PERNOD RICARD - 2018-2019 Universal registration document

2. CORPORATE GOVERNANCE Composition of the Board of Directors

Criteria

Objectives

Implementation and results achieved FY19

Composition of the Board of Directors

Representation of women: Gradual evolution: —

Balanced representation of women and men within the Board of Directors

21.4% at the Shareholders’ Meeting of 15 November 2011; — 28.6% at the Shareholders’ Meeting of 9 November 2012; — 25% at the Shareholders’ Meeting of 6 November 2015; — 42% at the Shareholders’ Meeting of 17 November 2016; and — 46.1% at the Shareholders’ Meeting of 21 November 2018. — At the end of Shareholders’ Meeting of 8 November 2019, the Board will comprise 42% female Directors. 28.6% at the Shareholders’ Meeting of 6 November 2013; — 31.2% at the Shareholders’ Meeting of 6 November 2014; — 42.8% at the Shareholders’ Meeting of 6 November 2015; and — 38.5% at the Shareholders’ Meeting of 21 November 2018. — At the end of Shareholders’ Meeting of 8 November 2019, 42.8% of the Directors will be of foreign nationality. Experience: Sector Knowledge: appointment of Mr Paul-Charles Ricard in 2012; — Finance and Strategy: appointment of Ms Veronica Vargas in 2015; — Marketing/Consumer Behaviour: appointment of Ms Martina — Gonzalez-Gallarza in 2012; Economy and Finance: appointment of Ms Kory Sorenson in 2015; — Innovation and Digital: appointment of Ms Anne Lange in 2016; — and General Management, Corporate Governance and Luxury — Goods appointment of Ms Patricia Barbizet in 2018. 2 Directors representing the employees since the Shareholders’ Meeting of 2018  (1) : appointment on 13 December 2017 by the Group Committee — (France) of the first Director representing the employees; and appointment on 5 December 2018 by the European Group — Committee of the second Director representing the employees. 53.8% Independent Directors At the close of the Shareholders’ Meeting of 8 November 2019, 66.6% of Directors will be independent. Directors with foreign nationality: Gradual evolution: —

Guidelines to be issued in order to ensure the best balance possible by seeking complementary characteristics from both an international and human diversity perspective, in terms of nationality, gender and experience

Appointment of one or two Directors representing the employees (see article 16 of the bylaws)

Directors’ Independence

50% Independent Directors (see article 8.1 of the AFEP-MEDEF Code) + significant representation of Independent Directors (see article 3, Internal Regulations) No more than one-third of Directors older than 70 years (see article 18, paragraph 4 of the bylaws)

Age of Directors

Objective achieved

As the Board of Directors was reduced from 14 to 12 at the Shareholders’ Meeting of 2015, only one Director representing the employees was appointed in December 2017 by the Group Committee (1) (France). At the close of the Shareholders’ Meeting of 2018, the Board comprising 13 Directors, and as provided for the article 16 of the bylaws, a second Director representing employees was appointed by the European Group Committee on 5 December 2018.

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2018-2019

PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT