UNIVERSAL REGISTRATION DOCUMENT ANNUAL …

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UNIVERSAL REGISTRATION DOCUMENTANNUAL FINANCIAL REPORT2020KEY FIGURES 211INFORMATION ABOUT THE ISSUER AND INFORMATION ON THE UNIVERSAL REGISTRATION DOCUMENT Information about the Issuer Information about the UNIVERSAL REGISTRATION DOCUMENT Person responsible for the UNIVERSAL REGISTRATION DOCUMENT 922OVERVIEW OF ACTIVITIES, RISK FACTORS Presentation of Danone Strategic priorities Description and strategy of the Reporting Entities Other elements related to Danone s activity and organization Simplified organizational chart as of December 31, 2020 Risk factors Control environment Insurance and risk coverage 3733BUSINESS HIGHLIGHTS IN 2020 AND OUTLOOK FOR 2021 Business highlights in 2020 Consolidated net income review Free cash flow Balance sheet and financial security review Outlook 2021 Financial indicators not defined in IFRS Documents available to the public 5644FINANCIAL STATEMENTS Consolidated financial statements and notes to the consolidated financial statements Financial statements of Danone SA, the parent company Information on payment

AND INFORMATION ON THE UNIVERSAL REGISTRATION DOCUMENT 5 1.1 Information about the Issuer 6 1.2 Information about the Universal Registration Document 7 1.3 Person responsible for the Universal Registration Document 9 2 OVERVIEW OF ACTIVITIES, RISK FACTORS 11 2.1 Presentation of Danone 12 2 . 2 es i t ri o ri p c i g e t a r t S 3 1

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