ALTAMIR_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Consolidated financial statements

NOTE 11 Shareholders’ equity

The number of shares outstanding for each of the categories is presented below:

31/12/2017

31/12/2016

Ordinary Shares 36,512,301 36,512,301

Class B shares 18,582 18,582

Ordinary Shares 36,512,301 36,512,301

Class B shares 18,582 18,582

(number of shares)

Shares outstanding at start of year Shares outstanding at end of year

Shares held in treasury

19,139

12,164 6,418

16,632

12,164 6,418

Shares outstanding at end of year

36,493,162

36,474,616

NAV PER OUTSTANDING SHARE (CONS. SHAREHOLDERS’ EQUITY/NUMBER OF ORDINARY SHARES)

3

21.56

21.65

31/12/2017

31/12/2016

Ordinary Shares

Class B shares

Ordinary Shares

Class B shares

Total

Total

(euros)

Par value at end of year

6.00

10.00

6.00

10.00

SHARE CAPITAL

219,073,806

185,820 219,259,626 219,073,806

185,820 219,259,626

The dividend paid to the limited shareholders in 2017 for the financial year 2016 was €0.65 per ordinary share outstanding (excluding treasury shares). The NAV per ordinary share (excluding treasury shares) was €21.56 at 31 December 2017 (€21.65 per share at 31 December 2016).

NOTE 12 Carried interest provision due to the general partner and Class B shareholders

This item broke down as follows:

31/12/2017 29,694,928

31/12/2016 44,010,653

(in euros)

Amount attributable to general partner and Class B shareholders

Class B warrants

-

-

TOTAL AMOUNT ATTRIBUTABLE TO GENERAL PARTNER AND CLASS B SHAREHOLDERS

29,694,928

44,010,653

The change in the amount attributable to the general partner and Class B shareholders during the year is detailed below:

2017

2016

(in euros)

At opening

44,010,653 -15,268,690

39,139,995 -5,801,751

Amount paid during the financial year

Amount attributable to general partner and Class B shareholders on earnings of the financial year AMOUNT ATTRIBUTABLE TO GENERAL PARTNER AND CLASS B SHAREHOLDERS

952,966

10,672,409

29,694,928

44,010,653

NOTE 13 Carried interest provision due to Apax France VIII-B, IX-B and Apax VIII LP

This provision of €38mrelates to unrealised capital gains owing toClass Cunitholders of Apax FranceVIII-B, Apax France IX-BandApax VIII LP of €28.1m, €4.2m and €5.7m, respectively, based on these funds’ performance. These liabilities are due in more than one year.

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• ALTAMIR 2017

REGISTRATION DOCUMENT