2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 151 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements 4 Non-discounted contractual flows on the outstanding balance of the net financial liabilities by maturity date, including interest flows and taking into account the reclassifications performed pursuant to IAS 1, are as follows: (in € millions) 2018 2019 2020 2021 2022 > 5 years Total Balance sheet total Bonds - - - - - - - Commercial paper - - - - - - - Draws on credit facilities - - - - - - Borrowings on finance leases 45.3 12.6 7.9 3.8 4.4 - 74.1 74.1 Other bank loans 1,296.0 28.6 27.9 31.5 26.1 40.9 1,451.1 1,451.1 Accrued interest 7.2 - - - - - 7.2 7.2 Borrowings 1,348.5 41.2 35.9 35.4 30.5 40.9 1,532.3 1,532.3 Bank overdrafts and cash current accounts 76.4 - - - - - 76.4 76.4 Accrued interest 0.0 - - - - - 0.0 0.0 Cash and cash equivalents (243.6) - - - - - (243.6) (243.6) Net cash (167.2) - - - - - (167.2) (167.2) TOTAL NET FINANCIAL DEBT 1,181.3 41.2 35.9 35.4 30.5 40.9 1,365.2 1,365.2 (in € millions) 2018 2019 2020 2021 2022 > 5 years Total Interest on finance lease borrowings 5.3 3.7 2.4 1.3 0.6 0.4 13.8 Interest on bonds 7.8 8.2 8.6 11.3 11.5 25.7 73.1 Interest on other bank borrowings 48.7 43.0 39.2 40.8 31.1 32.2 235.0 Future variable-rate interest flows were determined using the predicted rates of the indexes in question at year-end. Interest flows on bonds takes into account interest adjustment clauses (See note 3.9). At December 31, 2016 (in € millions) 2017 2018 2019 2020 2021 > 5 years Total Balance sheet total Bonds - - - - - - - Commercial paper - - - - - - - Draws on credit facilities - - - - - - Borrowings on finance leases 30.8 10.1 9.1 5.7 2.9 3.9 62.5 62.5 Other bank loans 1,199.4 37.0 35.4 23.2 23.6 67.8 1,386.3 1,386.3 Accrued interest 7.6 - - - - - 7.6 7.6 Borrowings 1,237.8 47.1 44.5 28.9 26.5 71.7 1,456.4 1,456.4 Bank overdrafts and cash current accounts 293.2 - - - - - 293.2 293.2 Accrued interest 0.1 - - - - - 0.1 0.1 Cash and cash equivalents (281.5) - - - - - (281.5) (281.5) Net cash 11.8 - - - - - 11.8 11.8 TOTAL NET FINANCIAL DEBT 1,249.6 47.1 44.5 28.9 26.5 71.7 1,468.2 1,468.2 (in € millions) 2017 2018 2019 2020 2021 > 5 years Total Interest on finance lease borrowings 3.5 2.3 1.3 0.5 0.2 0.1 7.9 Interest on bonds* 5.7 8.0 8.2 8.6 11.3 37.6 79.4 Interest on other bank borrowings 43.5 31.2 26.3 15.9 17.3 14.4 148.6 * Withdrawn by construction over a period of 10 years from the date of the beginning of the loan, i.e. until 2024.