2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 32 MANAGEMENT REPORT 3 Report of the Board of Directors on corporate governance 3.2 COMPOSITION OF THE BOARD OF DIRECTORS AND MANNER INWHICH IT PLANS AND ORGANIZES ITSWORK, TERMS OF OFFICE AND FUNCTIONS OF CORPORATE OFFICERS 3.2.1 Directors in office as of December 31, 2017 Mr. Jacques d’Armand de Chateauvieux Born February 13, 1951 Positions held outside the Group - Statutory Manager of CT Lux Sarl (Luxembourg) - President of JACCAR Holdings SAS (France) - Chairman of SAGES (France) - Chairman of Sapmer SA (listed on Euronext Paris) - Chairman and Director of Sapmer Holding (Singapore) - Chairman of Sapmer Investissements SAS (France) - Chairman and Director of Greenship Holdings Manager Pte. Ltd. (Singapore) - Director of Sinopacific Shipbuilding Group (China) - Chairman of Evergas A/S (Denmark). Positions currently held in the Group’s main subsidiaries (1) None. Positions that have expired in the past five years - Chairman and Managing Director of JACCAR Holdings SA (Luxembourg) - Advisor to CBo Territoria SA (listed on NYSE Euronext Paris) - Director, AXA - Director, Sinopacific Offshore and Engineering (China) Chairman and Chief Executive Officer* Business address: BOURBON Corporation 148 rue Sainte 13007 Marseille First term of office: October 14, 1977 Term expires on: Shareholders’ Meeting called to approve the financial statements for the year ended December 31, 2018 French nationality A graduate of ISG (Paris) and holder of an MBA from Columbia (New York, USA), Jacques d’Armand de Chateauvieux was the leading force in the transformation of the Company from a conglomerate involved in a variety of activities to an international Group devoted to offshore oil and gas marine services. Jacques d’Armand de Chateauvieux was appointed Chairman and Chief Executive Officer of BOURBON Corporation on May 26, 2016 following the decision to combine the roles of Chairman and CEO. Jacques d’Armand de Chateauvieux is President of JACCAR Holdings SAS, the majority shareholder of BOURBON Corporation. * Jacques d’Armand de Chateauvieux has been Chairman of the Board of Directors since March 14, 2018, the date on which the Board of Directors decided to separate the functions of Chairman of the Board of Directors and Chief Executive Officer. (1) Based on the main subsidiaries listed on page 215 of the 2017 Registration Document.