2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 133 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements 4 3.3 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment was worth €1,9230.2 million as of December 31, 2017, and broke down as follows: (in € millions) Gross Depreciation, amortization and provisions Net 01.01.2016 3,883.9 (1,380.9) 2,503.0 Acquisitions 192.7 (302.1) (109.4) Disposals (104.3) 59.4 (44.9) Change in scope 0.0 (0.0) 0.0 Currency translation adjustment 38.0 (23.7) 14.3 Reclassification and other changes 2.2 0.1 2.2 IFRS 5 reclassification* 72.4 - 72.4 12.31.2016 4,084.9 (1,647.3) 2,437.6 Acquisitions 65.6 (444.7) (379.1) Disposals (122.7) 75.7 (47.1) Change in scope - - - Currency translation adjustment (161.5) 74.6 (86.9) Reclassification and other changes (3.9) 2.7 (1.2) IFRS 5 reclassification* - - 12.31.2017 3,862.3 (1,939.0) 1,923.2 * Reclassification of discontinued operations/operations held for sale. Over fiscal year 2017, interim borrowing costs capitalized in the cost of the vessels amounted to €0.6 million. 3 Details of gross property, plant and equipment: (in € millions) Land Buildings Investment properties Technical facilities Vessels, overhaul and capital expenditures on leased vessels Other property, plant and equipment Property, plant and equipment in progress Total 01.01.2016 1.6 41.6 0.7 10.8 3,714.3 11.6 103.3 3,883.9 Acquisitions - - - 0.6 66.0 0.2 125.9 192.7 Disposals - - - (0.4) (57.8) (1.3) (44.8) (104.3) Change in scope - - - - - 0.0 - 0.0 Currency translation adjustment 0.0 1.0 - (0.3) 37.6 0.2 (0.6) 38.0 Reclassification and other changes - (0.3) - 0.6 105.4 (0.6) (103.0) 2.2 IFRS 5 reclassification* - - - - 72.4 - - 72.4 12.31.2016 1.6 42.3 0.7 11.3 3,938.0 10.2 80.8 4,084.9 Acquisitions - 0.0 - 0.3 36.9 0.3 28.1 65.6 Disposals - (0.7) - (0.4) (97.1) (0.3) (24.2) (122.7) Change in scope - - - - - - - - Currency translation adjustment (0.1) (3.9) - (0.5) (153.6) (0.7) (2.7) (161.5) Reclassification and other changes - (0.1) - 0.2 0.3 0.1 (4.5) (3.9) IFRS 5 reclassification* - - - - - - - 12.31.2017 1.6 37.7 0.7 10.8 3,724.5 9.5 77.4 3,862.3 * Reclassification of discontinued operations/operations held for sale.