PSA_GROUP_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2017 Notes to the consolidated financial Statements at December 2017

Personnel costs arising from the performance share plan characteristics At year-end 2017 the plan covers a maximum total of 2,334,942 shares, resulting in the delivery of treasury shares. For the purposes of calculating personnel costs, the weighted average fair value of the shares notified is €15.38. The personnel expenses associated with this plan, measured in accordance with IFRS 2, was €7.5 million for 2017, excluding payroll taxes.

Faurecia performance share plan (2) In 2010, Faurecia established a performance share plan for executives of Group companies. These shares are subject to service and performance conditions. The amount recognised in income for the period is an expense of €21.1 million (compared with an expense of €17.8 million in 2016).

The details of performance share plans at year-end 2017 are provided in the following table:

Maximum number of performance shares (1) due if: objective achieved objective exceeded

(number of shares)

Date of Managing Board decision: 23/07/2015

570,122 687,711 617,595

741,081 894,665 802,830

25/07/2016 20/07/2017

Net of free shares granted cancelled. (1)

Following achievement of the performance target in the plan awarded by the Board on 24 July 2013, 947,050 shares were delivered in July 2017. In light of the achievement of the performance targets in the plan awarded by the Board on 28 July 2014, 761,865 shares will be delivered in July 2018.

MANAGEMENT COMPENSATION 7.3. The Group is managed by the Managing Board. The Group’s management bodies correspond to the Group Executive Committee, which includes the members of the Managing Board and other members of executive management. The compensation details provided in the table above do not include payroll taxes. The amount of compensation paid to members of

management bodies, including accrued variable compensation, is provisional. The fixed compensation of the Managing Board members was constant in 2017.

Notes

2017

2016

(in million euros)

Number of Executive Committee members at 31 December Fixed & variable compensation and other short-term benefits (excluding pensions)

18

18

22.2

17.2

Stock option and performance share costs (1) 6.9 This is the portion of the IFRS 2 expense for the period relating to the Managing Board’s members and other members of the Executive (1) Committee. 7.2 4.8

Furthermore, the expense recognised in 2017 for the contribution to the new defined contribution pension plan totalled €4.8 million for the members of the Managing Board and the other members of the Executive Committee and breaks down into €2.4 million paid to a pension fund and €2.4 million paid in cash to the beneficiaries (taking into account a scheme based on taxation upon first deposit). Details of the performance shares granted in 2015, 2016 and 2017 granted to members of the managing bodies and still exercisable at period-end, can be found in the following table:

2017

2016

(number of options)

Performance shares held at 31 December

1,670,000

1,585,000

Besides, members of the Group’s management bodies are not entitled to any long-term benefits apart from pension benefits and the performance shares under the plans referred to above, or any other forms of share-based payments or any compensation for loss of office.

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GROUPE PSA - 2017 REGISTRATION DOCUMENT