Danone // 2020 Universal Registration Document

corporate governance 6.4 Detailed information on long-term compensation plans DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 264 Summary of GPS delivered in 2020 and not yet delivered Summary of plans as of December 31, 2020 Characteristics of outstanding GPS plans as of December 31, 2020 and grants and changes under these plans in 2020 (information required pursuant to table 9 of appendix 4 of the AFEP-MEDEF Code on corporate governance of listed companies) Outstanding GPS plans Shareholdersʼ Meeting that approved the GPS 04/28/2016 4/27/2017 Number of GPS authorized by the Shareholdersʼ Meeting 1,309,902 1,311,784 Of which number of GPS not granted 685,074 667,364 Date of the Board meeting that granted the GPS 07/27/2016 07/26/2017 Number of GPS granted 624,828 644,420 Maximum number of GPS that may be granted (a) 624,828 676,741 Of which GPS granted to corporate officers 34,200 35,021 Maximum number of GPS that may be granted to the corporate officers (a) 34,200 36,772 Of which GPS granted to members of the Executive Committee (excluding corporate officers) 104,268 89,158 Of which number of Executive Committee beneficiaries (excluding corporate officers) 11 7 Number of beneficiaries for each plan 1,394 1,499 GPS characteristics Share delivery date 07/28/2020 07/27/2021 End date of holding period − − Performance conditions • weighted by 50%, average sales growth greater than or equal to that of the Panel over the years 2016, 2017 and 2018; • weighted by 50%, improvement in growth in the operating margin over three years (2016, 2017 and 2018) on a like-for- like basis. • weighted by 50%, average sales growth greater than or equal to that of the Panel over the years 2017, 2018 and 2019; • weighted by 50%, attainment of a free cash flow level of more than €6 billion over the years 2017, 2018 and 2019. Assessment of achievement of performance conditions • Sales growth target between 2016 and 2018: 100% achieved. • Operating margin evolution objective: 100% achieved. • Sales growth target between 2017 and 2019: achieved at 90%. • Free cash flow objective: 100% achieved. Changes in 2020 and situation as of December 31, 2020 Number of GPS as of December 31, 2019 462,120 557,554 GPS granted in 2020 − − Maximum number of GPS that may be granted (a) − − Of which GPS granted to corporate officers − − Maximum number of GPS that may be granted to the corporate officers (a) − − Of which GPS granted to the 10 Danone employees (not including corporate officers) who received the largest number of shares in 2020 − − GPS void or canceled in 2020 (54,256) (90,524) Of which GPS canceled in 2020 due to non-fulfillment of some performance conditions (b) − (24,581) Shares delivered in 2020 (407,864) − Of which shares delivered to corporate officers (34,200) − Of which shares delivered to the 10 employees (not including corporate officers) who received the largest number of shares in 2020 (63,827) − Number of GPS not yet vested as of December 31, 2020 − 467,030 Total number of GPS void or canceled for each plan as of December 31, 2020 (216,964) (177,390) (a) Maximumnumber of GPS thatmay be granted if the continuous employment condition is satisfied, the free cash flowcondition is fully achieved, the environmental condition is fully met and the sales growth condition is exceeded.