2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 231 OTHER LEGAL AND FINANCIAL INFORMATION Draft resolutions for the Combined General Meeting of May 30, 2018 6 2. RESOLUTIONS FOR THE EXTRAORDINARY GENERAL MEETING Sixteenth resolution – Authorization for the Board of Directors to cancel shares bought back bythe Companywithin the terms of Article L. 225-209 of the French Commercial Code The General Meeting, ruling under the conditions of majority and quorum required for Extraordinary General Meetings, and having reviewed the report of the Board of Directors and the Statutory Auditors’ report: 1) grants the Board of Directors its authorization to cancel—as the Board sees fit and in one or more steps, within the limit of 10% of the capital calculated on the date of the decision to cancel, after deduction of any shares canceled within the previous 24 months, shares which the Company holds or may come to hold after repurchases made in accordance with the terms of Article L. 225-209 of the French Commercial Code, and to thereby reduce the share capital accordingly in compliance with applicable regulations and legislation; 2) limits the validity of this authorization to twenty-four months from the date of this meeting; 3) vests the Board of Directors with full powers, with the right to sub-delegate, to undertake the transactions required for these cancellations and the correlative reductions of capital, to amend the Company’s bylaws accordingly and to satisfy all necessary formalities. Seventeenth resolution – Delegation of authority to be granted to the Board of Directors to increase the capital through the incorporation of reserves, profits, and/or premiums The Shareholders’ Meeting, ruling notwithstanding the provisions of Articles L. 225-96 of the French Commercial Code under the conditions of majority and quorum required for Ordinary General Meetings, having reviewed the report of the Board of Directors, and in compliance with the provisions of Articles L. 225-129-2 and L. 225-130 of the French Commercial Code: 1) delegates its power to the Board of Directors to decide to increase the share capital on one or more occasions, at the times and according to the procedures it sees fit, through the incorporation of reserves, profits, premiums or other amounts which may be capitalized, by issuing or allocating bonus shares or by increasing the par value of existing ordinary shares, or through a combination of these two processes; 2) limits the validity of this delegation to 26 months, as of the date of this meeting; 3) decides that the amount of the capital increase resulting from the issues carried out under this resolution shall not exceed the nominal amount of €7,000,000, not including the amount required to preserve, as required by law, the rights of holders of marketable securities giving access to Company shares; 4) this ceiling is independent of all other ceilings stipulated in the other resolutions of this meeting; 5) grants full powers to the Board of Directors, which may sub- delegate those powers, to implement this resolution, and, generally, to take all steps and carry out any required formalities for the proper completion and recording of each share capital increase and amend the bylaws accordingly; 6) notes that this delegation cancels, as of the present date, any unused portion of any prior delegation of authority for this same purpose. Eighteenth resolution – Delegation to be granted to the Board of Directors to realign the Company’s bylaws with applicable laws and regulations. The General Meeting, ruling under the conditions of majority and quorum required for Extraordinary General Meetings, having reviewed the report of the Board of Directors, grants all powers to the Board to bring the Company’s bylaws into compliance with laws and regulations, subject to ratification of such modifications by the next Extraordinary General Meeting. Nineteenth resolution – Introduction of an Article 13 bis «Directors representing employees» into the bylaws – subsequent modification of the title of Article 13 of the Company’s bylaws The Shareholders’ Meeting, ruling under the conditions of majority and quorum required for Extraordinary General Meetings, having reviewed the report of the Board of Directors, resolves, in compliance with the provisions of Article L. 225-27-1 of the French Commercial Code, to add an Article 13 bis «Directors representing employees» to the Company’s bylaws, in order to allow the election of a Director representing employees. Accordingly, Article 13 bis «Directors representing employees» is added as follows: «Pursuant to Article L. 225-27-1 of the French Commercial Code, the Board of Directors shall also include at least one Director representing the Group’s employees. The number of Board members elected by employees amounts to two if the number of Board members appointed according to the provisions of Articles L. 225-17 and L.225-18 of the French Commercial Code exceeds twelve, and one if that number of is twelve or less. If the number of Board members appointed by the Shareholders’ Meeting exceeds twelve, a second Director representing employees shall be appointed in accordance with the provisions below, within six months following the new Director’s co-optation by the Board or appointment by the Shareholders’ Meeting.