2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 190 PARENT COMPANY FINANCIAL STATEMENTS 5 Notes to the Company financial statements 2/ Shareholders’ equity 2.1 SHARE CAPITAL STRUCTURE As at December 31, 2017, BOURBON Corporation’s share capital, totaling €49,227,780.19, was divided into 77,499,214 shares. The change in the share capital was as follows: Number of shares € thousands Share capital at December 31, 2007 55,461,302 35,229 Capital increase by issuance of bonus shares through the capitalization of paid-in capital (one bonus share for ten existing shares held) following the Combined General Meeting of June 3, 2009 5,546,130 3,523 Options exercised between January 1, 2009 and June 3, 2009 33,880 22 Capital increase through the capitalization of paid-in capital following the granting of bonus shares to employees on November 2, 2009 76,824 49 Options exercised between June 3, 2009 and December 31, 2009 69,090 44 Options exercised between January 1, 2010 and March 31, 2010 34,775 22 Capital increase through the capitalization of paid-in capital following the granting of bonus shares to employees on November 2, 2009 1,463 1 Options exercised between April 1, 2010 and December 31, 2010 309,081 197 Options exercised between January 1, 2011 and June 1, 2011 24,269 16 Capital increase by issuance of bonus shares through the capitalization of paid-in capital (one bonus share for ten existing shares held) following the Combined General Meeting of June 31, 2011 6,155,681 3,910 Capital increase through the capitalization of paid-in capital following the granting of bonus shares to employees on November 2, 2011 46,284 29 Options exercised between June 1, 2011 and November 2, 2011 22,756 14 Capital increase by issuance of bonus shares through the capitalization of paid-in capital (one bonus share for ten existing shares) following the Combined General Meeting of May 28, 2013 6,778,153 4,305 February 23, 2015 Board of Directors’ decision to cancel treasury shares via a capital reduction on May 4, 2015 (2,953,357) (1,876) Capital increase resulting from the distribution of shares in payment of the 2015 dividend, following the Combined General Meeting of May 26, 2016 4,736,272 3,008 Capital increase resulting from the distribution of shares in payment of the 2016 dividend, following the Combined General Meeting of May 23, 2017 1,156,611 735 Share capital at December 31, 2017 77,499,214 49,227 Following the decision taken by the Extraordinary General Meeting on June 3, 2009, the share capital was increased by €3,522,922 from €35,229,221 to €38,752,143 through the capitalization of a portion of the paid-in capital. This capital increase was completed by the issuance of 5,546,130 new shares allotted to shareholders in the ratio of one new share for ten existing shares. The options exercised in 2009 resulted in the issuance of 102,970 shares and a capital increase of €65,407. The excess subscription price over the par value was recognized as a share premium in the amount of €1,728,930. On November 2, 2009, the issuance of bonus shares to beneficiary employees meeting the criteria used by the Board of Directors of August 27, 2007 led to a capital increase of €48,799 through the capitalization of a portion of the paid-in capital. This capital increase was completed by the issuance of 76,824 new shares. The options exercised in 2010 resulted in the issuance of 343,856 shares and a capital increase of €218,417. The excess subscription price over the par value was recognized as a share premium in the amount of €7,255,299. Following the decision taken by the Extraordinary General Meeting on June 1, 2011, the share capital was increased by €3,910,110 from €39,101,110 to €43,011,221 through the capitalization of a portion of the paid-in capital. This capital increase was completed by the issuance of 6,155,681 new shares allotted to shareholders in the ratio of one new share for ten existing shares. The options exercised in 2011 resulted in the issuance of 47,025 shares and a capital increase of €29,870. The excess subscription price over the par value was recognized as a share premium in the amount of €1,051,361.