AXWAY_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS AXWAY GROUP AND ITS BUSINESS ACTIVITIES Report of the Board of Directors on corporate governance and internal control CORPORATE GOVERNANCE CORPORATE RESPONSIBILITY

2017 ANNUAL FINANCIAL STATEMENTS

CAPITAL AND AXWAY SOFTWARE STOCK

INFORMATIONS ADMINISTRATIVES ETbJURIDIQUES

COMBINED GENERAL MEETING OFb6bJUNEb2018

Procedures for the preparation of the consolidated financial statements Each company establishes monthly financial statements and prepares a consolidation pack. The interim and annual consolidation packs are audited or reviewed by each company’s external auditor. Once approved, they are used by the Finance Department and the consolidated financial statements are examined by the Statutory Auditors. Process to validate the financial statements The half-yearly and annual consolidated financial statements are presented to the Executive Management by the Finance Department. For the year-end closing on 31ǾDecember the Statutory Auditors perform a statutory audit of the Company’s financial statements for the purpose of their certification. Tasked with monitoring the statutory audits, the Audit Committee reviews the work and conclusions of the Statutory Auditors pursuant to their audits of the half-yearly and annual financial statements. The Audit Committee examines the financial statements, to ensure the consistent application and relevance of accounting policies, and to satisfy itself of the quality of the financial disclosure. The financial statements are then submitted to the Board of Directors for approval.

Financial disclosure Financial disclosure is supervised by the Chairman of the Board of Directors. The Group distributes its financial information by different means and notably via press releases, the Registration Document and the different information reports it includes, and the presentation of half-year and yearly results. All of this information is placed online on the Group’s website. The Registration Document is filed with the AMF after auditing by the Statutory Auditors.

Paris, 19ǾApril 2018 The Board of Directors

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AXWAY - 2017 REGISTRATION DOCUMENT

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