Danone // 2020 Universal Registration Document

corporate governance 6.4 Detailed information on long-term compensation plans DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 286 Objectives of GPU granted in 2018 Objectives Level of achievement Value of the objective (in €) Level of achievement Value Weighted by 80%, recurring operating margin in 2020 < 15,7% 0 The Board of Directors’ meeting of February 18, 2021, upon recommendation of the Governance Committee, noted the non-achievement of the objective related to the recurring operating margin, due to a margin of 14%, and achievement of the objective related to Danone employee commitment, as the commitment level measured was higher than the FMCG sector by 7.5 points on average, and therefore valued 2018, 2019 and 2020 at €6. Max. €30 ≥ 15,7% 12 ≥ 15,8% 15 ≥15,9% 18 ≥16,0% 21 ≥16,1% 24 Weighted by 20%, comparison of employee commitment level based on the Danone People survey relative to the FMCG (a) sector over a three-year period, i.e. 2018, 2019 and 2020 ≤ FMCG 0 > FMCG 6 (a) Fast-Moving Consumer Goods. Objectives of GPU granted in 2019 Objectives Level of achievement Value of the objective (in €) Level of achievement Value Weighted by 60%, achievement of all the financial objectives communicated to the market for 2019 and 2021 and achievement of a free cash flow level in 2020 of more than €1.6 billion (a) Non-achievement of the objectives each year 0 The Board of Directors will assess the achievement of these objectives in 2022. Max. €24 Achievement of the objectives over 1 year 6 Achievement of the objectives over 2 years 12 Achievement of the objectives each year 18 Weighted by 40%, comparison of employee commitment level based on the Danone People survey relative to the FMCG (b) sector from 2019 to 2021 If 3 scores are assigned: ≤FMCG 0 >FMCG over 2 years: 6 over 3 years: 12 If 2 scores are assigned: ≤FMCG 0 >FMCG 12 (a) With regard to 2020, given that the objectives communicated to the market were withdrawn, on July 29, 2020 the Board of Directors decided to align the 2020 economic objective of the 2019 GPU to the 2020 economic objective of the 2020 GPU (free cash flow level), namely: achievement of a free cash flow level between €1.6 billion valued at €2 and €1.8 billion valued at €6, based on a linear progressive scale between €1.6 and €1.8 billion. (b) Fast-Moving Consumer Goods.