BPCE - 2018 Registration document

FINANCIAL REPORT BPCE management report

an allocation of € 12,572,140.36 to "Retained earnings". ● Given the payment on December 21, 2018 of an interim dividend of € 201,537,903.42, as decided bythe Management Board at its meeting of December 20, 2018, a residual dividend of € 201,502,522.94 remains to be paid to the shareholders, i.e. € 5.9815 per share.

Subsequent to this distribution, the balance of “Retained earnings” is € 3,498,918,097.65. In accordance with the provisions of Article L. 243 bis of the French General Tax Code, the table below shows the dividends paid out in respect of the three previous fiscal years:

Fraction of the dividend eligible for the 40% tax deduction

Fraction of the dividend ineligible for the 40% tax deduction

Balance sheet date

Dividend per share

12/31/2015 12/31/2016 12/31/2017

Category “A” and “B” shares Category “A” and “B” shares Category “A” and “B” shares

€11.2364 €12.312 €12.9382

€349,996,600.88 €383,499,888.77 €403,005,056.92

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Information on subsidiaries, equity investments and branches Activity and results of the main subsidiaries The activity and results of the main subsidiaries are described in Chapter 1 of this document. A list of subsidiaries and equity investments is available in Chapter 5 “BPCE parent company financial statements”. Investments and controlling interests In February 2018, BPCE subscribed for the reserved capital increase of 3F Holding GmbH in the amount of € 48 million. BPCE carried out several transactions in March 2018: acquisition of shares in Ecufoncier worth € 1,654,000 with the aim ● of absorbing it through a total transfer of assets and liabilities; statutory changes to CRH which led to the acquisition of shares ● worth € 807,000; subscription for the IXION capital increase in the amount of ● € 7 million; subscription for the BPCE International capital increase in the ● amount of € 70 million. In September 2018, BPCE paid 3F Holding GmbH € 60 million with respect to its capital increase and capital reserve. Also during fiscal year 2018, BPCE increased its asset funding capital by € 24 million. Employee participation in the share capital Information concerning employee participation in the share capital is provided in Chapter 7. Information concerning company directors Information concerning company directors is provided in Chapter 3. List of directorships and offices Information concerning the list of directorships and offices of company directors is provided in Chapter 3. Branches BPCE owns no branches.

Remuneration and benefits Information concerning remuneration and benefits granted by BPCE to the company directors is provided in Chapter 3. Related-party agreements No corporate officer or shareholder holding more than 10% of the voting rights signed any agreement in 2018 with a company in which BPCE holds, either directly or indirectly, more than half of the share capital. Information concerning commitments and related-party agreements is provided in Chapter 7. Information regarding ownership of share capital Information concerning the ownership of the share capital is provided in Chapter 7. Information regarding inactive accounts (Articles L. 312-19, L. 312-20 and R. 312-21 of the French Monetary and Financial Code) As BPCE holds no individual current accounts it is not affected by these articles. Disposals of shares Share disposals over the period were as follows: Les Editions de l’Epargne in March for € 1; ● VIGEO in March for € 302,000; ● BPCE Immobilier Exploitation in June for € 3.2 million; ● Alyse Guyane in July for € 47,000; ● partial sale of Nefer in July for € 1.5 million; ● BPCE Assurances Production Services in July for € 20,000. ● In August, Société d’Exploitation MAB paid BPCE € 20 million from its capital and issue premium which reduced the value of these shares in the accounts. Trading by BPCE in its own shares In 2018, BPCE did not trade in its own shares.

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Registration document 2018