2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 39 MANAGEMENT REPORT Report of the Board of Directors on corporate governance 3 3.2.4 Directorships that expired in 2017 Mr. Guillaume d’Armand de Chateauvieux Born July 28, 1978 Positions held outside the Group None Positions currently held in the Group’s main subsidiaries (1) None Positions that have expired in the past five years None Director Member of the Audit Committee Business address: 148 rue Sainte 13007 Marseille First term of office: May 21, 2015 End of term: June 19, 2017 French nationality Mr. Bernhard Schmidt Born September 19, 1960 Positions held outside the Group - Member of the Supervisory Board, Tougas Gmbh (Germany) - Member of the Supervisory Board, Metargo AG (Austria) - Chairman of Ryco Energy Solutions Inc. (US) - Member of the Rohölaufsuchungsgesellschaft AG Advisory Board (Austria) Positions currently held in the Group’s main subsidiaries (1) None Positions that have expired in the past five years None Director Member of the Nominating, Compensation and Governance Committee Business address: Petroleum Equity Group Berkeley Square London, W1J 6BD First term of office: May 20, 2014 End of term: May 23, 2017 Austrian nationality Ms. Astrid de Lancrau de Bréon Born December 23, 1979 Positions held outside the Group None Positions currently held in the Group’s main subsidiaries (1) - Chief Financial Officer of BOURBON Corporation SA - Chairwoman of Bourbon Maritime Positions that have expired in the past five years None Director Member of the Nominating, Compensation and Governance Committee Business address: 148 rue Sainte 13007 Marseille Niece of the Chairman and Chief Executive Officer and daughter of the Advisor. First term of office: May 20, 2014 End of term: February 1, 2017 French nationality (1) Based on the main subsidiaries listed on page 215 of the 2017 Registration Document.