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DANONE

REGISTRATION DOCUMENT 2015

Financial statements

4.3 Fees to the Statutory auditors and members of their network

166

4.3 FEES TO THE STATUTORY AUDITORS AND MEMBERS

OF THEIR NETWORK

Fees net of tax paid by Danone

PricewaterhouseCoopers

Ernst & Young et Autres

(in € millions except

percentage)

Fees 2014

Fees 2015

Fees 2014

Fees 2015

Audit

Statutory audits, certifications

and review of the individual

and consolidated financial

statements

4.4

53%

4.9

60%

4.1

48%

4.5

79%

including Danone SA

0.7

9%

0.7

8%

0.8

9%

0.7

12%

including fully consolidated

subsidiaries

3.7

45%

4.2

51%

3.3

39%

3.8

67%

Other services directly related

to the audit

3.3

40%

2.3

(a)

28%

4.0

(a)

47%

0.9

(a)

16%

including Danone SA

3.0

36%

2.2

26%

3.8

45%

0.7

12%

including fully consolidated

subsidiaries

0.3

4%

0.2

2%

0.2

3%

0.2

3%

Total Audit

7.7

94%

7.3

88%

8.1

96%

5.5

95%

Other services provided by the

auditors' networks to the fully

consolidated subsidiaries

Legal, tax, social

0.3

4%

0.4

(b)

5%

0.4

(b)

4%

0.3

(b)

5%

Other

0.2

2%

0.5

(c)

6%

–

0%

–

0%

Total Other services

0.5

6%

1.0

12%

0.4

4%

0.3

5%

Total

(d)

8.2

100%

8.3

100%

8.5

100%

5.7

100%

(a) Services provided in 2015 included due diligence directly related to the Statutory auditors' engagements performed during the transactions of acquisition or

disposal of entities for €2.2 million (PricewaterhouseCoopers, €2.9 million in 2014) and €0.7 million (Ernst & Young, €3.7 million in 2014).

(b) This amount related solely to tax services provided by the networks to some foreign Group subsidiaries. These services related mainly to the issuance of tax

certifications as required by local authorities (Turkey – PricewaterhouseCoopers, Mexico – Ernst & Young) as well as the review or technical analysis of tax

positions adopted by some foreign subsidiaries.

(c) This amount, for 2015 and 2014 includedmainly services of assistance and training on non-financial fields provided by the network to someDanone subsidiaries

(Japan and China).

(d) Fees invoiced in foreign currencies have been translated into euros on the basis of the yearly average rates used by Danone.