2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 63 MANAGEMENT REPORT 3 Summary table of delegations of power and current authorizations granted by the shareholders’ meeting to the Board of Directors for capital increases SUMMARY TABLE OF DELEGATIONS OF POWER AND CURRENT AUTHORIZATIONS GRANTED BY THE SHAREHOLDERS’ MEETING TO THE BOARD OF DIRECTORS FOR CAPITAL INCREASES Date of the Shareholders’ Meeting Nature of the delegation/authorization Duration Use during 2017 Combined Shareholders’ Meeting of 05.26.2016 14 th resolution Delegation given to the Board of Directors to increase the capital by incorporating reserves, profits or premiums Maximum amount (1): €7 million Twenty-six months, i.e . until 07.25.2018 None Combined Shareholders’ Meeting of 05.26.2016 15 th resolution Delegation granted to the Board of Directors to proceed to share issues and/or issues of marketable securities with preferential subscription right. Maximum amount (1) : Shares: €7 million. Debt securities: €250 million. Twenty-six months, i.e . until 07.25.2018 None Combined Shareholders’ Meeting of 05.26.2016 16 th resolution Authorization given to the Board of Directors to increase the amount of issues in case of excess demand for each of the issues of ordinary shares or marketable securities giving access to capital decided in application of the 15 th resolution of the Shareholders’ Meeting of May 26, 2016 Twenty-six months, i.e . until 07.25.2018 None Combined Shareholders’ Meeting of 05.26.2016 17 th resolution Authorization for the Board of Directors to allot existing or new bonus shares to members of the salaried staff (and/or certain authorized corporate officers). Maximum amount (1) : 5% of the share capital on the day of the meeting of May 26, 2016 and 1% within this ceiling for Executive Directors. Thirty-eight months, i.e . until 07.25.2019 None Combined Shareholders’ Meeting of 05.23.2017 18 th resolution Delegation given to the Board of Directors to issue shares and/or marketable securities with cancellation of preferential subscription rights by offer to the public. Maximum amount (1) : Shares: €8 million. Debt securities: €350 million. 26 months, i.e . until 07.22.2019 None Combined Shareholders’ Meeting of 05.23.2017 19 th resolution Authorization given to the Board of Directors to waive the conditions for fixing the issue price of marketable securities issued in respect of the capital increase specified in the 18 th resolution of the Shareholders’ Meeting dated May 23, 2017 26 months, i.e . until 07.22.2019 None Combined Shareholders’ Meeting of 05.23.2017 20 th resolution Authorization given to the Board of Directors to increase the amount of issues in case of excess demand for each of the issues of ordinary shares or marketable securities giving access to capital decided in application of the 18 th resolution of the Shareholders’ Meeting of May 23, 2017 26 months, i.e . until 07.22.2019 None Combined Shareholders’ Meeting of 05.23.2017 21 st resolution Delegation given to the Board of Directors to increase the capital with the cancellation of preferential subscription rights in favor of members of a Company savings plan Maximum amount (1) : Shares: €5 million. 26 months, i.e . until 07.22.2019 None Combined Shareholders’ Meeting of 05.23.2017 22 nd resolution Authorization for the Board of Directors to grant options to subscribe to new shares and/or purchase existing company shares. Maximum amount: 5% of the existing share capital on the day of the meeting of May 23, 2017 and 1% within this ceiling for Executive Directors. Thirty-eight months, i.e . until 07.22.2020 None (1) Separate ceilings.