EURAZEO_REGISTRATION_DOCUMENT_2017

COMPANY FINANCIAL STATEMENTS Notes to the Company financial statements

OFF-BALANCE SHEET COMMITMENTS NOTE 17

Commitments received from Carryco Croissance 2 Pursuant to the signature of an investment protocol on June 29, 2015, Carryco Croissance 2 undertook to invest alongside Eurazeo in all investments performed by the latter under the co-investment program defined in the protocol during the period January 1, 2015 to December 31, 2017 (potentially extended one year to December 31, 2018) in the amount of 10% of the total investment planned by Eurazeo. In addition, Carryco Croissance undertook to share with the private individual shareholders any capital gain realized on these investments in accordance with the method set out in the “Accounting principles and methods” note. Commitments received from Carryco Patrimoine Pursuant to the signature of an investment protocol on July 30, 2015, Carryco Patrimoine undertook to invest alongside Eurazeo in all investments performed by the latter under the co-investment program defined in the protocol during the period January 1, 2015 to December 31, 2017 (potentially extended one year to December 31, 2018) in the amount of 10% of the total investment planned by Eurazeo. In addition, Carryco Patrimoine undertook to share with the private individual shareholders any capital gain realized on these investments in accordance with the method set out in the “Accounting principles and methods” note. Fund portfolio Pursuant to its disposal of the fund portfolio, Eurazeo entered into various agreements setting out disposal procedures for these portfolios. These agreements contained a number of standard representations and warranties. All these warranties have now expired, with the exception of the compensation clause concerning the Baker II agreement which is not subject to a time limit. However, no claims may exceed the transaction amount. Novacap Pursuant to the acquisition of the Novacap Group, Novacap Group Bidco, a subsidiary of Eurazeo, granted an earn-out of a maximum amount of €30 million (Eurazeo share of €12 million), payable in 2018 if the group attains certain performance objectives in 2017. In this context, Eurazeo has undertaken to provide its subsidiary with the necessary funds to pay this earn-out.

In accordance with current accounting standards, all material Eurazeo commitments (excluding those relating to shareholder agreements covered by confidentiality agreements) are listed below: Syndicated credit facility On June 27, 2014, Eurazeo secured a five-year €1 billion loan with a banking syndicate, which was extended on two occasions by one year, i.e. until June 27, 2021. As of December 31, 2017, this loan had not been drawn and the total commitment received by Eurazeo stood at €1 billion. Commitments received from Carryco Capital 1 CarryCo Capital 1 undertook to invest alongside Eurazeo in all investments performed by the latter under the co-investment program defined in the protocol during the period January 1, 2014 to December 31, 2017 (potentially extended one year to December 31, 2018) in the amount of 10% of the total investment planned by Eurazeo. The investment period was closed in 2017 and the only remaining commitments relate to potential external growth transactions and reinvestments in respect of completed investments. In addition, Carryco Capital 1 undertook to share with the private individual shareholders any capital gain realized on these investments in accordance with the method set out in the “Accounting principles and methods” note. Commitments received from Carryco Croissance Pursuant to the signature of an investment protocol on December 29, 2014, Carryco Croissance undertook to invest alongside Eurazeo in all investments performed by the latter under the co-investment program defined in the protocol during the period January 1, 2012 to December 31, 2013 in the amount of 10% of the total investment planned by Eurazeo. In addition, Carryco Croissance undertook to share with the private individual shareholders any capital gain realized on these investments in accordance with the method set out in the “Accounting principles and methods” note.

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2017 Registration document