technicolor - 2020 Universal Registration Document

FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 9 - Employee benefit

Number of instruments initially granted (2)

Number of instruments outstanding (2)

Estimated fair values granted (1)(2)

Initial number of beneficiaries

Contractual instrument life

Exercise price (1)(2)

Type of plan Performance shares Performance shares Performance shares Performance shares Performance shares

Grant date

Vesting date June 2022

2019 LTIP**

June 14, 2019

7,407

7,407

1

-

-

€20.74

2019 LTIP**

July 24, 2019

88,197

175

June 2022

-

€20.74

-

77,028

2019 LTIP**

November 5, 2019

2,739

2,739

4

June 2022

-

€20.74

-

2019 LTIP**

January 30, 2020

9,258

6,471

2

June 2022

-

€16.20

-

2020 LTIP**

December 17, 2020

2,829,146

2,829,146

101

December 2023

-

€1.82

€1.23

Management Incentive Plans (MIP) (see description above). * Long-Term Incentive Plan (LTIP) (see description above). **

Exercise prices, fair value and number of options outstanding were modified following the 2015 capital increase. (1) Exercise prices, fair value and number of options outstanding were modified following the 2020 share consolidation. (2)

CHANGES IN OUTSTANDING OPTIONS & FREE SHARES 9.3.2 Movements in the number of options and free shares outstanding with their related weighted average exercise prices are as follows for 2020 and 2019: Number of options and free shares (2) Weighted Average Exercise Price (in euros) (2) Outstanding as of December 31, 2018 (with an average remaining contractual life of 4 years – excluding free shares) 634,661 116.10 (ranging from 0 to 189) Of which exercisable 394,519 116.10 Granted (1) 98,407 20.79 Delivered (Free Share Plan) - Delivered (MIP) - Forfeited & other (128,447) 153.90 Outstanding as of December 31, 2019 (with an average remaining contractual life of 3 years – excluding free shares) 604,621 92.61 (ranging from 0 to 189) Of which exercisable 364,953 111.78 Granted (1) 2,838,404 1.28 Delivered (Free Share Plan) (1) (56,700) 102.7 Delivered (MIP) - Forfeited & other (181,418) 98.21 Outstanding as of December 31, 2020 (with an average remaining contractual life of 2 years – excluding free shares) 3,204,907 11.23 (ranging from 0 to 189) Of which exercisable 261,568 114.24 Related to 2019 and 2020 Long-Term Incentive Plan (LTIP). (1) Exercice price and number of options outstanding were modified following the 2020 share consolidation. (2)

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