BIC

Remuneration of Corporate Officers - Seite 2

1 Amounts in US dollars were translated into euros using the average exchange rate for 2023 (1 € = 1.0816 USD).

With regard to the Corporate Executive Officers, the Board also wishes to clarify the remuneration policy that will be applicable in case of departure, to include the following principles:

• The pro-rata temporis vesting of performance shares, without modification of the initial vesting schedule and performance conditions;
• The possibility for the Board to impose a defined period of non-compete to be compensated with an indemnity that will be determined in compliance with applicable legislation;
• A termination indemnity, subject to performance conditions, the amount and conditions of which will be defined at the time of hiring. On nomination of the current CEO, no such provision was included in the remuneration package and as such he is not eligible to such an indemnity.
  
  

Under the provisions of articles L.22-10-34 II and L.22-10-8 of the French Commercial Code, the payment of the variable remuneration for 2023 and remuneration policy for the fiscal year 2024 are contingent on a favorable vote of the Annual General Meeting that will be held on
May 29, 2024.

ABOUT BIC

A world leader in stationery, lighters and shavers, BIC brings simplicity and joy to everyday Life. For more than 75 years, the Company has honored the tradition of providing high-quality, affordable, essential products to consumers everywhere. Through this unwavering dedication, BIC has become one of the most recognized brands and is a trademark registered worldwide. Today, BIC products are sold in more than 160 countries around the world and feature iconic brands such as BIC Kids, BIC Flex^TM, BodyMark by BIC^TM, Cello, Djeep, Lucky Stationary, Rocketbook, Soleil, Tipp-Ex, Us. ^TM, Wite-Out, Inkbox, and more. In 2023, BIC Net Sales were €2,263 million. The Company is listed on Euronext Paris, is part of the SBF120 and CAC Mid 60 indexes and is recognized for its commitment to sustainable development and education. It has received an A- Leadership score from CDP. For more, visit www.bic.com or follow us on LinkedIn, Instagram, Twitter, or YouTube.