Altamir - 2018 Registration document

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Supplementary information

Glossary

CO-INVESTMENT Direct investment in a company along with a private equity fund, with equivalent pricing, conditions and rights.

DISCOUNT Shares of listed private equity companies often trade with a discount to NAV, i.e. at a share price less than the NAV per share. The discount is the difference between the market price and NAV per share, expressed as a percentage of NAV. DIVIDENDS The dividend is the remuneration paid to shareholders in exchange for their investment in the company’s equity. It is the portion of distributable income that, based on the recommendation of the Supervisory Board and approval by shareholders, is paid to each shareholder. DUE DILIGENCE All measures taken in the analysis and review of information that allow the equity investor to make a judgment about the business, financial condition, income, growth prospects and organisation of the company being considered for acquisition.

EBIT Earnings before interest and taxes.

EBITDA Earnings before interest, taxes, depreciation and amortisation, including amortisation of goodwill.

LEVERAGE Multiplier effect on the return on equity resulting from the use of external financing.

SUBSCRIPTION COMMITMENT Equity that each investor in a private equity fund agrees to commit over the term of a fund, and which will be called as and when investments are made.

ESG Environment, Social and Governance

EVERGREEN An evergreen structure is an investment companywith an unlimited duration, as opposed to private equity funds (FPCI) that generally have a 10-year life. FRANCE INVEST (EX-AFIC–ASSOCIATION FRANÇAISE DES INVESTISSEURS POUR LA CROISSANCE) Professional association established in 1984 that includes nearly all of the private equity companies in France. Itsmission is to promote and develop private equity investment by federating all the players in the marketplace (www.afic-asso.fr). FPCI FUND FPCI (fonds professionnel de capital investissement), or private equity fund, is the new name for the former FCPR (fonds commun de placement à risque). An FPCI is an investment fund but not a legal entity. It is managed by a management company, authorised by the French financial market authority (AMF), that acts, represents and makes commitments on behalf and for the account of the FPCI. At least 50% of its assets must be composed of unlisted shares.

PRIVATE EQUITY FUND Vehicle formed by investors for the purpose of making equity investments and sharing in the resulting income.

FUND OF FUNDS Private equity fundwhose primary activity is investing in other private equity funds. In this way, investors in funds of funds can increase their level of diversification.

BUYOUT FUND A private equity fund that acquires majority interests in established companies.

182 Registration document ALTAMIR 2018

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