PERNOD RICARD - 2018-2019 Universal registration document

2.

CORPORATE GOVERNANCE Compensation policy

Severance benefits Mr César Giron receives no compensation for termination of service. Supplementary pension scheme Mr César Giron has a conditional defined-benefit supplementary pension scheme (article 39) under article L. 137-11 of the French Employment Code, provided that recipients: have at least 10 years’ seniority within the Group when they leave or — retire; are at least 60 years of age on the date of leaving or retirement; — have wound up the basic and complementary French social security — pension schemes (ARRCO, AGIRC); permanently put an end to their professional career; and — end their professional career within the Group. In accordance with — regulations, employees aged over 55 whose contract is terminated and who do not take up another job are deemed to have retired. The aim of the scheme is to make it possible to supplement the pension provided by France’s mandatory state-run pension scheme. It offers retired beneficiaries a life annuity that can be passed on to their spouse and/or ex-spouse in the event of death. Pensions are proportionate to the beneficiary’s length of service, with an upper limit of 20 years. Pensions are calculated on the basis of the beneficiary’s average compensation (fixed and variable) over the three years preceding his or her retirement. The amount of the supplementary annuity is calculated by applying the following coefficients to the basis of calculation: for the portion of the compensation between 8 and 12 times France’s — annual social security ceiling, the coefficient is 2% multiplied by the number of years’ service (capped at 20 years, i.e. 40%);

between 12 and 16 times France’s annual social security ceiling, the — coefficient is 1.5% per year of service (capped at 20 years, i.e. 30%); and in excess of 16 times France’s annual social security ceiling, the — coefficient is 1% per year of service (capped at 20 years, i.e. 20%). The supplementary pension equals the sum of the three amounts above. In addition, the rights granted under this plan, added to those of other pensions, cannot exceed two-thirds of the amount of the beneficiary’s most recent fixed annual compensation. A provision is entered on the balance sheet during the build-up phase and, when the beneficiary claims his or her pension, the capital is transferred to an insurer and thus entirely outsourced. Funding for this scheme is the responsibility of Pernod Ricard, which pays premiums to a third-party insurance agency to which it has entrusted management of this pension scheme. Pursuant to the provisions of French Decree No. 2016-182 of 23 February 2016, at 30 June 2019, the estimated gross amount of the annuity potentially paid under the supplementary defined-benefit pension scheme for Mr César Giron would be €148,727 per year. The relevant social security contributions falling due to Pernod Ricard stood at 24% of the contributions transferred to the insurer. Collective healthcare andwelfare schemes Mr César Giron qualifies for the collective healthcare and welfare schemes offered by Martell Mumm Perrier-Jouët under the same terms as those applicable for the category of employees to which he belongs for the determination of his employee benefits and other additional components of his compensation. Other benefits During FY19, Mr César Giron qualified for a company car and a part-time chauffeur.

Mr Paul-Charles RICARD, Permanent Representative of Société Paul 2.8.3 Ricard, member of the Board of Directors and InnovationManager at Martell MummPerrier-Jouët Fixed compensation

Collective healthcare andwelfare schemes Mr Paul-Charles Ricard qualifies for the collective healthcare and welfare schemes offered by Martell Mumm Perrier-Jouët under the same terms as those applicable for the category of employees to which he belongs for the determination of his employee benefits and other additional components of his compensation. Other components of the compensation No special bonus/No allocation of stock options and/or performance-based shares/No compensation for termination of service/No supplementary pension scheme/No benefits in kind.

Mr Paul-Charles Ricard receives gross fixed compensation for his duties as Innovation Manager of Martell Mumm Perrier-Jouët which amounted to €58,620 for FY19. Variable compensation This variable portion is expressed as a percentage of the annual fixed portion. It may reach 12% of his gross fixed compensation if the (individual) qualitative targets are achieved. In this respect, during FY19, he received gross variable compensation of €5,891 relating to FY18. Amounts received in respect of employee incentive agreement and profit-sharing plans Under the employee profit-sharing plans in effect within Martell Mumm Perrier-Jouët, Mr Paul-Charles Ricard received €8,830 from incentive agreements and €8,453 from profit-sharing.

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2018-2019

PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT