2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 96 MANAGEMENT REPORT 3 BOURBON Corporation and its shareholders At January 31, 2018, the breakdown by objective of the treasury shares held was as follows: Objective for holding treasury shares Number of shares held Stimulation of the market by an investment service provider 33,975 Hedging stock options or other employee shareholding systems 60,368 External expansion operations None Hedging securities giving access to the capital None Cancelation None TOTAL 94,343 7.3.2 Transactions performed on the Company’s stock bythe persons referred to in Article L. 621-18-2 of the French Monetary and Financial Code The Company has no knowledge of any transaction performed during 2017 on the Company’s stock by the persons referred to in Article L. 621-18-2 of the French Monetary and Financial Code. 7.3.3 Employee shareholding As at December 31, 2017, through the employees’ mutual fund “Bourbon Expansion”, 730 employee shareholders held a total of 594,329 shares, representing 0.77% of the share capital. 7.4 FACTORS THAT COULD HAVE AN IMPACT IN THE EVENT OF A PUBLIC OFFERING The factors that may have an impact in the event of a public offer on the Company’s shares are set out in the Board of Directors’ report on Corporate governance.