PSA - 2019 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2019 Notes to the Consolidated Financial Statements at 31 December 2019

Expenses recognised in the statementof income F. These expenses are recordedas follows: servicecostis recordedunder“Selling,generalandadministrative n expenses”; theimpactof restructuring is reportedunder“Restructuring costs”; n

interest cost and the normative return on external funds are n recordedunder “Other financial expenses”and “Other financial income”respectively. Pension expenses break downas follows:

2019

2018

2017

United Kingdom Germany Other Total France

United Kingdom Germany Other Total France

United Kingdom Germany Other Total

France

(inmillioneuros) Service cost Interest cost

(40) (26)

(36) (64)

(96) (28)(200) (42) (53) (8) (151) (22)

(41) (59)

(109) (14)(206) (49)

(62)

(48) (14) (173)

(50)

(9) (140) (24)

(56)

(26)

(7) (113)

Normative return on external funds

14

77

44 7 142 12

72

45

5 134 13

75

22

4 114

Pastservice cost

-

-

-

-

-

-

(6)

-

6 -

-

-

-

-

-

Effect of curtailments and settlements Total(beforeminimum fundingrequirement liability) Changein minimum funding requirement liability (IFRIC14)

59

(7)

12 23 87 4

(4)

4

3 7

1

-

-

-

1

7 (30)

(93) (6) (122) (48)

(38)

(110)

(9)(205) (59)

(43)

(52) (17) (171)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL

7 (30)

(93) (6) (122) (48)

(38)

(110)

(9)(205) (59)

(43)

(52) (17) (171)

SHARE-BASED PAYMENT 7.2.

Stock options and performanceshares are granted to Group managementand certain employeesunder equity-settledshare-based payment plans. These plans arecognised in accordancewith IFRS 2 –Share-based Payment .

Employee stock options A. Noplan wasawardedbetween 2009 and2019. The last plan expiredon19 August2016. Performance shareplans B.

Peugeot S.A. performance share plans (1) Main features ofthe performance share plans

2015 plan 2016 plan 2017 plan 2018 plan 2019 plan 24/03/2013 27/04/2016 27/04/2016 27/04/2016 28/04/2018 27/02/2015 02/06/2016 10/04/2017 09/04/2018 20/05/2019

Total

Date of Shareholders’ Meeting Managing Board meeting date

31/03/2017 for French tax residents 31/03/2019 for non-French tax residents

30/06/2019 (Fraction 1) 30/06/2020 (Fraction 2)

14/04/2020 (Fraction 1) 14/04/2021 (Fraction 2)

10/04/2021 (Fraction 1) 10/04/2022 (Fraction 2)

23/05/2022 (Fraction 1) 23/05/2023 (Fraction 2)

Vesting date of shares

Weighted average fair value at the grant date Total number of shares granted Oustanding shares unvested at 1 January 2017

€15,13

€11,71

€15,38

€18,48

17,69 €

2,438,000 2,200,000

-

- - - -

- 4,638,000 - 2,693,000 - (2,019,000) - (105,000) - 5,207,000 - 2,700,000

Granted Vested

-

- 2,693,000

(2,019,000)

-

-

Cancelled or forfeited

(40,000)

(33,500)

(31,500)

Oustanding shares unvested at 1 January 2018

379,000 2,166,500 2,661,500

-

Granted Vested

- -

- -

- 2,700,000

-

-

-

-

Cancelled or forfeited

(13,000) (106,000) (109,000)

(82,500)

- (310,500)

Oustanding shares unvested at 1 January 2019

366,000 2,060,500 2,552,500 2,617,500

- 7,596,500

Granted Vested

-

-

- -

- 3,100,000 3,100,000

(358,000) (1,014,000)

-

- (1,372,000)

Cancelled or forfeited

(8,000)

(32,500) (100,500) (93,000)

(18,500) (252,500)

OUSTANDING SHARES UNVESTED AT 31 DECEMBER 2019

- 1,014,000 2,452,000 2,524,500 3,081,500 9,072,000

201

PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT