PERNOD RICARD - Universal Registration Document 2019-2020

2. CORPORATE GOVERNANCE Compensation policy

History of allocations of performance-based shares – Situation as at 30 June 2020 (Table 10 AMF nomenclature)

Plan dated 06.11.2015 06.11.2015 06.11.2015

Plan dated 17.11.2016

Plan dated 09.11.2017 06.11.2015 09.11.2017

Plan dated 21.11.2018 06.11.2015 21.11.2018

Plan dated 08.11.2019 08.11.2019 08.11.2019

Date of authorisation by Shareholders’ Meeting

06.11.2015

Date of Board of Directors’ meeting

17.11.2016

Number of performance-based shares allocated

418,923

461,376

371,511 13,820 11,820 2,000

341,313

269,474 12,566 10,570

of which to the corporate officers of Pernod Ricard SA

10,650

15,815

14,356

of which to Mr Alexandre Ricard

8,500

13,200

12,441

of which to Mr César Giron

2,150

2,615

1,915

1,996

Vesting date of the performance-based shares

07.11.2019 07.11.2019

18.11.2020 18.11.2020

10.11.2021 10.11.2021

22.11.2022 22.11.2022

09.11.2023 09.11.2023

End date for share lock-in period Presence of performance condition

Yes

Yes

Yes

Yes

Yes

Number of performance-based shares cancelled  (1) of which allocated to Mr Alexandre Ricard of which allocated to Mr César Giron Vested performance-based shares  (3) Unvested performance-based shares  (4)

89,150

94,219

170,396

132,456

93,475

1,870

1,394

11,820

0 (2) 651 545

0  (2) 679 293

680 592

329,773

740

0 175,706 All performance-based shares are subject to performance conditions and the beneficiaries must still be working for the Company. Performance-based shares vest after four years subject to the continued presence of the beneficiaries in the Company at the vesting date. Performance-based shares cancelled after the beneficiaries ceased to meet the continuous service condition (through resignation or redundancy) or failed to meet the (1) performance conditions. During FY20, all the shares awarded under the 2016 plan were confirmed in application of the performance condition (they remain subject to the condition of continued presence in the Company until 17 November 2020). For the double-condition shares granted to Mr Alexandre Ricard, in 2016 the external performance condition confirmed 83% of the quantities initially allocated. It also includes performance shares that are no longer applicable due to the 66% cap on the achievement of the performance condition under the 2017, 2018 and 2019 plans (excluding the Executive Director), as well as the full allocation of performance shares made to Mr Alexandre Ricard. Since the above-mentioned limit imposed by the Board of Directors does not apply to Mr Alexandre Ricard, the level of achievement of the performance condition will only (2) be measured at the end of FY21 and FY22. No cancellation of performance shares under the 2018 and 2019 plans has been recorded to date for Mr Alexandre Ricard. Allocated shares that vested and were transferred to the beneficiaries. Shares relating to plans in the process of vesting were transferred in advance to the beneficiaries (3) following the death of several beneficiaries. For the 2015, 2016 and 2017 plans, the performance condition was evaluated in full. For the 2018 and 2019 plans, it will only be evaluated at the close of FY21 and FY22 (4) respectively. The capping at 66% of the achievement of the performance condition due to the Covid-19 pandemic has been taken into account (excluding the Executive Director). 366,417 200,523 208,312

Performance-based shares granted to the top 10 employees other than corporate officers and shares definitively vested by the latter during FY20

Number of shares allocated / vested

Value of the shares (1) (in euros)

Plans

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 Options 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. 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 and incentive 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. Value of shares according to the method used for the consolidated financial statements (IFRS). (1)

15,935

€153.67

08.11.2019

33,428

€98.07

06.11.2015 / 17.11.2016

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 pensions and other long-term employee 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. Compensation of Executive Committee members The Compensation Committee members are kept regularly informed of changes in the compensation given to members of the Executive Committee.

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Pernod Ricard Universal Registration Document 2019-2020