2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 188 PARENT COMPANY FINANCIAL STATEMENTS 5 Income statement of the parent company BOURBON Corporation SA INCOME STATEMENT OF THE PARENT COMPANY BOURBON CORPORATION SA (in € thousands) 2017 2016 I. OPERATING INCOME Income from services - - Revenues - - Reversals of provisions (and amortizations), expense transfers 262 165 Other income 0 - TOTAL I 262 165 II. OPERATING EXPENSES Other purchases and external expenses 3,090 3,623 Taxes and similar levies 484 705 Wages & salaries 419 72 Social security contributions 4,628 3,817 Provisions for amortization - - Provisions for current assets - - Provisions for risks and contingencies - - Other expenses 429 493 TOTAL II 9,050 8,710 OPERATING INCOME/LOSS (8,788) (8,545) III. FINANCIAL INCOME Financial income from investments 54,506 40,106 Income from other securities and fixed asset receivables - - Other interest receivable and similar income 1,113 1,291 Reversals of provisions and expense transfers - - Foreign exchange gains 1 2 Net income from sale of securities - - TOTAL III 55,620 41,399 IV. FINANCIAL EXPENSES Depreciation allowance and provisions 0 - Interest and similar expenses 6,032 7,352 Foreign exchange losses 0 - Net loss from sale of securities - - TOTAL IV 6,032 7,352 FINANCIAL INCOME/LOSS 49,588 34,047 INCOME FROM CURRENT OPERATIONS 40,800 25,502 V. NON-RECURRING INCOME Income from management operations - - Income from capital transactions 154 244 Reversals of provisions and expense transfers 4,570 500 TOTAL V 4,725 744 VI. NON-RECURRING EXPENSES Expenses on management operations 8 1 Expenses on capital transactions 2,589 3,387 Amortization, depreciation and provisions 340 5,396 TOTAL VI 2,936 8,784 NON-RECURRING INCOME 1,789 (8,040) VII. INCOME TAX (29,337) (10,909) Total income 60,607 42,308 Total expenses (11,319) 13,937 NET INCOME FOR THE PERIOD 71,925 28,371