2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 11 GENERAL INTRODUCTION TO THE GROUP 2 Activities 2. SIMPLIFIED OVERVIEW OF BOURBON’S BUSINESS ACTIVITIES Marine services Subsea Services - Offshore installation supply - Offshore operations engineering, supervision and management - Offshore installation anchor handling, towage and positioning - Offshore field and wind farm development support - Offshore oil and gas production and storage terminal support - Inspection, Maintenance and Repair (IMR) of submarine infrastructure - Personnel transport - Remotely Operated Vehicles - Assistance, salvage and pollution remediation - Subsea well stimulation BOURBON provides its clients with marine resources, equipment, Remotely Operated Vehicles, and crews, billing its clients for daily charters under chartering contracts ranging from spot to five-year charters. Fifteen affiliates in charge of ship management ensure the reliability of the fleet on a daily basis, supported by a centralized maintenance organization based in Dubai, to ensure that each vessel is certified, manned, supplied and properly maintained. Further, as part of its Subsea Services business, BOURBON offers its clients integrated contracts which limit the number of interfaces for the client. These contracts include: the provision of IMR vessels and Remotely Operated Vehicles operated by BOURBON personnel, as well as engineering and management services. Some services can be provided on a fixed-price basis with a performance commitment. These services account for less than 20% of Subsea revenue. The list of companies that make up the Group as well as their geographical locations are presented in note 5.8 to the consolidated financial statements (pages 174 to 178). 3. ACTIVITIES BOURBON supplies a wide range of maritime support services for exploration, production and development of offshore gas and oil fields, either in shallow water offshore or deepwater offshore. The Group offers local services through its 29 operating subsidiaries, which are close to clients and their operations. It meets the highest operational excellence and risk management standards all over the world. The Group has two divisions, Marine Services and Subsea Services. For over 30 years, it has also been protecting the French coast on behalf of the French navy. BOURBON’s added value comes from its ability to provide solutions to all oil and gas clients through a range of maritime services which reflect its operational excellence and risk management priorities based on: 3 a modern, diversified fleet of 508 offshore vessels, most of which were built in series; 3 8,400 employees working under the flag of excellence; 3 a single operations and safety management system focused on customer satisfaction; 3 a network of local subsidiaries that supports vessel operations and provides local services to customers. To continue to better serve its customers, BOURBON has announced the reorganization of the Group’s activities into three separate subsidiaries: Bourbon Marine & Logistics, Bourbon Subsea Services and Bourbon Mobility. These three entities will implement their own strategy and have dedicated governance structures. They will focus on profitable growth through the development of their models towards more integrated services. These strategic elements are detailed in section 2.3 of the management report (page 28).