technicolor - 2020 Universal Registration Document

4 CORPORATE GOVERNANCE AND COMPENSATION CORPORATE GOVERNANCE

BOARDMEETING HELDONMAY 7, 2020 ATTENDANCE OF 100% Acknowledged the difficulties - due to market conditions and Covid-19 crisis – to launch the capital increase initially planned and approved • by the Shareholders’ Meeting held on March 23, 2020 and decided to find an alternative financial plan Set up an Ad Hoc Committee in relation with the contemplated financial restructuring • Examined again the situation and impacts of the Covid-19 crisis • Approved a litigation settlement • Updated 2020 budget and 2020-2022 business plan • Reviewed the Board’s composition and approved the proposals to be made to the shareholders with this regard • Convened the Annual General Shareholders’ Meeting on June 30, 2020 • ATTENDANCE OF 100% Reviewed the Ad Hoc Committee’s report and approved its recommendation to move forward with the financial alternative plan to the capital • increase approved on March 23 (this project would consist in raising new financing to cover Technicolor’s needs and enable the $110 million bridge loan to be repaid at the end of July, accompanied by a restructuring of the debt, with, as a first step, the opening of conciliation proceedings with the Company’s creditors) Approved the main terms of a Long-Term Incentive Plan (LTIP) and of an Investment & Incentive Plan, and the related resolutions to be • proposed to the Shareholders’ Meeting Granted delegation to the Chief Executive Officer for the purpose of granting sureties, endorsements and guarantees up to an overall limit of • €450 million BOARDMEETING HELDONMAY 15, 2020

BOARDMEETING HELDONMAY 25, 2020

ATTENDANCE OF 100%

Update on ongoing negotiations with external creditors and lenders • Solicitation of applications for waivers from certain creditors and related to the subsequent conciliation procedure •

BOARDMEETING HELDON JUNE 5, 2020

ATTENDANCE OF 100%

Appointed an independent expert to assess the fairness of the proposed debt restructuring •

BOARDMEETING HELDON JUNE 11, 2020

ATTENDANCE OF 100%

Update on the refinancing plan •

BOARDMEETING HELDON JUNE 17, 2020

ATTENDANCE OF 100%

Update on the ongoing negotiations with lenders and potential new money providers as part of the conciliation proceedings • Authorized the execution of a regulated agreement (lock-up) with Bpifrance Participations in accordance with Article L. 225-38 of the French • Commercial Code Approved the finalization and the execution of waiver letters with the Company’s creditors, subsequent accelerated financial proceedings and • related Chapter 15 recognition proceedings

BOARDMEETING HELDON JUNE 22, 2020

ATTENDANCE OF 100%

Update on financial restructuring • Convened a combined General Shareholders’ Meeting on July 20, 2020 • Approved the terms of the Safeguard Plan •

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020 106