ALTAMIR_REGISTRATION_DOCUMENT_2017

4

INFORMATION ABOUT THE COMPANY AND ITS CAPITAL

Share capital

4.1.3 PURCHASE BY THE COMPANY OF ITS OWN SHARES

General Meetingon 26April 2018. Prior notificationwas published in France’s official gazette (“BALO”) on 21 March 2018.

LEGAL FRAMEWORK

At their General Meeting on 28 April 2017, the shareholders authorised the Company to buy back its shares for the sole purpose of ensuring their liquidity or secondary market activity. Thebuybackprogramme is limited to 1%of theCompany’s capital, based on available reserves. This programme is designed toensure anactive secondarymarket via a liquidity contract that complieswith theAMAFI (Association française desmarchés financiers) Code of Conduct, approved by the regulatory authorities. The buyback programme meets the following requirements: The total number of shares acquired through the programme may not exceed 1% of the Company’s capital. As a guide, as of 31 December 2017, this percentage corresponded to 365,123 shares. The maximum purchase price per share may not exceed €20.00 (excluding acquisition costs). As a result, based on the example above, the maximum amount that can be paid by the Company to buy back its own shares is €7,302,460. The share purchases may be carried out by anymeans, including by acquiring blocks of shares and at times determined by the Management Company. The Management Company may not, without prior authorisation from shareholders, use this authorisation during a tender offer initiated by a third party involving the Company’s securities until the end of the tender offer period. The Company does not intend to use options or derivative instruments. This authorisation was granted for a period of 18 months. The buyback programme is funded using the Company’s existing cash resources.

Breakdown of shares held by objective as of 28 February 2018 Number of shares helddirectly and indirectly: 17,526, representing less than 0.1% of the Company’s share capital. All of these shares are held for the purpose of ensuring active trading in theCompany’s shares via anAMAFI-compliant liquidity contract. As previously reported, Altamir appointed Oddo BHF to implement its liquidity contract on 2 November 2009. shareholders will be asked to approve a new share buyback programme at their General Meeting. Its featureswill be as follows: „ programme authorisation: General Meeting of 26 April 2018; „ securities included in the programme: ordinary shares; „ maximum percentage of capital that may be repurchased: 1% ( i.e . 365,123 shares as of this date), with the stipulation that this limit is calculated as of the date of the buybacks so that any increases or decreases in capital that might take place during the course of the programme will be taken into account. The number of shares used to calculate compliance with the limit is the number of shares purchased less the number of shares resold during the programme, for the purpose of maintaining liquidity; „ maximum purchase price: €20 per share; „ maximum amount of programme: €7,302,460; „ repurchase procedures: the sharesmay be repurchased by any means, including by acquiring blocks of shares and at times determined by the Management Company. The Management Company does not intend to use this authorisation during the entire period of any tender offer initiated by a third party on theCompany’s securities. TheCompany does not intend to use options or derivative instruments; „ objective: ensure secondarymarket activity and liquidity in the Company’s shares via a liquidity contract with an investment services provider that complies with the AMAFI Code of Conduct, approved by the regulatory authorities; „ programme duration: 18 months, starting from the General Meeting of 26 April 2018, i.e . until 25 October 2019. NEW PROPOSED PROGRAMME

DESCRIPTION OF THE SHARE BUYBACK PROGRAMME

In accordancewithArticle 241-2 of theAMF’s General Regulation, the purpose of this description is to explain the objectives and termsandconditionsoftheCompany’ssharebuybackprogramme. shareholders will be asked to approve this programme at their

Results of the share buyback programme

The results of the 2017 programme were as follows, keeping in mind that all of these transactions were carried out under the liquidity contract:

Volume 369,501 366,994

Amount (€)

Average price (€)

Purchases

5,505,356 5,485,858

14.90 14.95

Sales

156 REGISTRATION DOCUMENT

• ALTAMIR 2017

www.altamir.fr