ALTAMIR_REGISTRATION_DOCUMENT_2017

CORPORATE GOVERNANCE – REPORT OF THE SUPERVISORY BOARD Remuneration and benefits of managers and corporate officers

2.2 REMUNERATION AND BENEFITS OF MANAGERS AND CORPORATE OFFICERS

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As a French partnership limited by shares, Altamir is governed by a Management Company, Altamir Gérance, which is also its sole general partner. The rules governing the Management Company’s remuneration can be found in the Company’s Articles of Association and in this Registration Document in Section 2.2.2 below. The rules governing the allocation of dividends to the general partner andClass B shareholders can be found in the Company’s Articles of Association and in this Registration Document. The Company has no stock option or bonus share plan in place.

2.2.1 REMUNERATION OF CORPORATE OFFICERS

Non-executive corporate officers receive no remuneration from the Company other than the attendance fees approved by shareholders. In addition, non-executive corporate officers receiveno remuneration fromCompany subsidiaries or controlling companies. SolelyAltamir allocated attendance fees to the corporate officers listed below. Attendance fees paid in 2016 and 2017 are indicated below.

In accordance with Article 21 of the Articles of Association, the Supervisory Board may be allocated an annual remuneration in the form of attendance fees. The amount of these fees is set by the shareholders at their Ordinary General Meeting and maintained unless otherwise decided by the shareholders at a General Meeting. TheBoarddivides these attendance fees among its members in the proportions that it deems appropriate.

ATTENDANCE FEES AND OTHER REMUNERATION PAID TO NON-EXECUTIVE CORPORATE OFFICERS

Amounts paid in 2017 for the 2016 financial year

Amounts paid in 2016 for the 2015 financial year

Non-executive corporate officers

Attendance fees only Jean Besson* Sophie Etchandy-Stabile*

50,000 25,970 42,000 42,000 55,000 35,000

45,000 35,000 40,000 40,000 50,000 35,000 15,000

Marleen Groen* Gérard Hascoët* Jean-Hugues Loyez

Philippe Santini

Joël Séché (1)

N/A

TOTAL

249,970

260,000

* Member of the Audit Committee. (1) Mr Séché’s appointment as Chairman of the Supervisory Board ended on 3 March 2015 and his appointment as member of the Supervisory Board ended on 23 April 2015.

Thus, the variable portion of attendance fees has a heavier weighting than the fixed portion in accordance with the Afep- Medef Code guidelines. The performance of individual assignments may result in the payment of additional attendance fees or remuneration. Such assignments are treated as regulated agreements. Themembers of the SupervisoryBoard receivedno remuneration other than the attendance fees detailed above. There are no individual corporateofficers other than themembers of the Supervisory Board.

RULES FOR THE DISTRIBUTION OF ATTENDANCE FEES

Attendance fees are paid according to the allocation rules approved by the Supervisory Board on 4 March 2014, as follows: „ 40% unconditionally (fixed portion); „ 60% depending on attendance (variable portion): „ if themember attendsmore than 80%of themeetings: 100% of the variable portion, „ if themember attendsbetween50%and80%of themeetings: a pro rata amount based on attendance, „ if the member attends less than 50% of the meetings: no variable portion.

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• ALTAMIR 2017

REGISTRATION DOCUMENT