2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 51 MANAGEMENT REPORT Report of the Board of Directors on corporate governance 3 3.7.5 Summarytable of the compensation of each Executive Director in office as of December 31, 2017 (in euros) Jacques d’Armand de Chateauvieux, Chairman and Chief Executive Officer Fiscal year 2016 Fiscal year 2017 Due for the year Paid over the year Due for the year Paid over the year Fixed compensation 72,000 72,000 144,000 144,000 Variable compensation (1) - - - - Variable long-term compensation - - - - Exceptional compensation - - - - Directors’ fees (2) 30,000 30,000 30,000 30,000 Benefits in kind - - - - TOTAL 102,000 102,000 174,000 174,000 (1) Variable compensation is payable the following year, after approval of the financial statements by the Shareholders’ Meeting. (2) The amount due may vary according to the number of Board meetings held between annual Shareholders’ Meetings. Gaël Bodénès, Chief Operating Officer Fiscal year 2016 Fiscal year 2017 Due for the year Paid over the year Due for the year Paid over the year Fixed compensation 265,005 265,005 326,337 326,337 (3) Variable compensation (1) 26,500 109,975 63,662 26,500 Variable long-term compensation - - - - Exceptional compensation - - - - Directors’ fees for terms of office served in the Group - - - - Benefits in kind (2) 18,320 18,320 18,513 18,513 TOTAL 309,825 393,300 408,512 371,350 (1) Variable compensation is payable the following year, after approval of the financial statements by the Shareholders’ Meeting. (2) Company car + unemployment insurance for senior executives. (3) Of which pay in lieu of vacation amounting to €61,204. Astrid de Lancrau de Bréon Chief Financial Officer (since October 1, 2017) Fiscal year 2016 Fiscal year 2017 Due for the year Paid over the year Due for the year Paid over the year Fixed compensation - - 226,461 226,461 (3) Variable compensation (1) - - 52,800 - Variable long-term compensation - - - - Exceptional compensation - - - - Directors’ fees for terms of office served in the Group 29,000 37,000 - 29,000 Benefits in kind (2) - - 4,247 4,247 TOTAL 29,000 37,000 283,508 259,708 (1) Variable compensation is payable the following year, after approval of the financial statements by the Shareholders’ Meeting. (2) Housing until December 3, 2017; as of December 4, 2017, Astrid de Lancrau de Bréon has had unemployment insurance for senior executives. (3) Of which pay in lieu of vacation amounting to €6,460. No supplementary scheme has been granted by BOURBON Corporation, nor any benefit in kind other than those mentioned in the tables above, for the Chairman and Chief Executive Officer and for each of the Chief Operating Officers.