ADP_REGISTRATION_DOCUMENT_2017

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS 20 GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2017

ADP Ingenierie and ADP International Guarantees on first demand have been given only by ADP Ingénierie and Aéroports de Paris Management as part of the execution of their international contracts. TAV Airports Commitments given by TAV Airports and its subsidiaries amount to €486 million as at 31 December 2017 and are mainly letters of guarantee: ◆ given mainly to third parties (customs, lenders and customers), to the General Directorate of State Airports Authority (DHMI) as well as Saudi Arabian, Tunisian and Macedonian governments; ◆ issued fromBuild – Operate – Terminate agreements (BOT agreements), from concession agreements and lease contracts. Main guarantees given to DHMI: ◆ TAV Istanbul is bound by the terms of the rent agreement made with DHMI and is obliged to give 6% of the total rent amount, i.e . $153 million as a letter of guarantee. The contractual facility of TAV Istanbul includes the lease of devices, system and equipment of Istanbul Airport for a period of fifteen years and six months starting 3 July 2015. At the end of the contract period, TAV Istanbul will be responsible for one year for the maintenance and repair of the devices, system and equipment supplied for the contractual facilities. In case the necessary maintenance and repairs are not made, DHMI will have this maintenance and repair made, and the cost will be charged to TAV Istanbul; ◆ TAV Ege is obliged to give a letter of guarantee at an amount equivalent to €37 million to DHMI. During the contract period, TAV Ege should keep all the equipment it uses in a good condition and replace them if necessary. At the end of the contract period, all fixed assets covered by the concession agreement will be transferred to DHMI free of charge; ◆ TAV Milas Bodrum is obliged to give a letter of guarantee at an amount equivalent to €43 million to DHMI. During the contract period, TAV Milas Bodrum should keep all equipment it uses in a good condition and replace them if necessary. At the end of the contract period, all fixed assets covered by the concession agreement will be transferred to DHMI free of charge.

Main guarantees given to GACA (General Authority of Civil Aviation) in Saudi Arabia: The Group is obliged as at 31 December 2017 to give a letter of guarantee at an amount equivalent of $17 million ( i.e . €14 million) to GACA according to the BTO agreement signed with GACA in Saudi Arabia, as well as a letter of guarantee equivalent of $163 million ( i.e . €136 million) to National Commercial Bank which is included in letters of guarantee given to third parties. Guarantees given to the Ministry of State Property and Land Affairs in Tunisia: TAV Tunisia is linked by the terms of the concession agreements related to the construction and operation of the Enfidha and Monastir Airports. The Group is obliged to give a letter of guarantee at an amount equivalent of €15 million to the Ministry of State Property and Land Affairs and €9million to OACA according to the BOT agreements and its amendments signed with OACA in Tunisia. According to Enfidha and Monastir concession agreements, TAV Tunisia is required to maintain, repair, renew, operate and improve the land made available to it, infrastructures, buildings, facilities, equipment, networks and services necessary for the operation of both airports. Furthermore, pursuant to project bank loans entered into by TAV entities, the following pledges were granted to their lenders: ◆ share pledge: TAV Esenboğa, TAV Ege, TAV Milas Bodrum, TAV Macedonia and TAV Tunisia have pledges over shares for an aggregate amount equivalent to €338 million. In case of default, the banks have the right to take control of the shares. Share pledges will expire after bank loans are paid or on the dates of maturity; ◆ receivable pledge: TAV Istanbul, TAV Esenboğa, TAV Ege, TAV Milas Bodrum and TAV Macedonia have pledges over receivables for an aggregate amount of €178 million. In case of event or default, the banks have the right to take control of the receivables; ◆ pledge over bank accounts: TAV Istanbul, TAV Esenboğa, TAV Ege, TAV Milas Bodrum and TAV Holding have pledges over bank accounts for an aggregate amount of €176 million. In case of event or default, the banks have the right to take control of the bank accounts.

NOTE 15 LITIGATIONS, LEGAL AND ARBITRATION PROCEEDINGS

In accordance with IAS 37 Provisions, contingent Liabilities are defined as: ◆ a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group; or ◆ a present obligation that arises from past events but is not recognized because: ◆ it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation, or ◆ the amount of the obligation cannot be measured with sufficient reliability.

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AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017