Eurazeo / 2018 Registration document

COMPANY FINANCIAL STATEMENTS Notes to the Company financial statements

Eurazeo formed a tax group on January 1, 2001. The taxable income (loss) of tax group companies for the year ended December 31, 2018 is as follows:

Taxable income (loss) of tax group companies in the absence of tax grouping 12/31/2018

(In thousands of euros)

Tax group companies Eurazeo Patrimoine

2,756 4,400 (5,025)

Eurazeo PME

Eurazeo PME Capital

LH APCOA

(188)

Legendre Holding 23

(4)

LHH 1

(421)

The income tax expense is calculated based on the taxable income (loss) of each company, as if the company were not included in the tax group. Tax savings associated with tax losses (losses generated by subsidiaries during tax grouping likely to be offset against future income, internal capital gains rolled-over, etc.) are neutralized in the parent company’s accounts and accordingly are not reported in the income statement.

Definitive gains or losses are recognized in profit and loss. Accordingly, Eurazeo recognized a tax consolidation gain of €1,090 thousand in 2018. As of December 31, 2018, the tax group consisting of Eurazeo and its subsidiaries had carried tax forward losses of €58,487 thousand.

OFF-BALANCE SHEET COMMITMENTS NOTE 17

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 credit facility with a banking syndicate, which was extended on two occasions by one year, i.e. until June 27, 2021. As of December 31, 2018, this credit facility 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. 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 2 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.

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Eurazeo

2018 Registration Document