Maisons du Monde

Information about Julie Walbaum’s compensation

PRESS RELEASE

MAISONS DU MONDE :

INFORMATION REGARDING JULIE WALBAUM’S COMPENSATION

Nantes, 16 March 2020

According to the AFEP-MEDEF Corporate Governance code and the Financial Markets Authority’s recommendations, Maisons du Monde (Euronext Paris: MDM, ISIN Code: FR0013153541) publishes the decisions taken by its Board of Directors on 10 March 2020 regarding the compensation components of the Chief Executive Officer, Mrs. Julie Walbaum.

Long Term Incentive Plan

In accordance with the authorization of the Shareholders’ Meeting of 19 May 2017 (13th resolution), the Board of Directors during its meeting of March 10, 2020 decided, based on the Remuneration Committee recommendation, to award to Mrs. Julie Walbaum, 53,900 free performance shares. These shares are existing shares or to be issued by the Company, corresponding to 0.12% of the share capital.

The allocation of these shares is concomitant with an award made to the benefit of more than 400 employees of the Maisons du Monde’s Group corresponding to 0.78% of the share capital.

The definitive allocation of all the shares allocated to Mrs. Julie Walbaum is subject to a condition of three years continuous attendance until March 10, 2023, as well as to the performance conditions set out below.

The definitive number of free performance shares to be attributed will depend on the realization of the performance conditions, measured in relation to the Sales level (as in the consolidated financial statements) of 2021 (CA2021) of Maisons du Monde, the EBITDA level (as in the consolidated financial statements) of 2020 and 2021 (EBITDA20 + 21) and a third condition on the Earning per Share normative cumulated on 2020 and 2021 (EPS20 + 21) of Maisons du Monde.

The Board of Directors, based on the Remuneration Committee’s recommendation, set the expected target levels for each of the performance conditions:

• 20% of the shares carry a condition CA21,
• 50% a condition EBITDA20 + 21
• 30% a condition EPS20 + 21

Concerning the internal performance condition for CA21, the measure of performance, which conditions the number of shares definitively acquired under this performance and under condition of attendance, is as follows:

• The threshold for triggering performance (at 95% of the target of CA21) entitles 50% of the shares that carry this condition;
• The performance target (at 100% of the objective) entitles 100% of the shares that carry this condition;
• Below the threshold, no share for this performance is acquired;
• Between the threshold and the performance target shares under this condition are acquired in a proportional and linear manner.

Concerning the two internal performance conditions (EBITDA20 + 21 and EPS20 + 21), the performance measure for each of the conditions, conditioning the number of shares definitively acquired under this performance and under condition of presence, is as follows: