technicolor - 2020 Universal Registration Document

CORPORATE GOVERNANCE AND COMPENSATION COMPENSATION

LTIP 2018

LTIP 2019

LTIP 2020

LTIP 2017

Date of Shareholders’ Meeting

April 29, 2016 April 29, 2016 June 14, 2019

June 30, 2020

Number of shares acquired as of December 31, 2020 (after adjustments) (1)

56,700

-

-

-

-

Number of forfeited shares since the beginning of the plan (after adjustments) (1) Number of forfeited shares cancelled during the 2020 exercise (after adjustments) (1) Number of shares susceptible to be acquired on December 31, 2020 (after adjustments) (1)

110,155

3,038

13,956

-

-

64,102

1,668

12,190

-

-

-

20,548

93,645

2,074,490

754,656

November 2020 – reverse share split (see Chapter 1 – section 1.4.1 for details of this operation) - adjustment coefficient: 27 (Number of shares before/after adjustment divided (1) by 27 rounded to the inferior unit). Information provided pursuant to Article L. 225-184 of the French Commercial Code. (2) As of December 31, 2020, the total outstanding shares under the plans amounted to 2,943,339 shares, i.e. 1.25% of the share capital as of December 31, 2020. In accordance with Article L. 225-184 of the French Commercial Code, it is noted that 56,700 shares were acquired in 2020 under those plans. Long-Term Incentive Plan – LTIP 2020 Upon recommendation of the Remunerations Committee, the Board of Directors, making use of the authorization given by the Shareholders’ Meeting of June 30, 2020 in its 25 th resolution, granted Performance Shares and Restricted Shares. Restricted Shares are submitted to all the terms and the conditions of the LTIP 2020 plan rules, except to the performance conditions which apply only to Performance Shares. The Chief Executive Officer and the members of the Executive Committee are entitle to receive only Performance Shares. The table below summarizes the characteristics of these grants.

4

Long-Term Incentive Plans 2020 – LTIP 2020 Shareholders’ Meeting authorizing the attributions Remunerations Committee recommending the grants

June 30, 2020 (25 th resolution)

December 16, 2020 December 17, 2020

Board of Directors approving grants

Performance Shares

Restricted Shares

Number of beneficiaries, as of December 31, 2020 (1) Number of outstanding shares, as of December 31, 2020

101

100

2,074,490 representing 0.9% of the share capital At grant 3 rd anniversary date

754,656 representing 0.3% of the share capital At grant 3 rd anniversary date

Vesting period Acquisition date Holding Period

December 17, 2023

None except for: the CEO who should retain in registered form, until the end of • his term of office, 20% of the vested Performance Shares; the members of the Executive Committee who should retain, until • the term of their contracts, at least 10% of the vested Performance Shares (1) .

Delivery Date No later than April 30, 2024 The grant of Performance Shares to the members of the Executive Committee under the LTIP 2020 was decided by the Board of Directors on March 24, 2021. 1,424,899 (1) Performance Shares were granted and allocated between Executive Committee’s members. These Performance Shares have the same characteristics as those granted to the Chief Executive Officer (except for some exceptions to the Continued Employment conditions which are specific for the CEO). For this grant made on March 24, 2021, the acquisition date shall be March 24, 2024.

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020 143