CAPGEMINI_REGISTRATION_DOCUMENT_2017

FINANCIAL INFORMATION

4.2 Consolidated Financial Statements

Commitments given on non-cancellable leases B) Commitments given on non-cancellable leases break down by maturity as follows:

Vehicles and other non-cancellable leases

Computer equipment

Offices

Total

in{millions of euros

Y+1 Y+2 Y+3 Y+4 Y+5

6 4 2 2

182 142

54 37 20

242 183 118

96 77 65

6

85 65

- -

- -

Y+6 and beyond

114

114

AT DECEMBER{31, 2017

14 16

676 635

117 124

807 775

At December{31, 2016

Lease payments recognized in the Income Statement in{2017 totaled €339{million (€362{million in{2016).

4

Other commitments given C) Other commitments given total €30{million at December{31, 2017 (€37{million at December{31, 2016) and mainly comprise firm purchase commitments relating to goods or services in the United Kingdom and France. Other commitments received D) Other commitments received total €118{million at December{31, 2017 (€130{million at December{31, 2016) and primarily comprise: commitments received on client contracts. The Group X received a limited financial guarantee of €50{million from a client on the signature of a contract in{2010; commitments received following the purchase of shares held X by certain minority shareholders of Capgemini{Brasil S.A. for an amount of €59{million. Capgemini{SE has committed to standard obligations in respect of the 2015{bond issues and the 2016{bond issue detailed in Note{21{- Net debt/Net cash and cash equivalents, and particularly to maintain pari passu status with all other marketable bonds that may be issued by the Company. Syndicated credit facility obtained by Capgemini{SE B) and not drawn to date Capgemini{SE has agreed to comply with the following financial ratios (as defined in IFRS) in respect of the credit facility disclosed in Note{21{- Net debt/Net cash and cash equivalents: the consolidated net debt{ (1) to consolidated equity ratio must X be less than{1 at all times; Off-balance sheet commitments relating to Group financing Bonds A)

the interest coverage ratio (the extent to which consolidated X net finance costs are covered by consolidated operating margin{ (1) ) must be equal to or greater than{3 at December{31 and June{30 of each year (based on the 12{months then ended). At December{31, 2017 and{2016, the Group complied with these financial ratios. The credit facility agreement also includes covenants restricting Capgemini{SE’s ability to carry out certain operations. These covenants also apply to Group subsidiaries. They include restrictions primarily relating to pledging assets as collateral, asset sales, mergers and similar transactions. Capgemini{SE also committed to standard obligations, including an agreement to maintain pari passu status. Borrowings secured by assets C) Some borrowings are secured by assets recorded in the Consolidated Statement of Financial Position. At December{31, 2017, these related to finance leases in the amount of €87{million and other borrowings in the amount of €3{million. Contingent liabilities During{2017 and in previous fiscal years, certain Group companies underwent tax audits leading in some cases to tax reassessments. A number of proposed adjustments have been challenged and litigation and pre-litigation proceedings were in progress at the period end. In general, no provisions have been set aside for these disputes in the consolidated financial statements in so far as Capgemini can justify its positions and considers the likelihood of winning the disputes to be high. This is particularly the case, in France, for research tax credits for the period{2008 to{2013, in respect of which the tax authorities have rejected the portion concerning private clients in certain companies registered for the research tax credit.

The alternative performance measures monitored by the Group (operating margin and net debt) are defined in Note{3{- Alternative performance measures, and broken (1) down in Note{21{- Net debt/Net cash and cash equivalents.

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REGISTRATION DOCUMENT 2017 — CAPGEMINI