ASSYSTEM_Registration_Document_2017

MANAGEMENT REPORT

ASSYSTEM SA PARENT COMPANY FINANCIAL STATEMENTS

3.3 ASSYSTEM SA PARENT COMPANY FINANCIAL STATEMENTS

At 31 December 2017, Assystem SA either directly or indirectly held 100% of the shares and voting rights of its main operating subsidiaries, which are as follows: Companies incorporated in France ● Assystem Engineering & Operation Services SAS and subsidiaries

In 2017 the Company continued to perform its role as the head of the Group. The Company's operating income for 2017 totalled €10 million and was derived from management services and expertise provided to the subsidiaries of the Assystem Group. The Company ended the year with profit of €387.8 million (versus a loss of €16.3 million in 2016). The Company's assets totalled €469.9 million at 31 December 2017, down €28.3 million compared with 31 December 2016. The Company had no employees at 31 December 2017. During 2017, Assystem SA acquired the entire capital of Assystem Conseils (previously owned by HDL Development) for €3 thousand and all of the shares in Assystem Energy and Infrastructure UK Ltd for €5,514 thousand. On 19 July 2017, Assystem SA injected €19 thousand into the capital of Assystem Technologies Belgium (ATB) and then on 8 September took up €346 thousand worth of shares issued under a capital increase carried out by ATB. Assystem SA subsequently sold its ATB shares on 28 September, at their cost price, in connection with the transfer of control of GPS. On 3 August 2017, Assystem SA injected €19 thousand into the capital of Assystem Technologies Switzerland (ATS) and then on 12 September took up €608 thousand worth of shares under a capital increase carried out by ATS. Assystem SA subsequently sold its ATS shares on 31 October, at their cost price, in connection with the transfer of control of GPS. Also in 2017, Assystem SA acquired (i) a 39.23% interest in Assystem Technologies Groupe for €62,140 thousand (on 28 September), (ii) a 72.70% interest in The Biotech Quality Group for €10,905 thousand, and (iii) a 5% interest in Framatome for €123,726 thousand. 3.3.1 ACQUISITIONS OF SHARES IN NEW SUBSIDIARIES

● Assystem Investissements SAS

● MPH Global Services and subsidiaries Companies incorporated outside France

● Assystem Energy Infrastructure UK and subsidiaries

Assystem Belgium

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● ASM Technologies (based in Morocco)

Assystem Switzerland

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3.3.2

ACQUISITIONS OF ADDITIONAL SHARES IN EXISTING SUBSIDIARIES

On 24 February 2017 Assystem SA acquired, for €3,679 thousand, a 60% interest in Plast Concept, raising its interest in this subsidiary to 100%. All of Plast Concept’s capital was transferred to Assystem Technologies on 28 September in connection with Assystem SA’s transfer of control of GPS. On 28 April 2017, Assystem SA acquired 683,690 shares in MPH Global Services SAS (MPH GS) from its subsidiary Assystem Engineering & Operation Services, representing 15.14% of MPH GS’s capital, for €4,650 thousand. Following this transaction Assystem SA held all of the shares in MPH GS. SALE OF SHARES IN SUBSIDIARIES See Chapter 1 of this Registration Document and Section 3.1.2 for a detailed description of the transfer of control of the GPS division. 3.3.3

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ASSYSTEM

REGISTRATION DOCUMENT 2017