PERNOD RICARD - 2019 NOTICE OF MEETING

4. The Group in 2018/19

glance

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WORLD N°1 for Premium and Prestige spirits (a) >160

ALEXANDRE RICARD, Chairman & CEO, declared: º FY19was an excellent year, demonstrating clear business acceleration, while investing for longterm value creation. Our PROgrowth, at +8.7%, is our highest since FY12. For FY20, we will continue implementing our FY19-21 “Transform&Accelerate” plan, with increasing support for our priority brands, markets, strategic investments and Sustainability &Responsibility 2030Roadmap. In a particularly uncertain environment, our guidance for FY20 is organic growth in PROof between +5%and +7%. »

COUNTRIES where our brands are Ʌ distributed

400,000 students sensitized on RESPONSIBLE DRINKING

Key Figures

Profit from Recurring Operations

Group Net Profit fromRecurring Operations (4)

Group Net Profit

Proposed dividend

€million

Net sales

FY19

9,182

2,581

28.1% (3)

89 production SITES (b) 22 % reduction in water consumption (c) 34 % reduction in CO 2 emissions (c)

Organic growth (2)

+6.0%

+8.7%

1,654

1,455

€3.12 per share (5)

Reported growth

+5.3%

+9.5%

€2.36 per share

FY18 (2)

8,722

2,358

1,511

1,577

27.0% (3)

$ Organic growth is defined on page 2 ( . % FY18 figures restated for IFRS 15 normapplication. & Operating margin. ' GroupNetProfitfromRecurringOperations:ProfitfromRecurringOperations,adjustedforfinancialresultfromrecurringoperations,recurringincome

tax,shareof netresultof associates,profitfromassetsheldforsale,andnon-controllinginterest. ( Dividend proposed for approval by the Shareholders’ Meeting of 8 November 2019.

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PERNOD RICARD NOTICEOFMEETING

2019