2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 111 CONSOLIDATED FINANCIAL STATEMENTS Statement of changes in equity 4 Unrealized or deferred profit/loss Other reserves and income Total shareholders’ equity, group share Shareholders’ equity made up of non- controlling interests Total consolidated shareholders’ equity Related to currency translation differences Related to net investment in foreign operations Related to actuarial differences Change in the fair value of available- for-sale assets Change in fair value of hedge derivatives (31.3) (4.8) (3.7) - (10.7) 944.3 1,143.7 111.8 1,255.5 - - - - - (576.3) (576.3) (32.6) (608.9) (27.0) - 0.2 - 14.5 - (12.3) (3.8) (16.2) - - - - 14.5 - 14.5 0.1 14.6 - - 0.2 - - - 0.2 - 0.2 (27.0) - - - - - (27.0) (4.0) (31.0) (27.0) - 0.2 - 14.5 (576.3) (588.6) (36.5) (625.1) - - - - - - - - - - - - - - (8.5) (8.5) (9.8) (18.3) - - - - - (10.5) - - - - - - - - - - - - - - - - - - - - - - - - - - 1.3 1.3 - 1.3 - - - - - (4.8) (0.2) - (0.2) - - - - (1.5) 22.7 23.5 6.9 30.4 - - - - (1.5) 0.3 16.1 (3.0) 13.1 (58.3) (4.8) (3.5) - 2.2 368.4 571.3 72.3 643.6