2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 40 MANAGEMENT REPORT 3 Report of the Board of Directors on corporate governance 3.2.5 The Board is also assisted byan advisor, as allowed bythe bylaws Mr. Henri d’Armand de Chateauvieux Born August 17, 1947 Positions held outside the Group - Chairman of Mach-Invest SAS - Chairman and Managing Director of Mach-Invest International (Luxembourg) - Director of Sapmer Holding Pte Ltd (Singapore) Positions currently held in the Group’s main subsidiaries (1) None Positions that have expired in the past five years - Director of Sapmer SA (company listed on Euronext Paris) Advisor since August 25, 2014 Brother of the Chairman of the Board of Directors and father of Astrid de Lancrau de Bréon. French nationality A pilot for Air France for over 30 years, Henri d’Armand de Chateauvieux was a Director at BOURBON from 1987 to 2014. As of December 31, 2017, through the companies Mach-Invest and Mach-Invest International, Henri d’Armand de Chateauvieux held 7.98% of BOURBON Corporation SA’s capital. (1) Based on the main subsidiaries listed on page 215 of the 2017 Registration Document. 3.2.6 Other non-Director corporate officer members of the General Management of BOURBON Corporation at December 31, 2017 Mr. Gaël Bodénès Born April 3, 1968 Positions held outside the Group None Positions currently held in the Group’s main subsidiaries (1) - Representative of Bourbon Offshore SASU and Chairman of Bourbon Offshore Surf SAS - Chief Executive Officer of Bourbon Supply Investissements SASU - Chief Executive Officer of Bourbon Maritime SASU - Director of Bourbon Supply Asia PTE LTD Positions that have expired in the past five years None Chief Operating Officer – Operations* Since January 1, 2011 Business address: 148 rue Sainte, 13007 Marseille Term expires on: Shareholders’ Meeting called to approve the financial statements for the year ended December 31, 2018 French nationality Gaël Bodénès is a naval engineer who graduated from ENSIETA (Naval Engineering School) in 1991. He also has an MBA awarded by HEC (Business School) Paris in 2007. He began his career with the French Navy (DGA) as a naval engineer in the Newbuilding Design department, then joined the Sales department of the DCN in Brest (France). In 1998, he joined Barry Rogliano Salles as an offshore shipbroker. In September 2002, Gaël Bodénès joined BOURBON as Marketing and Business Development Manager for the Offshore Division. In line with the growth of the business, he contributed to the structuring of the Offshore Division and to the development of the Marketing Department of BOURBON Offshore. In September 2005, he was appointed Deputy CEO of BOURBON Offshore, before becoming Deputy CEO of the Offshore Division, in charge of Business Management, in 2010. Since January 2011, he has been Chief Operating Officer of BOURBON Corporation. * Gaël Bodénès has been Chief Executive Officer of BOURBON Corporation SA since March 14, 2018, the date when 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.