AXWAY_REGISTRATION_DOCUMENT_2017

Axway Profile Governance based on best practices

Governance based on best practices Axway follows the Middlenext Code of Corporate Governance. It has chosen for its governance structure to separate the offices of Chairman of the Board of Directors and CEO.

Board of Directors

Pierre Pasquier Chairman of the Board of Directors

Pierre-Yves Commanay Director

Kathleen Clark Bracco Director-DeputyChairman

(Chairman)

Emma Fernandez Independent Director

Nicole-Claude Duplessix Director

Hervé Dechelette Independent Director

Pascal Imbert Independent Director

Helen Louise Heslop Independent Director

Michael Gollner Independent Director

(Chairman)

Hervé Saint-Sauveur Independent Director

Véronique de La Bachelerie Director

Yves De Talhouët Independent Director

(Chairman)

2017 General Meeting: proposed appointment of two new directors.

Yann Metz-Pasquier Observer

Member of the Audit Committee

Member of the Selection, Ethics and Governance Committee

Member of the Remuneration Committee

58 % independent directors

42 % women

13 members

4 nationalities represented

95 % attendance rate

6 meetings in 2017

This information is detailed in Chapter 3 of the Registration document.

8

AXWAY - 2017 REGISTRATION DOCUMENT

www.axway.com