PERNOD RICARD - Universal Registration Document 2019-2020

2. CORPORATE GOVERNANCE Compensation policy

Amounts paid during the past financial year

Amounts allocated during the past financial year €142,312 (total IFRS value of performance-

Components of compensation Supplementary pension scheme

Remarks

In exchange for the elimination of the supplementary defined-benefit retirement — plan, on 31 August 2016, the Board of Directors’ decided to grant Mr Alexandre Ricard an annual component equal to 10% of his fixed and variable annual compensation in the form of a grant of performance-based shares (5%) and cash (5%), starting in 2017. This decision was approved by the Shareholders’ Meeting of 17 November 2016 (16 th  resolution). Grant of: — 463 performance-based shares, subject to an internal condition; and — 748 performance shares subject to an external condition. — The performance, presence and lock-in conditions applicable to these allocations are the same as those provided for in the Group’s overall performance-based share allocation plan in force on the grant date (described in the subsections “Allocation of stock options” and “Allocation of performance-based shares” in subsection 2.8.2 above). On the same principle as for grants of performance-based shares, Mr Alexandre Ricard is subject to lock-in obligations (see the subsection “Stock option and performance-based share allocation policy” in subsection 2.8.2 above). Mr Alexandre Ricard has undertaken to invest the cash payment, net of social — security contributions and tax, in investment vehicles dedicated to financing his supplementary pension. Mr Alexandre Ricard qualifies for the collective healthcare and welfare schemes — offered by the Company under the same terms as those applicable to the category of employees to which he belongs for the determination of his welfare benefits and other additional components of his compensation. In accordance with the regulated agreements and commitments procedure, — the items above were approved by the Shareholders’ Meeting of 17 November 2016 (5 th  resolution).

based shares with internal and external performance conditions)

€142,291 (payment in cash of 5% of the fixed and variable annual compensation)

€142,291 (payment in cash of 5% of the fixed and variable annual compensation)

Collective healthcare and welfare schemes

Other benefits

€7,394

€7,394

Mr Alexandre Ricard benefits from a company car. —

N/A: not applicable.

Summary of components of the compensation due or granted to Mr Alexandre RICARD for the financial year Summary table of compensation paid and options and shares granted to Mr Alexandre RICARD (Table 1 AMF nomenclature) € FY19

FY20

Compensation due for the financial year  (1)

2,853,227

1,404,394  (2)

Value of multi-year variable compensation allocated during the financial year

N/A

N/A

Value of options granted during the financial year

549,996

549,985

Value of performance-based shares allocated during the financial year

1,099,888

1,099,882

Value of performance-based shares allocated during the financial year in respect of the supplementary pension scheme  (3)

131,658

142,312

Supplementary cash payment in respect of the supplementary pension scheme  (3)

131,708

142,291

TOTAL

4,766,477

3,338,865  (2)

N/A: not applicable. This total includes the use of a company car. (1) The amount of the bonus due for the year will be subject to the ex-post vote of the shareholders. (2) Annual component equal to 5% of fixed and variable compensation. (3)

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Pernod Ricard Universal Registration Document 2019-2020