PERNOD RICARD - 2018-2019 Universal registration document

9.

ABOUT THE COMPANY AND ITS SHARE CAPITAL Information about the share capital

Certain Company shares have a double voting right as described in the paragraph entitled “Voting conditions” of the subsection “Information about Pernod Ricard” above. Of the 265,421,592 shares comprising the Company’s capital on 30 June 2019, 49,193,695 shares had a double voting right. On the same date, employees held 2,629,860 shares representing 0.99% of the share capital and 1.40% of the voting rights of the Company. The Paul Ricard concert party (comprising: Société Paul Ricard, Le Delos Invest I, Le Delos Invest II, Le Delos Invest III, Le Garlaban and Rigivar, as well as Mses Danièle Ricard and Veronica Vargas and Messrs Rafaël Gonzalez-Gallarza, César Giron, François-Xavier Diaz, Alexandre Ricard and Paul-Charles Ricard) holds 43,227,932 Company shares representing 71,072,212 voting rights, i.e. 16.29% of the share capital and 22.59% of the voting rights of the Company as at 30 June 2019. The shareholders’ agreement between the Company’s shareholders (Mr Rafaël Gonzalez-Gallarza and Société Paul Ricard SA, held by the Ricard family), is described under "Shareholders' agreement" in subsection 2.1.5 "Composition of the Board of Directors" of this Universal Registration Document. It is also available on the website of the French Financial Markets Authority (AMF) (www.amf-france.org). Shareholdings exceeding the legal thresholds for share capital or voting rights In a letter received on 19 September 2018, the Paul Ricard concert party (composed of the companies Société Paul Ricard  (1) , Le Delos Invest I  (2) ,

Le Delos Invest II  (2) , Le Delos Invest III  (2) , Le Garlaban  (2) and Rigivar, and Danièle Ricard, Veronica Vargas, Rafaël Gonzalez-Gallarza, César Giron, François-Xavier Diaz, Paul-Charles Ricard and Alexandre Ricard), declared that on 14 September 2018, it had exceeded the threshold of 15% of the share capital of Pernod Ricard and held 39,935,049 Pernod Ricard shares representing 66,522,203 voting rights, i.e. 15.05% of the Company’s share capital and 21.32% of the voting rights  (3) . In a letter received on 16 November 2018, followed by a letter received on 19 November, Société Paul Ricard  (1) declared that on 13 November 2018, it had individually exceeded the threshold of 10% of the share capital of Pernod Ricard and individually held 26,663,298 Pernod Ricard shares representing 49,811,852 voting rights, i.e. 10.05% of the Company’s share capital and 15.91% of the voting rights  (4) . This threshold was crossed as a result of buying Pernod Ricard shares on the market. On this occasion, the Paul Ricard concert party (composed of the companies: Société Paul-Ricard  (1) , Le Delos Invest I  (2) , Le Delos Invest II  (2) , Le Delos Invest III  (2) , Le Garlaban  (2) and Rigivar, and Danièle Ricard, Veronica Vargas, Rafaël Gonzalez-Gallarza, César Giron, François-Xavier Diaz, Paul-Charles Ricard and Alexandre Ricard) had not exceeded any threshold and held, at 13 November 2018, 41,817,562 Pernod Ricard shares representing 68,422,056 voting rights, i.e. 15.76% of the Company’s share capital and 21.86% of the voting rights  (4) . Additional information on the shareholders The number of Pernod Ricard shareholders who have registered securities is estimated at approximately 11,200.

Allocation of share capital (Company analysis using identifiable bearer shares at 31.03.2019 and nominative data)

(in %)

Paul Ricard concert party

16.3

Board + Management + Employees + Treasury shares

1.7 7.5

Groupe Bruxelles Lambert US institutional investors French institutional investors British institutional investors

32.7 

8.9 

11.7  17.3 

Other foreign institutional investors

Individual shareholders

3.9

TOTAL

100

Equity investments and stock options Detailed information is provided under Section 2 “Corporate Governance” of this Universal Registration Document, in relation to the following: corporate officers’ equity investments in the Company’s share capital; — transactions involving Pernod Ricard shares made by corporate — officers in the financial year; stock options exercised by Executive Directors during FY19; — stock options granted to the Group’s top ten employees other than — corporate officers and options exercised by the Group’s top ten employees other than corporate officers during FY19.

All the shareholders who directly or indirectly, alone or in concert, hold more than 5% of the share capital or voting rights are included in the above table entitled “Allocation of share capital and voting rights on 30 June 2019”. There is no individual or corporate body that exercises direct or indirect control over Pernod Ricard’s share capital, whether individually, jointly or in concert. To the Company’s knowledge, there have not been any significant changes in the allocation of the Company’s share capital during the last three financial years, other than those shown in the above table entitled “Allocation of share capital and voting rights on 30 June 2019”. Pernod Ricard is the only company of the Group listed on a stock exchange (Euronext Paris). However, the Group Pernod Ricard now controls Corby Spirit and Wine Limited, holding 45.76% of its share capital and 51.61% of the voting rights. Corby Spirit and Wine Limited is listed on the Toronto Stock Exchange (Canada).

Controlled by members of the Ricard family. (1) The companies Le Delos Invest I SA, Le Delos Invest II SA, Le Delos Invest III SAS and Garlaban SNC are controlled by Société Paul Ricard SA, which in turn is controlled at the highest level (2) by members of the Ricard family. Based on share capital composed of 265,421,592 shares representing 312,026,370 voting rights, in accordance with the second paragraph of article 223-11 of the AMF General Regulation. (3) Based on share capital composed of 265,421,592 shares representing 313,053,753 voting rights, in accordance with the second paragraph of article 223-11 of the AMF General Regulation. (4)

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2018-2019

PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT