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Notice of Meeting NOTICE OF MEETING ORDINARY AND EXTRAORDINARY SHAREHOLDERS’ MEETING Friday, May 21, 2021 at 10:30 am 1-5 Rue Paul Cézanne 75008 Paris – France Behind closed doors and without the physical presence of any shareholder Contents 1 Agenda 3 2 How to participate in the Shareholders’ Meeting? 4 3 How to fill in the voting form? 9 4 Proposed resolutions 10 5 Presentation of the EssilorLuxottica group and summary of its performance in 2020 27 6 Governance – Information on Directors to be renewed or appointed 29 7 Report on the compensation policy for executive corporate officers 42 8 Summary table of currently valid delegations 43 9 Request for documents and information 45 Useful contacts Deadlines to remember EssilorLuxottica: March 26 Investor Relations Department Publication of the preliminary notice of meeting in Phone number: the Bulletin des annonces légales obligatoires (BALO). Charenton-le-Pont: +33 (0)1 49 77 42 16 May 3 – 10:00 am* E-mail address: Launch of the dedicated secure voting website available to the shareholders prior to the Shareholders’ Meeting. [email protected] May 18 Deadline for BNP Paribas – Securities Services to receive the voting Centralising bank of the Shareholders’ Meeting: form by mail. BNP Paribas – Securities Services May 19 – 00:00 am (1) Postal address: Deadline for shareholders to hold shares registered in a securities BNP Paribas – Securities Services account to participate in the Shareholders’ Meeting (record date). CTO Assemblées Générales (1) Les Grands Moulins de Pantin May 20 – 3:00 pm 9, rue du Débarcadère – 93761 Pantin Cedex Shutdown of the dedicated secure voting website available to the Phone number: +33 (0)1 40 14 46 68 shareholders prior to the Shareholders’ Meeting. or via the online form on https://planetshares.bnpparibas.com May 21 – 10:30 am (1) Ordinary and Extraordinary Shareholders’ Meeting held behind closed doors and without the physical presence of any shareholder. (1) CEST 2 Ordinary and Extraordinary Shareholders’ Meeting • Behind closed doors • May 21, 2021 • EssilorLuxottica 1 AGENDA For the Ordinary Meeting 1. Approval of the 2020 Company financial statements; 7. Approval of the fixed, variable and exceptional components 2. Approval of the 2020 consolidated financial statements; comprising the total compensation and benefits in kind paid in 2020 or awarded in respect of 2020 to Hubert Sagnières, Executive Vice- 3. Allocation of earnings and setting of the dividend; Chairman until December 17, 2020 and Vice-Chairman of the Board 4. Agreements falling within the scope of Articles L.225-38 and of Directors from this date; subsequent of the French Commercial Code; 8. Approval of the compensation policy applicable to corporate 5. Approval of the report on the compensation and benefits in kind officers for the period from January 1, 2021 to the date of the paid in 2020 or awarded in respect of 2020 to corporate Annual Shareholders’ Meeting; officers; 9. Approval of the compensation policy applicable to corporate 6. Approval of the fixed, variable and exceptional components officers for the period after the Annual Shareholders' Meeting; comprising the total compensation and benefits in kind paid in 10. Authorization to be granted to the Board of Directors to 2020 or awarded in respect of 2020 to Leonardo Del Vecchio, proceed with the purchase of Company’s own ordinary shares. Executive Chairman until December 17, 2020 and Chairman of the Board of Directors from this date; For the Extraordinary Meeting 11. Harmonization of the Articles 4, 9, 11, 14, 16, 23 of the Company’s 16. Delegation of authority granted to the Board of Directors to Articles of Association with various provisions, legal and issue shares and securities entailing a share capital increase, with regulatory in particular, of the French Law of May 22, 2019 known preferential subscription rights (ceiling of 5% of the share as the “Pacte Law” ; capital); 12. Modification of Article 13 of the Company’s Articles of 17. Delegation of authority granted to the Board of Directors entailing a Association “Duration of the Directors’ term of office”; capital increase by capitalization of premiums, reserves, profits or 13. Modifications of Articles 15, 16 and 23 of the Company’s Articles other rights; of Association following the governance changes; 18. Delegation of authority granted to the Board of Directors for the 14. Authorization to be granted to the Board of Directors to reduce purpose of deciding capital increases reserved for members of a the share capital by cancelling Company treasury shares; Company Savings Plan (French Plans d’Épargne d’Entreprise or “PEE”) without preferential subscription rights (ceiling of 0,5% 15. Authorisation to be granted to the Board of Directors to of the share capital). proceed with the award of free existing shares (also called performance shares) to the benefit of members of the