ALTAMIR_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Statutory auditor’s report on the consolidated financial statements

RESPECT OF THE VENTURE CAPITAL COMPANY STATUS

Risk identified

Our response

Your Company has opted for the venture capital companies system which gives it a specific legal and fiscal framework, adapted to its corporate purpose which is the management of securities portfolio. The venture capital company status is only granted to companies that fully meet certain cumulative regulatory conditions. Given the very restrictive conditions of the venture capital company status (in particular the limitation of indebtedness), which could, in case of non-compliance, remove the tax exemption enjoyed by the Company, we considered compliance with the regulatory conditions of the venture capital company status regime as a key audit matter.

Based on interviews with management, we have been informed of the procedures put in place by themanager to identify the regulatory changes relating to the venture capital company status and tomonitor the Company’s correct compliance with the conditions. As part of our audit of the annual accounts, and by including our tax experts, our work consisted in assessing compliance with the criteria for eligibility for the venture capital company status.

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VERIFICATION OF THE INFORMATION PERTAINING TO THE GROUP PRESENTED IN THE MANAGEMENT REPORT As required by lawwe have also verified in accordance with professional standards applicable in France the information pertaining to the Group presented in the manager’s management report. We have no matters to report as to its fair presentation and its consistency with the consolidated financial statements.

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

APPOINTMENT OF THE STATUTORY AUDITORS

Wewere appointed as statutory auditors of Altamir by theAnnual General Meeting held onApril 22, 1999 for ERNST &YOUNG&Autres and COREVISE, previously alternate auditor, succeeded to CFA during the year 2013 further to their resignation. As at December 31, 2017, COREVISE and ERSNT &YOUNGAutres were in the 5th year and 19th year of total uninterrupted engagement respectively. Before ERNST & YOUNG et Autres (previously named Barbier Frinault et Autres), Barbier Frinault et Associés was auditor since 1993, date on which the Company was created. RESPONSIBILITIES OF MANAGEMENT AND THOSE CHARGEDWITH GOVERNANCE FOR THE CONSOLIDATED FINANCIAL STATEMENTS Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with International Financial ReportingStandards as adoptedby theEuropeanUnion and for such internal control asmanagement determines is necessary to enable the preparation of consolidated financial statements that are free frommaterial misstatement, whether due to fraud or error. In preparing the consolidated financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless it is expected to liquidate the Company or to cease operations. The Audit Committee is responsible for monitoring the financial reporting process and the effectiveness of internal control and risks management systems and where applicable, its internal audit, regarding the accounting and financial reporting procedures. The consolidated financial statements were approved by the Manager.

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• ALTAMIR 2017

REGISTRATION DOCUMENT