technicolor - 2019 Universal registration document

1 PRESENTATION OF THE GROUP SHARE CAPITAL AND SHAREHOLDING

II – DELEGATIONS TO ALLOW EQUITY-LINKED INSTRUMENTS FOR EMPLOYEES OR CORPORATE OFFICERS

Duration of the authorization and date of expiration 18 months September 23, 2021

Number of shares and percentage of capital likely to be issued 1% of the share capital as of the date of the Board of Directors' decision to proceed to such transaction 4,144,612 shares representing 1% of the share capital on April 26, 2018 3,000,000 shares representing 0.72% of the share capital on December 31, 2018

Type of the financial delegation

Amount used Amount available

Capital increase without preferential subscription rights, reserved to members of a group savings plan (7 th resolution of the AGM of March 23, 2020) Capital increase without preferential subscription rights, reserved to specific categories of beneficiaries – shareholding transactions for employees outside a group savings plan (19 th resolution of the AGM of April 26, 2018) Grant of free shares to all employees or certain categories of employees and/or officers (20 th resolution of the AGM of June 14, 2019) Overall limits on issuance (20 th resolution of the AGM of April 26, 2018)

None

None

18 months October 26, 2019

None

None

12 months June 13, 2020

2,657,000 shares granted (1)

343,000 shares available for allocation (2)

N/A

500 million

€165,784,471 representing 40% of the share capital on December 31, 2017

None

2,657,000 shares were granted by the Board of Directors in 2019. They will be issued in 2022, subject to the achievement of presence conditions as laid down in the plan (1) regulations (See section 4.2.4: “Details on Stock Option Plans and Performance or Restricted Share Plans” under Chapter 4 “Corporate governance and compensation”). In consideration of the 2,657,000 shares granted in 2019, 343,000 shares remain available for allocation by the Board of Directors under this authorization. (2)

Dividend policy 1.4.4 GRI [201-1]

Any payment of dividends or other distributions depends on the Company’s financial condition and results of operations, especially net income, and its investment policy. Upon proposal of the Board of Directors, it will not be proposed to the Annual General Meeting to be held to approve the financial statements for the fiscal year ended December 31, 2019, to pay any dividend with respect to fiscal year 2019. Upon proposal of the Board of Directors, with respect to fiscal year 2018, the General Shareholders’ Meeting of June 14, 2019 decided not to pay a dividend. Upon proposal of the Board of Directors, with respect to fiscal year 2017, the General Shareholders’ Meeting of April 26, 2018 decided not to pay a dividend.

Upon proposal of the Board of Directors, with respect to fiscal year 2016, the General Shareholders’ Meeting of May 24, 2017 voted the payment of a dividend of €0.06 per share, which was paid in cash as of June 23, 2017. Pursuant to the provisions of Article 243 bis of the French tax Code (Code général des impôts), the 40% tax deduction provided for by Article 158 3.2° of the French tax Code applied to this dividend for the gross amount paid to individuals having their tax residence in France. Furthermore, the Term Loan Debt and the RCF agreements contain clauses restricting the Company’s ability to declare or pay dividends (see note 8.3 to the consolidated financial statements: “Borrowings”).

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019