2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 191 PARENT COMPANY FINANCIAL STATEMENTS Notes to the Company financial statements 5 On November 2, 2011, 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 €29,400 through the capitalization of a portion of the paid-in capital. This capital increase was completed by the issuance of 46,284 new shares. Following the decision taken by the Extraordinary General Meeting on May 28, 2013, the share capital was increased by €4,305,507 from €43,055,075 to €47,360,582 through the capitalization of a portion of the paid-in capital. This capital increase was completed by the issuance of 6,778,153 new shares allotted to shareholders in the ratio of one new share for ten existing shares. Following the Board’s decision of February 23, 2015 to cancel treasury shares, the capital was reduced by €1,875,983 from €47,360,582 to €45,484,599 and the difference between the overall purchase cost of buying the canceled treasury shares and their par value was charged against the item “Other reserves”. Following the decision of the Combined General Meeting of May 26, 2016 and the payment of the portion of the 2015 dividend in new Company shares on July 18,2016, the share capital was increased by €3,008,497 to €48,493,097 by incorporation of a portion of the “issuance premiums” account, through the issuance of 4,736,272 new shares. Following the decision of the Combined General Meeting of May 23, 2017 and the payment of the portion of the 2016 dividend in new Company shares on July 17, 2017, the share capital was increased by €734,683 to €49,227,780.19 through the issuance of 1,156,611 new shares. Class of securities Number of securities At year-end Issued during the year Reimbursed during the year Ordinary shares 77,499,214 1,156,611 - 3 NUMBER OF SHARES OUTSTANDING BETWEEN THE OPENING DATE AND THE CLOSING DATE Class of securities 01.01.2017 Increases Decreases 12.31.2017 Number of shares 76,342,603 1,156,611 - 77,499,214 Number of treasury shares held (426,576) (698,286) 997,722 (127,140) TOTAL 75,916,027 458,325 997,722 77,372,074 3 NUMBER OF SHARESWITHVOTING RIGHTS AS OF DECEMBER 31, 2017 Number of shares outstanding 77,499,214 Of which number of treasury shares with no voting rights 127,140 Number of shares with voting rights 77,372,074