2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 186 PARENT COMPANY FINANCIAL STATEMENTS 5 Parent company balance sheet – BOURBON Corporation SA PARENT COMPANY BALANCE SHEET – BOURBON CORPORATION SA Assets (in € thousands) As of 12.31.2017 12.31.2016 Gross Depreciation, amortization and provisions Net Net I. FIXED ASSETS Intangible assets Other intangible assets 1 - 1 - Property, plant and equipment Land - - - - Buildings - - - - Other property, plant and equipment - - - - Property, plant and equipment in progress - - - - Long-term financial assets Equity interests 42,507 8 42,499 42,499 Receivables from non-consolidated companies - - - - Loans - - - - TOTAL I 42,507 8 42,500 42,499 II. CURRENT ASSETS Inventories In progress - - - - Advances and installments on orders - - - - Accounts receivable Trade and other receivables - - - 123 Other receivables 904,011 - 904,011 835,178 Other Marketable securities 1,191 - 1,191 5,711 Cash and cash equivalents 204 - 204 429 Prepaid expenses 30 - 30 21 TOTAL II 905,437 - 905,437 841,462 Unrealized foreign exchange losses 0 - 0 - TOTAL ASSETS 947,944 8 947,937 883,961