PERNOD RICARD - Universal Registration Document 2019-2020

2. CORPORATE GOVERNANCE Compensation policy

Performance-based shares granted to Mr Alexandre RICARD by the Company and any Group companies during the financial year (Table 6 AMF nomenclature)

Value of shares according to the

Number of shares awarded during the period

method used for the consolidated financial statements (IFRS)

Date of plan

Performance conditions

Acquisition date

Vesting date

08.11.2019

3,579

€549,973

09.11.2023

09.11.2023

Average achievement of the annual budget targets in respect of profit from recurring operations in the current and subsequent two years (three consecutive years). Average achievement of the annual budget targets in respect of profit from recurring operations in the current and subsequent two years (three consecutive years). Positioning of the total performance of the Pernod Ricard share compared with the total performance of a panel of 12 companies over three years. Positioning of the total performance of the Pernod Ricard share compared with the total performance of a panel of 12 companies over three years.

08.11.2019

463  (1)

€71,148

09.11.2023

09.11.2023

08.11.2019

5,780

€549,909

09.11.2023

09.11.2023

08.11.2019

748  (1)

€71,165

09.11.2023

09.11.2023

Allocation under the supplementary pension scheme. (1)

Performance-based shares vested to Mr Alexandre RICARD during the financial year (Table 7 AMF nomenclature)

Number of shares vested during the period

Date of plan

Conditions of acquisition

06.11.2015

3,000  (1)

Average achievement of the annual budget targets in respect of profit from recurring — operations in the current and subsequent two years (three consecutive years). Average achievement of the annual budget targets in respect of profit from recurring — operations in the current and subsequent two years (three consecutive years). Positioning of the total performance of the Pernod Ricard share compared with the total — performance of a panel of 12 companies over three years.

06.11.2015

3,630  (2)

17.11.2016

8,989  (3)

No performance conditions (presence condition for three years).

The initial allocation was 3,000 shares (the internal performance condition was 100% met). (1) The initial allocation was 5,500 shares (the internal performance condition was 100% met and the external performance condition confirmed the vesting of 66% of the (2) shares initially allocated). First third of the Exceptional Bonus Share Plan granted to the Executive Director in exchange for the elimination of the supplementary defined-benefit pension scheme. (3) This exceptional allocation was intended to compensate for vested rights and was not subject to any performance conditions. However, it spread the vesting of shares over a three-year period and includes a mandatory two-year lock-in period (see page 109 of the FY17 Registration Document).

Summary table of Mr Alexandre RICARD’s multi-year variable compensation

Mr Alexandre Ricard did not receive any multi-year variable compensation during past financial years.

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Pernod Ricard Universal Registration Document 2019-2020