BIC_Registration_Document_2017

BOARD OF DIRECTORS’ REPORT AND DRAFT RESOLUTIONS OF THE SHAREHOLDERS’ MEETING OF MAY 16, 2018 Ordinary Shareholders’ Meeting

Compensation elements and benefits of any type paid or granted for 2017

Amounts or accounting valuation submitted for approval No payment is due in respect of the fiscal year ended.

Presentation

Supplementary pension plan

Marie-Aimée Bich-Dufour benefits from the Supplementary Executive Retirement Plan (governed by Article L. 137-11 of the French Social Security Code) for BIC Group executives in France: Condition for pension benefit eligibility: • A minimum period of five years of participation is necessary • to benefit from the plan. Be officially qualified for a pension under the Social Security • scheme. Retire from BIC in accordance with the provisions of • Article L. 137-11 of the French Social Security Code). Method for determining the pensionable compensation: • The pensionable compensation is the average remuneration • of the last three years of service; To determine the pensionable compensation, only gross • annual base and annual bonus are included, all other direct or indirect payments are excluded. Rate of pension rights acquisition: • The supplementary pension is equal to 1.25% of the average • compensation per year of membership of the plan, with a maximum of 25% ( i.e. 20 years). On May 18, 2016, Société BIC’s Board of Directors decided to • freeze the acquisition rights of Marie-Aimée Bich-Dufour in this plan during her new mandate. The commitments arising from this plan are provisioned by • SOCIÉTÉ BIC in accordance with IAS 19. Maximum Payments: • The consolidation of all pension rights (mandatory and • supplementary) cannot exceed 50% of the last annual compensation. This ceiling is verified at the date of retirement. Method of funding: • The employer funds the entirety of the rights through • contributions to an insurance contract. Other expenses paid by the Company: • The employer pays the Fillon tax, which is 24% of the • contributions to the insurance contract. On December 31, 2017, the supplementary pension which has been determined based on seniority in the Plan and on her compensation as of May 18, 2016, amounts to 107,318 EUR (for information purposes). The regulated agreements procedure was followed for this pension plan. Board of Directors’ Meeting decision date: May 19, 2005. Shareholders’ Meeting decision date: May 24, 2006 (resolution 5).

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BIC GROUP - 2017 REGISTRATION DOCUMENT