Danone // 2020 Universal Registration Document

Overview of activities, risk factors 2.5 Simplified organizational chart as of December 31, 2020 DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 20 2.5 SIMPLIFIED ORGANIZATIONAL CHART AS OF DECEMBER 31, 2020 The following simplified organizational chart presents the structure of Danone’s overall legal organization. Some subsidiaries may nevertheless have a different parent company. (a) The company Evian Resort, included in the Waters Reporting Entity, operates the Évian Casino and is therefore subject to the control of the French Ministry of Interior and to the regulation applicable to the casino games activity. PARENT COMPANY DANONE SA Danone SA is the parent company of the Danone group. It has mainly a role of (i) holding directly or indirectly companies of the group, and (ii) coordination of the main functions and activities, with an average number of 990 employees in 2020. SUBSIDIARIES The list of Danone’s subsidiaries can be consulted on Danone’s website www.danone.com . MAIN LISTED COMPANIES As of December 31, 2020 Reporting Entity Listing market Centrale Danone (a) EDP Casablanca (Morocco) China Mengniu Dairy (b) EDP Hong Kong (China) Yashili (b) Specialized Nutrition Hong Kong (China) (a) Fully consolidated company. (b) Associate. 2.6 RISK FACTORS IDENTIFICATION AND CONTROL POLICY OF STRATEGIC RISKS Like any company, Danone faces external and internal risks and uncertainties in the implementation of its strategy and in the conduct of its business. Themain specific risks Danone believes it is exposed to as of the date of this Universal Registration Document are descri- bed in the following section. Other risks that could adversely affect the Company in the future may exist; they may be general risks or risks that Danone is unaware of or considers non material as of the date of this Universal Registration Document. Danone maintains an active risk identification and management policy aimed at protecting and developing its assets and reputation, the achievement of its targets and objectives, and protecting the interests of its consumers, shareholders, employees, customers, suppliers, the environment and its other stakeholders without guaranteeing the total absence of risks. Part of the Company Finance Department, the Strategic Planning Department is responsible for identifying and monitoring Danone’s strategic risks, and for coordinating the different processes for managing Danone’s risks. It relies in particular on the finance direc- tors of the Reporting Entities (see section 2.7 Control environment ). To that end, it takes the form of a risk mapping hierarchy based on their likelihood of occurrence and their estimated impact on the Company, as described hereafter. Danone SA (France) Compagnie Gervais Danone (France) Holding Internationale de Boissons (France) Danone Baby & Medical Nutrition B.V. (Netherlands) Dan Investments SAS (France) EDP Reporting Entity subsidiaries Waters Reporting Entity sub- sidiaries (a) Specialized Nutrition Reporting Entity subsidiaries Other subsidiaries and other investments