Fiscal 2022 Universal Registration Document

Summary of the Chairwoman and Chief Executive Officer’s compensation

TABLE 2, BASED ON THE AFEP-MEDEF CODE TEMPLATE AND AMF RECOMMENDATION 2021-02

	FISCAL 2022		FISCAL 2021
(in euros)	GROSS AMOUNTS AWARDED (BEFORE TAX)	GROSSA MOUNTS PAID (BEFORE TAX)	GROSS AMOUNTS AWARDED (BEFORE TAX)	GROSS AMOUNTS PAID (BEFORE TAX)
SOPHIE BELLON CHAIRWOMAN OF THE BOARD OF DIRECTORS FROM SEPTEMBER 1, 2021 TO SEPTEMBER 30, 2021
Fixed compensation	56,250	56,250	675,000	675,000
Variable compensation	N/A	N/A	N/A	N/A
Exceptional compensation	N/A	N/A	N/A	N/A
Directors’ compensation	N/A	N/A	N/A	N/A
Benefits in kind⁽²⁾	96	96	1,575	1,575
SOPHIE BELLON CHAIRWOMAN OF THE BOARD OF DIRECTORS AND INTERIM CHIEF EXECUTIVE OFFICER FROM OCTOBER 1, 2021 TO FEBRUARY 28, 2022
Fixed compensation	375,000	375,000	N/A	N/A
Variable compensation	N/A	N/A	N/A	N/A
Exceptional compensation	N/A	N/A	N/A	N/A
Directors’ compensation	N/A	N/A	N/A	N/A
Benefits in kind⁽²⁾	480	480	N/A	N/A
SOPHIE BELLON CHAIRWOMAN OF THE BOARD OF DIRECTORS AND CHIEF EXECUTIVE OFFICER FROM MARCH 1, 2022
Fixed compensation	450,000	450,000	N/A	N/A
Variable compensation⁽¹⁾	587,250	N/A	N/A	N/A
Exceptional compensation	N/A	N/A	N/A	N/A
Directors’ compensation	N/A	N/A	N/A	N/A
Benefits in kind⁽²⁾	576	576	N/A	N/A
TOTAL	1,469,652	882,402	676,575	676,575
The following amounts were paid by Bellon SA to Sophie Bellon for her mandate as member of the Management Board of Bellon SA
Fixed compensation	210,015	210,015	193,348	193,348

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Variable compensation for the Chairwoman and Chief Executive Officer for the period in question (paid during the following fiscal year) subject to approval at a Shareholders Meeting.
Sophie Bellon has the use of a Company car. The amount is indicated on a pro rata basis for each period referenced.

Details regarding the variable compensation granted to the Chairwoman and Chief Executive Officer for Fiscal 2022, beginning on March 1, 2022

		WEIGHTING OF TARGETS	MAXIMUM IN % OF TARGET	ACHIEVEMENT RATE	CORRESPONDING AMOUNT (in euros)
70% based on financial targets	Organic growth	WEIGHTING OF TARGETS 20 %	MAXIMUM IN % OF TARGET 175 %	ACHIEVEMENT RATE 168 %	CORRESPONDING AMOUNT (in euros)150,750
	Underlying operating profit margin (excluding exchange rate impacts)	20 %	WEIGHTING OF TARGETS 175 %	MAXIMUM IN % OF TARGET 123 %	ACHIEVEMENT RATE110,250
	Growth in Group net income	10 %	WEIGHTING OF TARGETS 175 %	MAXIMUM IN % OF TARGET 175 %	ACHIEVEMENT RATE78,750
	Free cash flow	20 %	WEIGHTING OF TARGETS 175 %	MAXIMUM IN % OF TARGET 175 %	ACHIEVEMENT RATE157,500
	Total financial targets	70 %	WEIGHTING OF TARGETS175 %	MAXIMUM IN % OF TARGET111 %	ACHIEVEMENT RATE497,250
30% based on non-financial targets	Health and safety target	WEIGHTING OF TARGETS 10 %	MAXIMUM IN % OF TARGET 100 %	ACHIEVEMENT RATE — %	CORRESPONDING AMOUNT (in euros)—
	Talent management	10 %	WEIGHTING OF TARGETS 100 %	MAXIMUM IN % OF TARGET 100 %	ACHIEVEMENT RATE45,000
	Dow Jones Sustainability Index, in the top three for the industry	10 %	WEIGHTING OF TARGETS 100 %	MAXIMUM IN % OF TARGET 100 %	ACHIEVEMENT RATE45,000
	Total non-financial targets	30 %	WEIGHTING OF TARGETS100 %	MAXIMUM IN % OF TARGET20 %	ACHIEVEMENT RATE90,000
TOTAL VARIABLE COMPENSATION AWARDED FOR FISCAL 2022		TOTAL VARIABLE COMPENSATION AWARDED FOR FISCAL 2022 100 %	TOTAL VARIABLE COMPENSATION AWARDED FOR FISCAL 2022WEIGHTING OF TARGETS150 %	TOTAL VARIABLE COMPENSATION AWARDED FOR FISCAL 2022MAXIMUM IN % OF TARGET131 %	TOTAL VARIABLE COMPENSATION AWARDED FOR FISCAL 2022ACHIEVEMENT RATE587,250

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