-2020

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9. ABOUT THE COMPANY AND ITS SHARE CAPITAL Information about the share capital

Position on 30.06.2020

Position on 30.06.2019

Position on 30.06.2018

% of share capital

% of voting rights*

% of share capital

% of voting rights*

% of share capital

% of voting rights*

Number of shares

Shareholders

Treasury shares:

Shares held by affiliates

Own shares

4,747,588

1.79

0 1,596,503

0.60

0 1,195,168

0.45

Others and public

123,516,556 46.54

41.22 102,458,649 38.60 34.78 132,655,225 49.98 44.79

TOTAL 265,421,592 100.00 100.00 265,421,592 100.00 100.00 265,421,592 100.00 100.00 On the basis of declarations regarding the crossing of legal and statutory thresholds (0.5% of the share capital) notified to the Company principally during the past financial year. Although there is only one class of share, shares held for 10 years in registered form are entitled to double voting rights. Calculated on the basis of a total of 314,615,287 * “theoretical” voting rights (including suspended voting rights). Société Paul Ricard is wholly owned by the Ricard family. The declaration also covers a total of 169,868 shares held by Le Garlaban; 1,352,650 shares held by Le Delos (1) Invest I; 3,191,928 shares held by Le Delos Invest II; and 8,392,096 shares held by Le Delos Invest III. These four companies are controlled by Société Paul Ricard, under article L. 233-3 of the French Commercial Code. Full ownership of 8,392,094 Pernod Ricard shares held by Le Delos Invest III was transferred by way of a performance guarantee for its bonds in respect of a futures contract agreed on 10 April 2009. Mr Rafaël Gonzalez-Gallarza signed a shareholders’ agreement with Société Paul Ricard, as detailed below. (2)

Declaration of 2 March 2018. (3) Declaration of 22 June 2017. (4) Declaration of 18 May 2020. (5) Declaration of 19 June 2020. (6) Declaration of 2 June 2020. (7) Declaration of 23 June 2020. (8) Declaration of 18 October 2019. (9) Declaration of 22 May 2020. (10) Declaration of 18 December 2019. (11) Declaration of 22 January 2020. (12) Declaration of 2 March 2020. (13) Declaration of 20 February 2020. (14) Declaration of 11 May 2020. (15) Declaration of 3 June 2019. (16) Declaration of 1 October 2018. (17) Declaration of 1 July 2019. (18)

On December 3 2018, Elliott Capital Advisors L.P. informed Pernod Ricard of the holding, by the various Elliott funds, of 1,668,270 shares and 4,991,639 derivative (19) instruments (cash-settled equity swaps). However, the Elliott funds or their affiliates no longer appear on the company's registers, even after requests for information to financial intermediaries. Our requests for clarification to Elliott Capital Advisors L.P. remained unanswered. Declaration of 19 November 2018. (20)

Declaration of 12 June 2019. (21) Declaration of 5 June 2019. (22) Declaration of 20 March 2018. (23) Declaration of 10 October 2017. (24) Declaration of 18 December 2017. (25)

Shareholdings exceeding the legal thresholds for share capital or voting rights In a letter received on 4 December 2019, BlackRock Inc. (55 East 52nd Street, New York, NY 10055, USA), acting on behalf of the clients and funds it manages (1), declared that on 3 December 2019, it had exceeded the threshold of 5% of the share capital of Pernod Ricard, holding, on behalf of said clients and funds, 13,504,728 Pernod Ricard shares representing the equivalent number of voting rights, i.e. 5.09% of the Company’s share capital and 4.29% of the voting rights. In a letter received on 5 December 2019, BlackRock Inc., acting on behalf of the clients and funds it manages (1), declared that on 4 December 2019, it had dropped below the threshold of 5% of the share capital of Pernod Ricard, holding, on behalf of said clients and funds, 13,054,224 Pernod Ricard shares (2) representing the equivalent number of voting rights, i.e. 4.92% of the Company’s share capital and 4.15% of the voting rights. In a letter received on 16 December 2019, BlackRock Inc., acting on behalf of the clients and funds it manages (1), declared that on 13 December 2019, it had exceeded the threshold of 5% of the share capital of Pernod Ricard, holding, on behalf of said clients and funds, 13,322,646 Pernod Ricard shares representing the equivalent number of voting rights, i.e. 5.02% of the Company’s share capital and 4.23% of the voting rights.

Certain Company shares have a double voting right as described in the paragraph entitled “Voting conditions” of the subsection “Information about Pernod Ricard” above. Of the 265,421,592 shares comprising the Company’s capital on 30 June 2020, 52,018,820 shares had a double voting right. On the same date, employees held 3,132,107 shares representing 1.18% of the share capital and 1.57% of the voting rights of the Company. The Paul Ricard concert party (comprising: Société Paul Ricard, Le Delos Invest I, Le Delos Invest II, Le Delos Invest III, Le Garlaban and Rigivar, as well as Mses Danièle Ricard and Veronica Vargas and Messrs Rafaël Gonzalez-Gallarza, César Giron, François-Xavier Diaz, Alexandre Ricard and Paul-Charles Ricard) holds 43,436,429 Company shares representing 71,583,874 voting rights, i.e. 16.37% of the share capital and 22.55% of the voting rights of the Company as at 30 June 2020. The shareholders’ agreement between the Company’s shareholders (Mr Rafaël Gonzalez-Gallarza and Société Paul Ricard SA, held by the Ricard family), is described under “Shareholders’ agreement” in subsection 2.1.5 “Composition of the Board of Directors” of this universal registration document. It is also available on the website of the French Financial Markets Authority (AMF) (www.amf-france.org).

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