Beauparc operates in a global environment where competition law plays an important role. Beauparc is committed to the highest standards of integrity and believes in the benefits of fair competition for consumers, businesses and the economy in general. It is Beauparc policy that Beauparc,

its subsidiaries and its employees strictly comply with thecompetition, anti-trust and anti-monopoly laws of all jurisdictions in which they conduct business. Beauparc will take any infringements of such laws extremely seriously.

Breaches of competition law could expose Beauparc and its employees to significant fines, penalties and reputational damage. It is the responsibility of all Beauparc employees to ensure compliance with competition law.