2017 REGISTRATION DOCUMENT

BOURBON 2016 Registration Document 10 GENERAL INTRODUCTION TO THE GROUP 2 Bourbon timeline BOURBON offers a broad range of offshore oil and gas marine services. The Company has a large fleet of innovative and highly productive offshore vessels to guarantee the safest and highest quality services to the most demanding oil and gas customers worldwide. BOURBON also protects the French coastline for the French Navy. Classified by ICB (Industry Classification Benchmark ) in the “Oil Services” sector, as of December 31, 2017, BOURBON Corporation had been listed in capitalization compartment B of NYSE Euronext Paris since January 2016. 1. BOURBON TIMELINE Established in 1948, BOURBON Corporation SA (then known as “Sucreries de BOURBON”) was a sugar company based on the Island of Réunion when Jacques d’Armand de Chateauvieux was appointed Chairman in 1979. 3 1980 to 1989: Industrial restructuring of the Sugar activity. Diversification of activities into food-processing, then distribution and marine services. 3 1992: Acquisition of the Compagnie Chambon and its subsidiary Surf, dedicated to offshore oil and gas marine services. 3 1998: Initial Public Offering on the Paris secondary market. 3 2001: The Group steadily disengaged from its historic activities in Foods, Distribution and Sugar and began to concentrate on marine services. 3 2003: Implementation of the 2003-2007 strategic plan, which stepped up the Group’s shift toward the sole business of marine services. 3 2004: BOURBON was classified by Euronext in the “Oil Services” sector. 3 2005: “BOURBON Group” became BOURBON and the head office was transferred from La Réunion to Paris. 3 2006: BOURBON was added to the SBF 120 index. BOURBON completed the 2003-2007 plan a year ahead of schedule and launched a new strategic plan: Horizon 2010. 3 2008: BOURBON extended its strategic plan and outlook within the new strategic plan: Horizon 2012. BOURBON positioned itself in the offshore oil field IMR (Inspection, Maintenance and Repair) market: the Group extended its range of services by launching a new Subsea Services business. 3 2010: BOURBON announced its new strategic plan, the “BOURBON 2015 Leadership Strategy”, which furthered the objectives of the previous plan: a new, USD2 billion investment program to support growth in the deepwater offshore sector while continuing to upgrade its shallow water offshore fleet. 3 2011: Changes in BOURBON’s governance: the roles of Chairman of the Board of Directors and Chief Executive Officer were separated. 3 2012: Bourbon Offshore Surf celebrated 40 years of professionalism in client service. 3 2013: BOURBON implemented its “Transforming for beyond” plan, to prepare for its future growth. As part of the transformation project, BOURBON announced its intention to sell supply vessels for up to USD2.5 billion, while continuing to operate them for ten years under a bareboat chartering contract. 3 2014: After a takeover bid, JACCAR Holdings, controlled by Jacques d’Armand de Chateauvieux, jointly holds with other shareholders 55.8% of BOURBON’s capital and voting rights. BOURBON successfully completed its first bond issuance (Perpetual Deeply Subordinated Notes (TSSDI)), for €100 million. This has been followed the following year by a second bond issue that is part of the same issuance as the initial bonds, for an amount of €20 million. 3 2016: In an offshore oil and gas sector marked by the drop in the price of oil, BOURBON proved its resilience not just in terms of its operational performance and cost control, but also with the completion of its Transforming for Beyond action plan, which enabled the generation of free cash flow. “BOURBON SA” became “BOURBON Corporation SA”. 3 2017 to 2018: BOURBON announced its strategic action plan #BOURBONINMOTION in February 2018, which will enable the Group to remain competitive and meet its clients’ new requirements in a market environment which has put all Oil & Gas industry players to the test.