JCDecaux SA Annual General Meeting, 14 May 2020

The Combined Annual General Meeting of JCDecaux SA (Euronext Paris: DEC) was held on 14 May 2020 behind closed doors with audio transmission.

The Annual General Meeting (AGM) approved all the resolutions put to vote.

In particular, the AGM:

• approved the financial statements for the year ending December 31st, 2019;
• renewed the terms of five members of the Supervisory Board: Bénédicte Hautefort, Marie-Laure Sauty de Chalon and Leila Turner for three-years, and Jean-Pierre Decaux and Pierre Mutz for one year;
• appointed two new members to the Supervisory Board: Jean-Sébastien Decaux for a three-year term, replacing Pierre-Alain Pariente, and Jean-François Ducrest for a one-year term, replacing Xavier de Sarrau for the remainder of the latter’s term;
• approved the 2020 remuneration policy for the members of the Executive Board and the components of remuneration paid or allocated in respect of 2019;
• renewed in advance the financial delegations and authorisations granted to the Executive Board to take account of the formal changes arising from law and regulations;
• approved updates to the Company’s Articles of association in line with the latest legal and regulatory developments;
• approved the conversion of the Company’s form to a European Company governed by an Executive Board and a Supervisory Board.

Following the Meeting, the Supervisory Board renewed Jean-Pierre Decaux’s term as Vice-Chairman of the Supervisory Board for the duration of his term as Supervisory Board member.

The Supervisory Board also appointed Jean-François Ducrest as Chairman of the Audit Committee and as a member of the Ethics Committee for the duration of his term as a Supervisory Board member. It renewed, for the duration of their terms as Supervisory Board members:

• the terms of Pierre Mutz and Bénédicte Hautefort as members of the Audit Committee;
• Pierre Mutz’s term as Chairman of the Compensation and Nominating Committee;
• Pierre Mutz’s term as a member of the Ethics Committee.

The Supervisory Board then appointed Jean-Charles Decaux as Chairman of the Executive Board and Jean-François Decaux as Chief Executive Officer for a period of one year, in accordance with the principle of alternating the Chief Executive Officer position at JCDecaux SA.

For commercial and public-representation purposes, Jean-Charles Decaux and Jean-François Decaux use the title of “Co-Chief Executive Officer” of JCDecaux.