2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 208 PARENT COMPANY FINANCIAL STATEMENTS 5 Statutory Auditors’ special report on regulated agreements and commitments AGREEMENTS AND COMMITMENTS PREVIOUSLY APPROVED BY THE SHAREHOLDERS’ MEETING Agreements and commitments approved in prior years a) with continuing effect during the year Pursuant to Article R. 225-30 of the French Commercial Code, we have been informed that the following agreements and commitments, previously approved by Shareholders’ Meetings of prior years, have remained in force during the year. With Mr. Laurent Renard, ExecutiveVice President and Chief Financial Officer of BOURBON Nature and purpose: Considering Mr. Laurent Renard’s seniority within BOURBON, the strategic positions he held for over 10 years and his extensive knowledge of BOURBON’s business, strategy and outlook and the financial, economic, commercial and technical information to which he had access, as well as his privileged relations with customers, a non-compete undertaking relating to the termination of a manager’s duties upon retirement was concluded in order to preserve the legal interests of BOURBON and the Group’s subsidiaries. Parties concerned: Mr. Laurent Renard, Executive Vice President and Chief Financial Officer of BOURBON until 31 December 2014. Terms and conditions during the year: Under the 3-year agreement signed by the Company with Mr. Laurent Renard in December 2014 and effective as of 1 January 2015, a series of payments totalling €300,000 (compensation in the form of a salary) shall be made on 31 January 2016, 31 January 2017 and 31 January 2018 at the latest. Thus, a gross payment of €110,000 was made in this respect in 2017. b) without effect during the year 1. With SINOPACIFIC Group companies With ZHEJIANG SHIPBUILDING Co, Ltd Nature and purpose: Ship orders placed with ZHEJIANG SHIPBUILDING Co, Ltd, with advances on construction contracts. Parties concerned at the signature date: Mr. Jacques d’Armand de Chateauvieux, Chairman and Chief Executive Officer of BOURBON and partner in SINOPACIFIC. Terms and conditions during the year, unchanged compared to 31 December 2015 and December 2016: As at 31 December 2016, orders in progress concerned one ship for an amount of $46.8 million. On the same date, these orders resulted in the payment of advances totalling $39.1 million, covered for up to $36.5 million by advance payment guarantees granted by SINOPACIFIC SHIPBUILDING. With CROWN HERA, Ltd and ZHEJIANG SHIPBUILDING Co, Ltd Ship orders with ZHEJIANG SHIPBUILDING Co, Ltd via CROWN HERA, Ltd under the framework agreement signed between BOURBON OFFSHORE (BOURBON subsidiary) and CROWNSHIP, Ltd and ZHEJIANG SHIPBUILDING Co, Ltd involving 62 ships to be delivered between 2012 and 2014. Nature and purpose: Order for eight PSV offshore ships (SPP 35 design) Parties concerned at the signature date: Mr. Jacques d’Armand de Chateauvieux, Chairman and Chief Executive Officer of BOURBON and director of SINOPACIFIC and Mrs. Lan Vo, director of BOURBON and of SINOPACIFIC. Terms and conditions during the year, unchanged compared to 31 December 2015 and to December 2016: The order totalled $204.8 million and is subject to the terms of the framework agreement signed on 25 June 2010. It replaces the initially planned order of 20 SPU 1000s. As at 31 December 2017, orders in progress concerned one ship for an amount of $25.6 million and resulted in the payment of advances totalling $6.5 million, not covered by advance payment guarantees. Lyon and Marseille, 24 April 2018 The Statutory Auditors EurAAudit C.R.C Cabinet Rousseau Consultants Deloitte & Associés Jean-Marc ROUSSEAU Christophe PERRAU