2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 113 CONSOLIDATED FINANCIAL STATEMENTS Statement of changes in equity 4 Unrealized or deferred profit/loss Other reserves and income Total shareholders’ equity, group share Shareholders’ equity made up of non- controlling interests Total consolidated shareholders’ equity Related to currency translation differences Related to net investment in foreign operations Related to actuarial differences Change in the fair value of available- for-sale assets Change in fair value of hedge derivatives (5.2) (28.8) (2.9) - (11.4) 1,276.8 1,433.4 130.9 1,564.3 - - - - - (279.6) (279.6) 16.6 (263.0) (26.0) 24.0 (0.8) - 0.7 - (2.2) (6.4) (8.6) - - - - 0.7 - 0.7 (0.7) 0.0 - - (0.8) - - - (0.8) - (0.8) (26.0) 24.0 - - - - (2.1) (5.7) (7.8) (26.0) 24.0 (0.8) - 0.7 (279.6) (281.8) 10.2 (271.6) - - - - - - - - - - - - - - (25.5) (25.5) (14.6) (40.1) - - - - - (45.8) - - - - - - - - - - - - - - - - - - - - - - - - - - (1.8) 2.0 - 2.0 - - - - - - (4.5) - (4.5) - - - - - 20.0 20.0 (14.6) 5.4 - - - - - (53.0) (7.9) (29.2) (37.2) (31.3) (4.8) (3.7) - (10.7) 944.3 1,143.7 111.8 1,255.5