LIONEL ZINSOU-DERLIN Independent Director Born October 23, 1954, French and Beninese nationalities 2016 BoD attendance rate: 67%

Personal background – experience and expertise Lionel ZINSOU-DERLIN is a graduate of the École Normale Supérieure (Ulm), the London School of Economics and the Institut d’Études Politiques of Paris. He holds a Master’s degree in Economic History and is an Associate Professor of Economic and Social Sciences. He started his career as a Senior Lecturer and Professor of Economics at Université Paris XIII. Between 1984 and 1986, he was an Adviser to the Minister of Industry and the Prime minister of Benin. In 1986, he joined Danone where he held various positions, including Group Corporate Development Director and then Chief Executive Officer of HP Foods and Lea & Perrins. In 1997, he joined Rothschild & Cie bank as Managing Partner where he was Head of the Consumer Products Group, Head of Middle East and Africa region and a member of the Global Investment Bank Committee. In 2008, he joined PAI Partners SAS, where he served as Chairman between 2009 and 2015 and was Chairman of the Executive Committee between 2010 and 2015. He has been Vice-Chairman of the Supervisory Board of PAI Partners SAS since 2015. From June 2015 to April 2016, he was the Prime minister of Benin.

Positions and responsibilities as of December 31, 2016 Listed companies Director and Member of the Nomination and Compensation Committee of DANONE SA Unlisted companies Vice-Chairman of the Supervisory Board of PAI Partners SAS Director of INVESTISSEURS & PARTENAIRES (Mauritius), I&P AFRIQUE ENTREPRENEURS (Mauritius) Chairman and Member of the Supervisory Board of LES DOMAINES BARONS DE ROTHSCHILD (LAFITE) SCA Manager of SOFIA - SOCIETE FINANCIERE AFRICAINE SARL Associations/Foundations/Other Founder and Treasurer of FONDATION ZINSOU (Benin) Director of CARE France Member of the Strategy Steering Committee of FONDATION POUR LES ÉTUDES EN RECHERCHES SUR LE DÉVELOPPEMENT INTERNATIONAL

Positions and responsibilities during the past five years Listed companies Director of KAUFMAN & BROAD SA Unlisted companies Chairman and Chairman of the Executive Committee of PAI PARTNERS SAS Director of PAI SYNDICATION GENERAL PARTNER LIMITED (Guernsey), PAI EUROPE III GENERAL PARTNER LIMITED (Guernsey), PAI EUROPE IV GENERAL PARTNER LIMITED (Guernsey), PAI EUROPE V GENERAL PARTNER LIMITED (Guernsey), PAI EUROPE VI GENERAL PARTNER LIMITED (Guernsey), STRATEGIC INITIATIVES FRANCE SAS Member of the Advisory Council of MOET HENNESSY Member of the Supervisory Board of CERBA EUROPEAN LAB SAS Alternate Director of UNITED BISCUITS TOPCO LTD (Luxembourg)

DANONE REGISTRATION DOCUMENT 2016