2017 REGISTRATION DOCUMENT

Contents BOURBON IN 2017 3 1. Key figures 4 2. BOURBON Corporation sa stock market data 5 3. Management bodies 7 GENERAL INTRODUCTION TOTHE GROUP 9 1. Bourbon timeline 10 2. Simplified overview of BOURBON’s business activities 11 3. Activities 11 4. Innovation 14 5. Competitive environment 14 6. Main market trends 16 MANAGEMENT REPORT 19 1. Activities and highlights 20 2. Results 22 3. Report of the Board of Directors on corporate governance 30 Summary table of delegations of power and current authorizations granted by the shareholders’ meeting to the Board of Directors for capital increases 63 4. Control environment 64 5. Risk factors 67 6. Social and environmental information 81 7. BOURBON Corporation and its shareholders 94 8. Report explaining the Board of Directors’ resolutions proposed to the Combined Shareholders’ Meeting of may 30, 2018 97 Financial results of the parent company over the last five years 100 Report by one of the Statutory Auditors, appointed as independent third party, on the consolidated human resources, environmental and social information included in the management report 101 CONSOLIDATED FINANCIAL STATEMENTS 105 Financial position statement 106 Statement of comprehensive income 107 Statement of consolidated cash flows 109 Statement of changes in equity 111 Notes to the consolidated financial statements 114 Statutory Auditors’ report on the consolidated financial statements (Year ended December 31, 2017) 180 PARENT COMPANY FINANCIAL STATEMENTS 185 Parent company balance sheet – BOURBON Corporation SA 186 Income statement of the parent company BOURBON Corporation SA 188 Notes to the Company financial statements 189 Statutory Auditors’ report on the annual financial statements (year ended December 31, 2017) 204 Statutory Auditors’ special report on regulated agreements and commitments 207 OTHER LEGAL AND FINANCIAL INFORMATION 209 General information about BOURBON Corporation SA and its share capital 210 Trademarks, licenses, patents, property, plant and equipment 224 Agenda of the combined Shareholders’ Meeting of May 30, 2018 227 Draft resolutions for the Combined General Meeting of May 30, 2018 228 Statutory Auditors’ report on the share capital reduction 233 Persons responsible for the Registration Document and for the financial statement audit 234 Cross reference tables 235 1 4 5 6 2 3