technicolor - 2020 Universal Registration Document

4 CORPORATE GOVERNANCE AND COMPENSATION COMPENSATION

Date of Shareholders’ Meeting Performance Conditions and beginning date of exercibility

Plan MIP 2015 May 23, 2013

Plan MIP 2016 May 23, 2013

Plan MIP June 2017

Plan MIP October 2017

May 23, 2013

May 23, 2013

Generation of consolidated Free Cash Flow

Generation of consolidated Free Cash Flow

Generation of consolidated Free Cash Flow

Generation of consolidated Free Cash Flow

Tranche 1

for fiscal year 2014 equal or greater than €100 million for fiscal year 2015 equal or greater than €100 million for fiscal year 2016 equal or greater than €100 million

50%: May 23, 2015

for fiscal year 2015 equal or greater than €100 million for fiscal year 2016 equal or greater than €100 million for fiscal year 2017 equal or greater than €75 million

50%: June 20, 2016 October 21, 2016 75%: June 20, 2017 October 21, 2017 100%: June 20, 2018 October 21, 2018

for fiscal year 2016 equal or greater than €100 million for fiscal year 2017 equal or greater than €75 million for fiscal year 2018 equal or greater than €100 million

50%: June 26, 2017

for fiscal year 2016 equal or greater than €240 million for fiscal year 2017 equal or greater than €260 million for fiscal year 2018 equal or greater than €320 million

50%: October 19, 2017

Tranche 2

75%: May 23, 2016

75%: June 26, 2018

75%: October 19, 2018

Tranche 3

100%: May 23, 2017

100%: June 26, 2019

100%: October 19, 2019

Number of shares subscribed as of December 31, 2020 (after adjustments) (2)(3) Number of options cancelled since the beginning of the plan (after adjustments) (2)(3) Number of options cancelled during the 2020 exercise (after adjustments) (2)(3) Number of outstanding options at the end of the exercise (after adjustments) (2)(3) Exercise price (after adjustments) (2)(3)

262,405

1,539

0

0

239,929

97,440

6,728

54,258

76,940

19,970

0

6,480

151,559

98,049

2,884

9,076

May 23: €86.13 June 7: €86.13 October 24: €106.11 December 18: N/A (3) March 26: €122.31

June 20: €156.33 October 21: €132.84 April 9: €157.41

October 19: €191.97

June 26: €158.76

Information provided pursuant to Article L. 225-184 of the French Commercial Code. (1) November 2015 - capital share increase - adjustment coefficient: 1,037937866. (2) November 2020 – reverse share split (see Chapter 1 – section 1.4.1 for details of this operation) - adjustment coefficient: 27. (3)

As of December 31, 2020, the total outstanding options under the plans amounted to 261,568 subscription options to the benefit of 55 beneficiaries. If all subscription options under the Stock Option Plans mentioned above were exercised, Technicolor’s share capital would be composed of 236,057,051 ordinary shares, i.e. a 0.11% increase in the number of shares from December 31, 2020. In accordance with Article L. 225-184 of the French Commercial Code, it is noted that no option was granted nor exercised in 2020.

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