2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 100 MANAGEMENT REPORT 3 Financial results of the parent company over the last five years FINANCIAL RESULTS OF THE PARENT COMPANY OVER THE LAST FIVE YEARS Description 2017 2016 2015 2014 2013 Capital stock at year-end Capital (in € thousands) 49,228 48,493 45,485 47,361 47,361 Number of ordinary shares outstanding 77,499,214 76,342,603 71,606,331 74,559,688 74,559,688 Number of outstanding preferred dividend shares (without voting rights) - - - - - Maximum number of future shares to be issued - by conversion of bonds - - - - - - by exercise of subscription rights and award of bonus shares 793,700 3,542,909 3,925,650 6,193,275 6,375,325 Operation and net income for the period (in € thousands) Revenues excluding taxes - - - - - Income before tax, employee profit-sharing and amortization, depreciation and provisions 38,100 22,295 53,114 50,593 51,495 Income tax (29,337) (10,909) (11,980) (17,984) (4,320) Employee profit-sharing for the fiscal year - - - - Income after tax, employee profit-sharing and amortization, depreciation and provisions 71,925 28,371 63,627 71,726 52,784 Distributed net income - (1) 18,979 (2) 71,207 (3) 71,580 (4) 71,589 (5) Earnings per share (in €) Income after tax, employee profit-sharing but before amortization, depreciation and provisions 0.87 0.43 0.91 0.92 0.75 Income after tax, employee profit-sharing and amortization, depreciation and provisions 0.93 0.37 0.89 0.96 0.71 Dividend per share 0.00 (1) 0.25 (2) 1.00 (3) 1.00 (4) 1.00 (5) Personnel Average number of employees during the fiscal year 2 1 0 0 0 Amounts paid in respect of employment benefits for the fiscal year (social security, social welfare, etc.) 170 19 0 0 0 (1) no distribution of dividends as proposed by the Board of Directors on March 14, 2018 (2) i.e. €0.25 per share as recommended by the Board of Directors on March 13, 2017, after deducting dividends attached to treasury shares. (3) i.e. €1 per share as recommended by the Board of Directors on March 7, 2016, after deducting dividends attached to treasury shares. (4) i.e. €1 per share as recommended by the Board of Directors on February 23, 2015, after deducting dividends attached to treasury shares. (5) i.e. €1 per share as recommended by the Board of Directors on March 3, 2014, after deducting dividends attached to treasury shares.