2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 83 MANAGEMENT REPORT Social and environmental information 3 The rate of coverage of onshore and seagoing personnel by private medical insurance during 2017 was 68% for the subsidiaries employing seagoing personnel and 67% for the subsidiaries employing onshore personnel. The changes in personnel expenses for all group employees are presented in note 5.3 to the consolidated financial statements. 6.1.2 A policyto promote operational excellence 6.1.2.1 Organization of the Human Resources policy The Human Resources policy, approved by the Management, is implemented by the Group’s Human Resources Department. It defines the guidelines for recruitment, compensation, training and career management for all personnel; the arrangements are then applied to BOURBON’s three main categories of staff through the operating subsidiaries that employ them. The integrated computer system (Onsoft Computer Systems AS) which manages Group personnel and its crewing activity (administrative management, planning, training, pay) continued to be developed in 2017. HORIZON, a complementary tool from Talentsoft, maps the business and streamlines and documents interactions and interviews on the basis of appraisals, training plans and mobility prospects. In total, the tools have enabled the integrated management of 93% of the reported workforce (under contract and without contract), as of December 31, 2017. 6.1.2.2 Development of collective competence BOURBON continues to believe that excellence in service is possible through the development of collectively competent and committed teams. The systems for the evaluation of performance and individual skills are designed to be applied worldwide across all personnel categories. The need to cut costs has forced the Group to reduce its training expenditure: only compulsory training or training that has been contractually agreed with clients is funded. Nearly all training that does not meet these criteria has been postponed indefinitely. In addition, after setting up a digital e-learning solution for onshore personnel, BOURBON is continuing to roll out this solution to seagoing personnel. The internal transfer of skills also uses a network of occasional trainers who have been identified and trained in the approach. The training of onshore personnel (1) totaled 9,501 hours in 2017, including 1,058 hours in internal training (mainly job training) and 7% in e-learning training. Job training made up 73% of this training and mainly involved security and safety (evacuation, fire prevention) and standards and regulations (ISM and ISPS, MLC, ISO 9001, etc.). In 2017, the training courses that are mandatory under international regulations (STCW, MLC), represented 54% of the training effort for seagoing personnel, which stood at 114,077 hours. This effort also includes training on the standards of the offshore industry and standards established by BOURBON for its workforce. BOURBON’s standards are especially focused on the training of newly recruited crewboat personnel. 6.1.2.3 Organization of work 6.1.2.3.1 Organization of work Seagoing personnel and specialized categories of onboard personnel work according to shift systems alternating periods onboard with onshore rest periods; these systems vary according to the operational zones, types of vessel, and depending on the Company or collective agreements in force. During onboard periods, the work of seagoing personnel is organized in a way that respects the rest times required by the conventions (STCW, MLC) and the regulations of flag authorities. Vessel captains and onshore teams are responsible for ensuring compliance with these regulations. The organization of work and rest time of onshore personnel depends on the legislative framework applicable and on the collective agreements entered into at a sector specific or local entity level. All mobilized onshore personnel, payroll & contracted. In 2017, 48% of subsidiaries reported that they referred to internal rules and 33% to collective agreements for managing the working time of their seagoing and/or onshore personnel. In 2017, 50% of the subsidiaries declared that they had adapted the hours of their onshore personnel, notably with the use of teleworking for 8% of the subsidiaries, part-time working for 13% of subsidiaries and flexible hours for 41% of subsidiaries. Some technical functions on the operational support bases require a continued presence. The personnel in these roles work according to specific shift systems alternating work and rest periods. During continuous working time, daily rest periods are respected and weekly rest time caught up on. The shift system was adopted by 13% of subsidiaries in 2017. 6.1.2.3.2 Professional relations, collective agreements and organization of social dialog BOURBON employs personnel in a large number of countries; compliance with employment regulations and social security protection is the responsibility of the management of each subsidiary. The audits and training campaigns carried out by the Compliance Department are designed to detect and prevent any non-compliance. In addition to rules arising from law, professional relations are also governed by operational management standards, notably for seagoing personnel. For onshore personnel, internal regulations clarify the rights and duties of each person. In matters of health, safety and working conditions, there are strict standards and internal policies applicable to seagoing professions and the oil & gas sector that govern this area and it is therefore not necessary to establish additional agreements in HSE matters. (1) All of the onshore personnel mobilized, payroll & contracted.