Eurazeo / 2018 Registration document

GROUP OVERVIEW Challenges

PROACTIVE TO CHANGES IN THE PRIVATE EQUITY MARKET 4 MAJOR TRENDS

2 1 A fast-growing alternative financing market R 3 An economic environment in keeping with 2018 R Increasingly intense competition 4 Increasingly demanding investors and stakeholders R

A twofold increase in assets under management by 2025

R Growth in the United States, Europe and Asia, driven by innovation and diversified financing sources R Enhanced appeal due to outperforming returns compared to other financial investments

R High asset purchase prices due to substantial available resources, bullish market conditions and greater competition between direct investors R A “bipolar” sector with global platforms (all segments, all products and worldwide), and specialized management companies

Global growth that should remain identical in 2018 and 2019

R A subsequent slowdown in the growth of developed countries that should fall short of the averages reached before the global financial crisis of 2008 R Geopolitical factors and commercial tensions that will disrupt international trade

Greater investor selectivity with higher average amounts per deal R More demanding stakeholders, particularly with regard to investor Corporate Social Responsibility

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Eurazeo

2018 Registration document