BPCE_REGISTRATION_DOCUMENT_2017

FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2017

Gains and losses recognized directly in other comprehensive income

Change in fair value of financial instruments

Revaluation of own credit risk on financial liabilities at fair value through profit or loss (9)

Revaluation differences on employee benefits

Net income attributable to equity holders of the parent

Total equity attributable to equity holders of the parent

Foreign exchange rate adjustments

Available-for- sale financial assets

Non- controlling interests

Total consolidated equity

Hedging derivatives

487

(143)

8

2,267

(489)

57,632

7,561

65,193

(361) 1,304 (350)

(443)

(804) 1,307 (350) (173) (119) (328) 4,488 4,160 (99)

3

(99)

(147)

(26)

347

(466)

116

(132)

(66)

(378)

55

(405) 3,988 3,583 (100)

77

3,988 3,988

500 577

116

(132)

(66)

(378)

55

2

(98)

603

(275)

(58)

1,889

(434)

3,988

61,462

7,674

69,136

(3,988)

603

(275)

(58)

1,889

(434)

61,462

7,674

69,136

5

(354) 1,645

(411)

(765) 1,674

29

(1,052)

(301)

(1,353)

(75)

(75)

5 5

(221)

(264) (946) (233)

(485)

(57)

(1,003)

(524)

17

(109)

212

73

(331) 3,024 2,693

(564) 3,705 3,141

3,024 3,024

681 448

(524)

17

(109)

212

73

(69)

(4)

(73)

84

(258)

(167)

2,101

(361)

3,024

64,029

7,172

71,201

-€122 million (-€87 million attributable to equity holdersof the parent and-€35 million attributable to non-controlling interests) forstockoptions granted to minority shareholders in the Australian company ● InvestorMutualLimited(IML),inPayPlugandfor the resultsof the publicbid for the shares inDalenys group heldbyminority shareholders made inDecember 2017; -€111 million (-€79 million attributable to equity holdersof the parent and-€32 million attributable to non-controlling interests) for the change in the fair value of stockoptions granted to the minority ● shareholders of: DNCAFrance(-€45 million attributable to equityholdersof the parent and -€18 million attributable to non-controlling interests), - Ciloger(-€11 million attributable to equity holdersof the parent and-€5 millionattributable tonon-controlling interests), - Dorval (-€21 million attributable to equityholdersof the parent and -€8 million attributable to non-controlling interests), - Darius(-€5 millionattributable to equityholdersof the parent and -€2 million attributable to non-controlling interests), - Lakooz (+€3 million attributable to equity holdersof the parent and+€1 million attributable to non-controlling i terests); - +€40 million impactonnon-controlling interestsattributable to the inclusion of BretagneParticipations and Sodero Participations in theconsolidation scope. ● Including avariationin the translation difference of -€22 million (-€16 million attributable to equity holdersof the parent and-€6 millionattributable tonon-controlling interests) following the reclassification (7) linked tothe sale of two Natixisgroupentities (Caspian 1Aand 1B)and the liquidation of NexgenFinancial Holding. Otherchangesalso include interest on perpetual deeply subordinated notesfor the portion subscribed for by non-controlling interests. (8) The impactof the early application of the provisions of IFRS 9“Financial Instruments”on financialiabilities recognized under“Revaluationofown credit riskonfinancial liabilities at fair valuethrough profit or (9) loss” wasbooked inopeningequityat January 1,2016in theamount of+€17 million (+€8 million attributable to equity holdersof the parent). Changes in fair valueattributable to own creditriskon financial liabilities at fair valuethrough profit or lossbookedinequityamounted,aftertax,to:

-€93 million (-€66 million i equityattributable to equityholdersof theparent) in2016.Early repayment balances recognized inequityin2016stoodat +€8 millionetof tax; ● -€148 million (-€109 million inequityattributable to equity holdersof the parent) in 2017. Early repayment balances recognized inequityin 2017stoodat +€3 million net of tax. ●

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Registration document 2017