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Company Financial Statements as of December 31, 2015

Statutory Auditors' report on the annual Financial Statements

Specific verifications and

3.

With regard to the information provided in accordance with

Article

L.

225-102-1 of the French commercial code on remuneration

information

and benefits received by corporate officers, as well as any other

commitments granted in their favor, we have verified its consistency

In accordance with the professional standards applicable in France, we

with the financial statements or with the underlying information used

have also performed the specific verifications required by French law.

to prepare the financial statements and, where necessary, with the

We have no matters to report as to the fair presentation and information collected by your Company from companies controlling or

consistency with the annual financial statements of the information controlled by your Company. Based on this work, we attest the accuracy

provided in the management report of the Board of Directors and in and fair presentation of this information.

the documents addressed to shareholders regarding the financial

In accordance with French law, we have verified that the management

position and the annual financial statements.

report provides you with all the required information relating to the

acquisition of investments and controlling stakes and the identity of

the shareholders and holders of voting rights.

The Statutory Auditors

Courbevoie, Paris-La Défense and Neuilly-sur-Seine, April 15, 2016

French original signed by

MAZARS

KPMG SA

DELOITTE & ASSOCIÉS

Pierre Sardet

Patrick-Hubert Petit

Arnaud de Planta

David Chaudat

Caroline Bruno-Diaz

2015 REGISTRATION DOCUMENT

251