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Shareholders’ Meeting
Statutory Auditors' special reports
Report on the authorization to grant free shares (existing or to
8.3.3
be issued)
Combined Shareholders’ Meeting of May 17, 2016
of shares granted to corporate officers of your Company pursuant to
this authorization may not represent more than 0.25% of the share
Fourteenth resolution
capital of your Company at the date of the grant decision.
This is a free translation into English of a report issued in the French
Based on its report, the Board of Directors is asking for authorization,
language and is provided solely for the convenience of English-speaking
for a period of 38 months from the date of this Shareholders’ Meeting,
readers. This report should be read in conjunction and construed in
to grant free shares, existing or to be issued.
accordance with French law and professional auditing standards
applicable in France.
It is the responsibility of the Board of Directors to prepare a report on
the transaction it wishes to perform. Our role is to express our
To the shareholders,
comments, if any, on the information presented to you on the planned
As Statutory Auditors of your Company and pursuant to the duties set
transaction.
forth in Articles
L. 225-197-1 of the French commercial code (
Code de
We conducted the procedures we deemed necessary in accordance the
commerce
), we hereby report to you on the proposed authorization to
professional guidelines of the French National Institute of Statutory
grant free shares, existing or to be issued, subject to performance
Auditors (
Compagnie nationale des Commissaires aux comptes
)
conditions defined by the Board of Directors, to employees and
applicable to our engagement.
corporate officers of your Company and/or companies and economic
interest groupings that are directly or indirectly related to your
These procedures mainly consisted in verifying that the proposed
Company pursuant to Article
L.
225-197-2 of the French commercial
terms and conditions presented in the Board of Directors’ report
code, a transaction on which you have been asked to vote.
comply with applicable legal provisions.
The total number of shares that may be granted for nil consideration We have no comments on the information presented in the Board of
may not exceed 0.8% of the share capital on the date of the grant
Directors’ report on the proposed authorization to grant free shares.
decision by the Board of Directors, it being noted that the total number
The Statutory Auditors
Courbevoie, Paris-La Défense and Neuilly-sur-Seine, April 15, 2016
MAZARS
KPMG SA
DELOITTE & ASSOCIÉS
Pierre Sardet
Patrick-Hubert Petit
Arnaud de Planta
David Chaudat
Caroline Bruno-Diaz
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2015 REGISTRATION DOCUMENT