NOTICE OF MAKE-WHOLE REDEMPTION OF THE FOLLOWING NOTES

Reference is made to the EUR 600,000,000 3.750 per cent. Notes due 15 September 2027 issued by Pernod Ricard on 15 September 2023 (ISIN Code: FR001400KPB4) (of which EUR 280,600,000 is currently outstanding) (the "Notes") pursuant to the terms and conditions set forth in the base prospectus dated 24 October 2022 which received approval no. 22-421 from the Autorité des Marchés Financiers on 24 October 2022 (the "Terms and Conditions"), as completed by the final terms dated 13 September 2023 relating to the Notes.

All capitalized terms used herein and not defined shall have the meaning assigned to such terms in the Terms and Conditions.
    
Pursuant to Condition 7(f) (Make-whole Redemption by the Issuer) of the Terms and Conditions, Pernod Ricard hereby gives notice to the Noteholders of the redemption of the outstanding Notes, in whole, at their Make-whole Redemption Amount (which will be calculated by Conv-Ex Advisors Limited in its capacity as Make-Whole Calculation Agent).

1. The redemption date for the Notes will be 27 November 2026 (the "Make-whole Redemption Date").
2. Payment of the Make-Whole Redemption Amount on the Make-whole Redemption Date will be made in accordance with Condition 6(a) (Payments – Dematerialised Notes) of the Terms and Conditions. For the avoidance of doubt, the Make-whole Redemption Amount shall be inclusive of accrued interest to (but excluding) the Make-whole Redemption Date (the amount of such accrued interest being EUR 750.00 per each Note in the Specified Denomination of EUR 100,000).
3. All Notes redeemed following payment of the Make-Whole Redemption Amount will be cancelled in accordance with Condition 7(k) (Cancellation) of the Terms and Conditions.

For further information, please contact Alex.Duncanson@pernod-ricard.com