PERNOD RICARD - 2018-2019 Universal registration document

2.

CORPORATE GOVERNANCE Compensation policy

Table of compensation (in euros) received by Non-Executive Directors (Table 3 AMF nomenclature)

Amounts paid in FY19

Members of the Board Ms Patricia Barbizet Ms Nicole Bouton MrWolfgang Colberg

Amounts paid in FY18

N/A

60,083 115,458 133,000 102,000 82,000 62,500 64,000 109,333 52,000 82,000 106,000

87,500 113,500 91,000 69,500 54,000 68,000 109,500 43,500 73,000 101,500 54,000

Mr IanGallienne Mr César Giron

MsMartina Gonzalez-Gallarza

Ms Anne Lange

Mr Pierre Pringuet

Société Paul Ricard represented by Paul-Charles Ricard  (1)

Mr Gilles Samyn Ms Kory Sorenson Ms Veronica Vargas

62,500

MsMaria Jesus Carrasco Lopez  (2)

N/A

7,500

Mr Stéphane Emery  (3) Mr Sylvain Carré  (4)

7,500 7,500 7,500

15,000

N/A N/A

MrManousos Charkoftakis  (5)

TOTAL

887,500

1,053,375

N/A: not applicable. Permanent representative of Société Paul Ricard, Director (1)

From 23 January 2019, the date on which she took part in her first meeting of the Board of Directors. (2) From 19 January 2018, the date on which he took part in his first meeting of the Board of Directors. (3) Until 2 December 2017, date of the end of his term as Director representing the employees. (4) Until 28 November 2017, date of the end of his term as Director representing the employees. (5) Other components of the compensation of corporate officers performingmanagement or executive roles within the Group In addition to compensation as Directors, César Giron and Paul-Charles Ricard received compensation in their respective capacities as Chairman and CEO of Martell Mumm Perrier-Jouët and Innovation Manager of Martell Mumm Perrier-Jouët.

A summary statement of the compensation and other benefits received by each of these Non-Executive Directors from the companies controlled by Pernod Ricard SA, under article L. 233-16 of the French Commercial Code, is drawn up pursuant to article L. 225-102-1, paragraph 2 of the same Code.

Mr César GIRON, member of the Board of Directors 2.8.2 and chairman&CEOof Martell MummPerrier-Jouët Fixed compensation

In this respect, during FY19, he received gross variable compensation in October 2018 of €404,779 relating to FY18, i.e. 88.32% of his fixed compensation for FY18. Special bonus No special bonuses were awarded or paid in respect of FY19. Stock option and performance-based share allocation On 21 November 2018, the Board of Directors authorised a combined stock option and performance-based share allocation plan. Under this plan, Mr César Giron received the following allocation: 5,863 stock options with an external performance condition (€123,346 — at IFRS value); and 1,915 performance-based shares with an internal performance — condition (€246,688 at IFRS value). The details of the overall stock option and performance-based share allocation policy are shown below (pages 69-70 of this universal registration document).

Mr César Giron receives gross fixed compensation for his duties as Chairman & CEO of Martell Mumm Perrier-Jouët which amounted to €474,350 for FY19. Variable compensation In his capacity as Chair of a direct affiliate and member of the Executive Committee, Mr César Giron receives gross variable compensation for which the quantitative criteria depend firstly on the financial performance of the entity he manages and secondly on the Group’s results, with a view to strengthening solidarity and collegiality between the Chairs of the Executive Committee. Mr César Giron is also assessed on the basis of individual qualitative criteria. This variable portion is expressed as a percentage of the annual fixed portion. It may reach 70% of his gross fixed compensation if the quantitative and qualitative targets are achieved (target level) and can rise to a maximum of 100% if the Group records exceptional financial performance in relation to the targets. The criteria are reviewed regularly and may be modified on an occasional basis.

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2018-2019

PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT