technicolor - 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS Note 10 - Employees benefits

Interest rate hedging operations 9.3 The Group has two interest rate hedging instruments outstanding at December 31, 2020. These instruments hedge future interest charges of the Group, which are principally indexed on a floating rate as shown in note 9.2. The main characteristics are the following ones: Notional Hedge Issuance Maturity Fair value (1) Interest rate swap €240 million Receive 3m EURIBOR (2) /pay 0.22% May 2018 November 2021 (1) Cap $145 million 3m LIBOR capped at 3.00% May 2018 November 2021 - FAIR VALUE (1) Market value in millions of euros at December 31, 2020. (1) EURIBOR floored at 0%. (2) Commitments relating to financial instruments 9.4 As commented in note 1.2.3, the Company uses exchange derivative instruments to hedge the foreign exchange risk arising in particular of the guarantees given to affiliate companies of the Group. As of December 31, 2020, these derivative instruments can be detailed as follows: Currency Notional (1) Maturity Market value (2) Forward and swaps instruments USD/GBP 54 2021 (1) Forward and swaps instruments USD/MXN (40) 2021 - Forward and swaps instruments EUR/AUD 23 2021 - Forward and swaps instruments EUR/GBP 18 2021 - Forward and swaps instruments Others - MARKET VALUE (1)

Forward buy/sale (net amount) in millions of the 1 st currency. (1) Market value in million of euros as of December 31, 2020. (2)

As of December 31, 2020, the Company does not have any outstanding instruments that are not documented as hedges.

Employees benefits NOTE 10 Information on employees 10.1

2020

2019

Executives

84

87

Employees and supervisory staff

13

17

TOTAL HEADCOUNT

97

104

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