PERNOD RICARD - 2018-2019 Universal registration document

2.

CORPORATE GOVERNANCE Compensation policy

Performance-based shares granted toMr Alexandre RICARDby the Company and any Group companies during the financial year (Table 6 AMF nomenclature)

Value of shares according to themethod used for the consolidated financial statements (IFRS)

Number of shares awarded during the period

Acquisition

Date of plan

date Vesting date

Performance conditions

Average achievement of the annual budget targets in respect of Profit from recurring operations in the current and subsequent two years (three consecutive years). Average achievement of the annual budget targets in respect of Profit from recurring operations in the current and subsequent two years (three consecutive years). Average achievement of the annual budget targets in respect of Profit from recurring operations in the current and subsequent two years (three consecutive years). Positioning of the total performance of the Pernod Ricard share compared with the total performance of a panel of 12 companies over three years. Average achievement of the annual budget targets in respect of Profit from recurring operations in the current and subsequent two years (three consecutive years). Positioning of the total performance of the Pernod Ricard share compared with the total performance of a panel of 12 companies over three years.

21.11.2018

4,269

€549,928 22.11.2022

22.11.2022

21.11.2018

511  (1)

€65,827

22.11.2022

22.11.2022

21.11.2018

6,842

€549,960 22.11.2022

22.11.2022

21.11.2018

819  (1)

€65,831

22.11.2022

22.11.2022

Allocation under the supplementary pension scheme. (1)

Performance-based shares vested toMr Alexandre RICARDduring the financial year (Table 7 AMF nomenclature)

Number of shares vested during the period

Date of plan

Information about and terms of any acquisition rights and/or obligations

06.11.2014 Average achievement of the annual budget targets in respect of Profit from recurring operations in the current and subsequent years. Outperformance of Pernod Ricard shares (TSR) in the market compared with that of the Eurostoxx 600 (SX3R) Food & Beverage index over three years The initial allocation was 11,600 shares (the internal performance condition was achieved in the proportion of 78% and the external performance condition in the proportion of 75.76%, putting the total (1) achievement at 59.1%). 6,855  (1)

Equity ratio between the level of compensation of the Chairman&CEO and the average andmedian compensation of the Company’s employees This information is presented in accordance with the very recent terms of Law no. 2019-486 of 22 May 2019 on growth and business transformation, known as the "PACTE" law, in order to be immediately compliant with the new transparency requirements for Directors' compensation.

It is likely to evolve naturally over time as further precisions and official positions in this respect are made available to companies.

Alexandre Ricard (Deputy Chief Executive Officer then Chairman and CEO)

Danièle Ricard (Chairwoman of the Board of Directors)

Pierre Pringuet (Chief Executive Officer)

FY15

Ratio versus average compensation Ratio versus median compensation

14.01 25.29

26.38 47.61

0.88

1.58

66

2018-2019

PERNOD RICARD UNIVERSAL REGISTRATIONDOCUMENT