ALTAMIR_REGISTRATION_DOCUMENT_2017

PRESENTATION OF THE COMPANY AND ITS ACTIVITIES

Business description

offices around the world. These professionals are recruited according to criteria of excellence ( i.e ., prestigious universities, MBA and international experience). The two companies enjoy a strong reputation and are recognised as leaders who attract the best talent. Their employment policy is instrumental indeveloping the loyalty of the staff and motivating them, and includes: good working conditions, competitive remuneration policy compared to market practices and incentives (profit sharing and bonuses based on fund performance), individual and Group training programs, formalised evaluation process, career development, and internal promotion. The direct environmental footprint of the two management companies remains limited; both have conducted carbon assessments, however, which helped to heighten awareness and implement some environment-sensitive operating procedures. At the business level, both management companies have always made sure that best practices were implemented within the companies in which they are shareholders, especially with regard to governance (alignment of interests of shareholders and the management team, Bord composition, independence of Directors, Audit Committees, etc.). They have also excluded certain business sectors (such as weaponry and tobacco) from their investment universe. For several years, they have each taken the additional step of formalising anESG (environmental, social andgovernance) policy with thegoals ofmaking the companies’ performance sustainable and thereby optimising the creation of value. ESG policies Apax Partners SAS and Apax Partners LLP signed the PRI (Principles of Responsible Investing) in 2011, committing themselves to integrate the responsibility criteria into their management and investment policies (www.unpri.org). The two companies have the dedicated means to deploy and manage their ESG action plans: Apax Partners SAS has a partner responsible for defining theESGpolicyandanESGmanager toput it in place; Apax Partners LLP has a SustainabilityCommittee, and the portfolio companies have installed data collection software. Apax Partners SAS andApax Partners LLP integrate ESG criteria at every stage of the investment cycle: „ before an acquisition, they conduct ESG due diligence to identify risks and opportunities to create value; „ throughout the investment period, they create a road map and implement ESG reporting in order tomeasure the progress achieved throughout the term of the investment; „ upon exit, they conduct due diligence so as to assign a value to the Company’s ESG performance. Since they are most often majority or lead shareholders across the funds they manage, the two companies have the ability to influence companies’ strategies, and can help them implement and deploy their ESG policies. In this way, Apax Partners SAS influences about 15 companieswithmore than55,000employees, and Apax Partners LLP about 40 companies with more than 150,000 employees.

of the Company. Altamir’s investment policy involves investing through or alongside funds managed by the two management companies, Apax Partners SAS and Apax Partners LLP. As such, Altamir relies on the Apax teams’ expertise to identify new investment opportunities, manage the companies in the portfolio and create value. Those companies have taken a number of measures that have contributed to making an investment in Altamir a responsible investment froma social, environmental and societal perspective. The work of the independent verifier pertained exclusively to Altamir and not to Altamir Gérance, Apax Partners SAS or Apax Partners LLP. Relationships with stakeholders AltamirGérancemaintains, onbehalf of theCompany, anon-going dialogue with Company shareholders, the financial community (private and institutional investors, analysts and journalists) and the AMF. That dialogue is conducted by the Chairman of the Management Company, the Chief Financial Officer and the Head of Investor Relations and Communications. Contact with investors and analysts occurs through one-on-one meetings or more formal gatherings such as the Annual General Meeting, the two information meetings organised with the SFAF in Paris, and two webcasts (in English) that take place at the time of the annual and half-yearly earnings releases. Altamir also participates inannual road shows andevents organisedbybrokers and specialist companies to allow the Company to meet new French and foreign investors. In the area of financial communication, Altamir follows the Regulations and recommendations of the AMF, which ensures that investors are protected and informed. In that regard, Altamir Gérance fully discloses all regulatory information about Altamir to investors and ensures that all investors receive the same information. Any new information about Altamir’s financial statements, portfolio or regulatory requirements is published in a press release, available in French and English, that is widely distributed electronically by a recognised professional distributor, and available on the Company’s website. A more comprehensive communication is produced at the close of the annual and half- yearly reporting periods (Registration Document including the Annual Financial report, and half-yearly report). Altamir is a member of CLIFF (an association of French investor relations professionals), which allows it to share best practices with other listed companies. Committed and responsible investors To manage its portfolio, Altamir relies on the services of Apax Partners France SAS and Apax Partners LLP, which are major players of sustainable financing for companies. ApaxPartnersSASemploys45people, ofwhom30are investment professionals, and Apax Partners LLP employs 200 people, of whom 120 are investment professionals spread among eight

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• ALTAMIR 2017

REGISTRATION DOCUMENT