2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 59 MANAGEMENT REPORT Report of the Board of Directors on corporate governance 3 3.8.6 Commitments of anykind made bythe Companyto its Executive Directors Executive Directors affected by the recommendation of AFEP-MEDEF Employment contract Supplementary pension scheme Indemnity or benefits payable or potentially payable due to termination or change of function Indemnity as a result of a non- competition clause Yes No Yes No Yes No Yes No Jacques d’Armand de Chateauvieux (1), Chairman and Chief Executive Officer Start of term of office: 05.26.2016 End of term of office: Shareholders’ Meeting called to approve the financial statements for the fiscal year ending on 12.31.2018 x x x x Gaël Bodénès (2), , Chief Operating Officer Start of term of office: 05.26.2016 End of term of office: Shareholders’ Meeting called to approve the financial statements for the fiscal year ending on 12.31.2018 (3) x x x Astrid de Lancrau de Bréon, Chief Financial Officer Start of term of office: 10.01.2017 End of term of office: Shareholders’ Meeting called to approve the financial statements for the fiscal year ending on 12.31.2018 (4) x x x Christian Lefèvre Chief Operating Officer End of term of office: October 1, 2017 (5) (1) Jacques d’Armand de Chateauvieux has been Chairman of the Board since March 14, 2018. His term of office will end following the Shareholders’ Meeting called to approve the financial statements for the fiscal year ending on 12.31.2018. (2) Gaël Bodénès has been Chief Executive Officer since March 14, 2018 and his term of office will end following the Shareholders’ Meeting called to approve the financial statements of the fiscal year ending on 12.31.2018. (3) The employment contract signed by Gaël Bodénès with the EIG Bourbon Management has been suspended. (4) The employment contract signed by Astrid de Lancrau de Bréon with BOURBON Corporation SA has been suspended. (5) Christian Lefèvre stepped down as Chief Operating Officer on October 1, 2017. His employment contract with the EIG Bourbon Management ended on September 30, 2017.