Eurazeo / 2018 Registration document

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

undertook to hold the shares in SNC Highlight, which performed • the acquisition, for a period of five years (subject to exceptions such as a third-party offer for the SNC Highlight shares); granted several securities guaranteeing the bank financing • contracted (mortgage on the building, subrogation in the vendor’s prior claim, pledge of SNC Highlight shares, pledge of inter-company loan receivables). Commitments involving Eurazeo Patrimoine Pursuant to the acquisition of the Highlight real estate project, Eurazeo Patrimoine undertook: to hold throughout the duration of the shareholders’ agreement • with JC Decaux Holding, 100% of LHH1 and LHH2 shares (noting that in the event of the transfer of 100% of LHH 2 shares to an associate, the associate will be required to hold at least two-thirds of the LHH 2 shares); to be bound by the obligations of its subsidiary, Eurazeo Patrimoine • AM, under the asset management service agreement entered into with SNC Highlight. Pursuant to the acquisition of the NEST Fragrances group, Eurazeo NF US Blocker Inc., a subsidiary of Legendre Holding 57, received extended warranties from the vendors covering purchased assets, covering periods of 18 to 72 months. In this context, Eurazeo NF US Blocker Inc. granted standard warranties covering its existence and capacity. Commitments involving Eurazeo PMG US Blocker Inc. Pursuant to the acquisition of a minority stake in the share capital of Pat McGrath Cosmetics LLC, Eurazeo PMG US Blocker Inc, a U.S. company wholly-owned by Legendre Holding 63, in turn wholly-owned by Eurazeo SE, received standard representations and warranties for this type of transaction from Pat McGrath Cosmetics LLC. In addition, Eurazeo PMG US Blocker Inc. received purchase commitments from and granted sales commitments to Pat McGrath Cosmetics LLC covering its entire stake in the share capital of Pat McGrath Cosmetics LLC, available for exercise under certain conditions and during certain periods. Eurazeo Brands Commitments involving Legendre Holding 57

Commitments involving DAZEO Pursuant to the creation of the Spanish company, DAZEO JV, SL, a partnership between Erel 2 S.à.r.l. (a subsidiary of Eurazeo SE) and Dazia Capital Real Estate Investments, Erel 2 S.à.r.l. granted Dazia Capital Real Estate Investments, S.L. and received from Dazia Capital Real Estate Investments, S.L. the standard representations and warranties for this type of transaction. Erel 2 S.à.r.l. therefore received a six-year “lock-up” commitment granted by Dazia Capital Real Estate Investments, S.L. and covering its shares in the Spanish company, DAZEO JV, SL, and a sales commitment covering the DAZEO JV, SL shares held by Dazia Capital Real Estate Investments, S.L. in certain cases of default by Dazia Capital Real Estate Investments, S.L., pursuant to the shareholders’ agreement with Erel 2 S.à.r.l. Finally, DAZEO HOLDCO, SL (a subsidiary of DAZEO JV, SL) entered into a sales commitment with Dazia Capital Real Estate Investments, S.L, under which Dazia Capital Real Estate Investments, S.L undertakes to sell to DAZEO HOLDCO, SL 100% of the share capital and shareholder current account held by Dazia Capital Real Estate Investments, S.L in Dazia Capital Alcalá, S.L. (owner of a building located at calle Alcalá 141, Madrid, Spain). Pursuant to this acquisition: DAZEO HOLDCO, SL undertakes to pay to Dazia Capital Real Estate • Investments, S.L an earn-out of €937,500; Dazia Capital Real Estate Investments, S.L has granted DAZEO • HOLDCO, SL standard representations and warranties for this type of transaction, for a duration of 18 months (except fundamental warranties concerning capacity and ownership of the shares and taxation and employee issues, that are granted for the applicable limitation periods). Commitments involving LHH1 and LHH2 Pursuant to the acquisition of the Highlight real estate project, completed on May 29, 2018 (off-plan acquisition) by SNC Highlight (JV with the JC Decaux group), LHH1 and LHH2, Eurazeo Patrimoine subsidiaries and shareholders in SNC Highlight: undertook to invest €59.1 million (residual amount, post-financing, • paid on signature of the off-plan acquisition) ;

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2018 Registration Document