AXWAY_REGISTRATION_DOCUMENT_2017

Axway Group and itsǾbusiness activities

1

“ Axway: continuing our digital transformation ”

1.1 General situation in the enterprise software market

14 17 19 24 25 26 29 30

1.2 History of Axway

1.3 Strategy and activities

1.4 Research & Development, patents and licenses

1.5 Investments inǾ2017

1.6 Key figures

1.7 Simplified Group structure at 31ǾDecember 2017

1.8 Group organization

1.9 Comments on the Group’s 2017 consolidated financial statements 32 1.10 Comments on the 2017 annual financial statements of Axway SoftwareǾSA 35 1.11 Strategy and targets forǾ2018 37 1.12 Recent changes 39 1.13 Risk factors 42

13

AXWAY - 2017 REGISTRATION DOCUMENT