Danone // 2020 Universal Registration Document

6 corporate governance 6.4 Detailed information on long-term compensation plans DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 281 DEFINITIONS CDP CDP, a not-for-profit organization that runs a global disclosure system for inves- tors, companies, cities, states and regions to help them assess and manage their environmental impacts. Level Level assigned to Danone each year by CDP under its Climate Change program in its 2019, 2020 and 2021 publications, based on Danone’s environmental performance in 2018, 2019 and 2020. “Leadership” Level A score of “A” or “A-” assigned by CDP under its Climate Change program or, in case of a change in the range of scores used by CDP for this program, any other score representing the upper fourth of the range of scores assigned by CDP, or the highest score if this new range of scores assigned by CDP includes fewer than four scores. OTHER APPLICABLE RULES Many Levels during the same year If, in a single year, CDP publishes two different Levels, the lower Level will be taken into account. Change in the name of CDP or the Climate Change program If the name of CDP or the Climate Change program changes without a change in their scoring methods, the publications of the entity or program whose name was changed will, for the purposes of this grant of shares, be considered the publica- tions produced by CDP or the Climate Change program. No publication or late publication of the Level If, by December 31 of 2019 and/or 2020 and/or 2021, CDP has not assigned a Level to Danone under the Climate Change program during the year in question, the following rules will apply, as an exception to the above: • if no Level was published in 2021 whereas the “Leadership” Level was assigned to Danone in 2019 and 2020, the definitive grant will be 100% for one-half of the shares subject to the environmental performance condition and the other half will increase the basis of the shares subject to the FCF condition (in this case, the FCF condition will affect 40% of the shares granted); • if no Level was published in 2021 and the “Leadership” Level was assigned to Danone neither in 2019 nor in 2020, the definitive grant will be 0% of the shares subject to the environmental performance condition; • if no Level was published in 2021 whereas the “Leadership” Level was achieved by Danone only one year (2020 or 2019), the definitive grant will be 0% for one- half of the shares subject to this environmental performance condition and the other half will increase the basis of the shares subject to the FCF condition (in this case, the FCF condition will affect 40% of the shares granted); • if no Level was published in 2020 and the “Leadership” Level was not achieved by Danone in 2019, the definitive grant will be 0% for one-half of the shares subject to this environmental performance condition and the other half will increase the basis of the shares subject to the FCF condition (in this case, the FCF condition will affect 40% of the shares granted); • if no Level was published in 2020 whereas the “Leadership” Level was assigned to Danone in 2019, all the shares subject to the environmental performance condition will increase the basis of the shares subject to the FCF condition (in this case, the FCF condition will affect 50% of the shares granted); and • if no Level was published in 2019, all the shares subject to the environmental performance condition will increase the basis of the shares subject to the FCF condition (in this case, the FCF conditionwill affect 50%of the shares granted). ASSESSMENT OF ACHIEVEMENT OF THE PERFORMANCE CONDITION The Board of Directors’ procedure for de- termining that this performance condition has been met The Board of Directors must determine the level of achievement of this third per- formance condition, by a duly justified decision indicated in the Board of Directors’ report to the Shareholders’ Meeting, subsequent to the Governance Committee’s recommendation. Date of assessment of achievement of the performance condition Early 2022.