2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 187 PARENT COMPANY FINANCIAL STATEMENTS Parent company balance sheet – BOURBON Corporation SA 5 Liabilities (in € thousands) 12.31.2017 12.31.2016 I. SHAREHOLDERS’ EQUITY Share Capital 49,228 48,493 Share premium 100,788 91,021 Legal reserve 7,878 7,878 Regulated reserves 15,395 15,395 Other reserves 431,443 431,442 Retained earnings 136,783 127,384 Profit (loss) for the period 71,925 28,371 Investment subsidies Income from issues of equity securities 119,723 119,723 TOTAL I 933,163 869,707 II. PROVISIONS FOR RISKS AND CONTINGENCIES For risks 729 5,217 For contingencies 536 536 TOTAL II 1,265 5,753 III. LIABILITIES Bank borrowings - - Other borrowings and financial liabilities 1,440 1,050 Trade and other payables 1,138 415 Tax and social security liabilities 303 143 Fixed asset and other payables - - Other liabilities 10,629 6,892 Deferred income - - TOTAL III 13,509 8,500 Unrealized foreign exchange gains - - TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 947,937 883,961