employed staff and/or executive officers; For the Ordinary Meeting 19. Renewal of the mandate of Director of Leonardo Del Vecchio; 26. Appointment of Marie-Christine Coisne as Director; 20. Renewal of the mandate of Director of Romolo Bardin; 27. Appointment of José Gonzalo as Director; 21. Renewal of the mandate of Director of Juliette Favre; 28. Appointment of Swati Piramal as Director; 22. Renewal of the mandate of Director of Francesco Milleri; 29. Appointment of Nathalie von Siemens as Director; 23. Renewal of the mandate of Director of Paul du Saillant; 30. Appointment of Andrea Zappia as Director; 24. Renewal of the mandate of Director of Cristina Scocchia; 31. Duration of Directors’ mandate; 25. Appointment of Jean-Luc Biamonti as Director; 32. Power to carry out formalities. Ordinary and Extraordinary Shareholders’ Meeting • Behind closed doors • May 21, 2021 • EssilorLuxottica 3 2 HOW TO PARTICIPATE IN THE SHAREHOLDERS’ MEETING? Given the COVID-19 situation and the measures adopted by the Government particularly Ordinance No. 2020-321 of March 25, 2020 and Decree No. 2020-418 of April 10, 2020 as extended by Decree No. 2021-255 of March 9, 2021, the Shareholders’ Meeting will be held behind closed doors and without the physical presence of any shareholder. The Shareholders’ Meeting will be retransmitted live (unless technical reasons make such retransmission impossible or disrupt it seriously) and in replay on the Company’s website. Given the uncertainties regarding remote communications means that could lead to an unequal treatment of shareholders, the Board of Directors of March 11,2021 decided that during the holding of the Meeting, no live vote will take place and no live questions will be asked. Shareholders may ask written questions in the conditions provided for in this notice. 1. Formalities to be carried out to give a proxy or vote by correspondence Shareholders wishing to be represented via proxy, or to vote by mail This accounting entry for the shares must be reported in an or online, in accordance with Article R. 22-10-28 of the French attendance certificate issued by the authorised intermediary, as Commercial Code, will have to provide evidence of ownership of establishment of proof of shareholder status. The attendance their shares by 00:00 am CEST on the second business day prior to certificate issued by the authorised intermediary must be attached the Meeting (i.e. 00:00 am CEST, Wednesday, May 19, 2021): to the mail voting form or the proxy request and should be sent by • For registered shareholders: the authorised intermediary to the following address: Through the listing of their shares on the Company registers held by BNP Paribas Securities Services. • For bearer shareholders: BNP Paribas Securities Through the accounting entry for their shares (in their name or, Services CTO Assemblées Générales for non-resident shareholders, in the name of the intermediary Les Grands Moulins de Pantin listed for their account) in the securities account held by the 9, rue du Débarcadère – 93761 Pantin Cedex banking or financial intermediary that manages it. 2. Ways of participating in the Meeting Only shareholders holding shares registered in a securities account with an authorized intermediary on the following date may participate(1) in the Meeting: Wednesday, May 19, 2021, 00.00 am (CEST), i.e., midnight on Tuesday, May 18, 2021. To PARTICIPATE(1), shareholders are requested to: VOTE BY MAIL VOTE ONLINE Return the voting form by mail OR Go online and select “voting instructions” The form must be received by Deadline: Tuesday, May 18, 2021 Thursday, May 20, 2021, 3:00 pm CEST See instructions on page 9 See instructions on page 6 If you decide to vote online, you must not send your paper voting You have the options of: form back and vice versa. The website will open on Monday, May 3, • giving a proxy to the Chairman of the Meeting or to any other 2021 from 10:00 am CEST and give you the same options as the person at your choice (designating and revoking a proxy); paper voting form. • voting on the resolutions. Note: If you own EssilorLuxottica shares in more than one form (registered, bearer, or through the dedicated employee share ownership fund i.e. “FCPE”), you will have to vote as many times as there are forms if you wish to cast all your voting rights. (1) Participate: vote remotely, give a proxy to the Chairman of the Meeting or another person. 4 Ordinary and Extraordinary Shareholders’ Meeting • Behind closed doors • May 21, 2021 • EssilorLuxottica How to participate in the Shareholders’ Meeting? Ways of participating in the Meeting 2.1 You can participate(1) by appointing a proxy, or by voting by correspondence (mail or online) If you choose to give a proxy to a designated person, due to the COVID-19 crisis, such designated person will be unable to physically attend the Meeting. Warning: Pursuant to Article 6 of Decree No.
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