Eurazeo / 2019 Universal Registration Document

Risk management Risk management and internal control systems

The contribution oftransversal committees The creation of a certain number of committees that bring together various functions of the organization promotes the interaction required forthe internal controlsystem towork properly. The RiskCommittee The Risk Committee meets once a month. It comprises the Chief Financial Officer, the General Secretary, the Managing Partner of Eurazeo Capital, the Risk Director and an Eurazeo PME Managing Partner. It focuses on priority risks and monitors the implementation of relatedrisk mitigation actionplans, as well as progresswith the work of the Risk Department. The ManagementCommittee The ManagementCommittee, chaired by the Chief Financial Officer, bringstogetherall managersin chargeof corporatefunctionsat Eurazeo SE. It meets twice a month. It discusses current issues and ongoing projects thatcut acrossthe Company. The Treasury Committee The Treasury Committee primarily comprises the Chief Financial Officer, the Director of Financial Affairs, the Director of the Capital Markets, Financing and Treasury Department and the Treasurer. It meets once a month. Its role consists in defining the treasury policy to be implemented,and adapting it in line with market conditions and the operating needsof Eurazeo SE. Risk prevention and compliance with internal procedures is the responsibilityof everyone within the organization.The internal control system is therefore based on an environment that promotes honest and ethical behavior, particularly through the communication of a certain numberof essential principles, valuesand practices. Code of businessconduct Eurazeo has a Code of business conduct. It defines the values and principles that must guide the behavior of its employees and the stakeholderswith which Eurazeo has a relationship. In particular, the code covers certain commercial practices (notably the amount of giftsreceivedfromoutside),the managementof conflictsof interest, the confidentialityof information,respect for persons and private life, data protection, the use of Company assets and the prevention of corruption and influence peddling. Each employee confirms annually his/her commitmento comply with this Code. AN ENVIRONMENTWHICH SEEKS 4.1.3 TO PROMOTE HONEST AND ETHICAL BEHAVIOR

the restrictions on the exercise of share purchase or subscription options and the sale of free shares.This chartergovernstransactionsin Eurazeo SE shares, notably prohibiting transactions during the closed periods defined in accordancewith AMF recommendationno. 2010-07 of November 3, 2010, but also trading in the securities of Eurazeo's subsidiaries or investmentswhose securitiesare traded on a regulated market. The securities trading code of conduct was updated in 2019 pursuantto Articles L. 225-177,L. 225-179and L. 225-197-1of the French Commercial Code, as amended by the Soilihi law (law simplifying, clarifying and updating corporatelaw) Fight against moneylaundering and terrorist financing In the course of its acquisition and divestmentactivities, Eurazeo uses KYC (Know Your Client) proceduresunder the supervisionof the Legal Department.These procedures arebased on market practices. Preventionof fraud andcorruption The application of best ethics practices is a commitment under Eurazeo's responsible shareholder policy. It is part of a process aimed at developing a strong and exemplary governancemodel, as defined in its Corporate Social Responsibility Charter. In this process of continuous improvement, Eurazeo encourages its investments to implementbest practices in the detectionand preventionof fraud and corruption,adaptedto the specific characteristicsof eachcompany. Eurazeo has prepared a guide to anti-fraud and anti-corruption best practice for employees and investments. The management teams of investments are asked to comply with the recommendations contained therein. The principles of conduct and action cover topics including asset protection, the role of internal control, delegation systems, the reliability of the production of accounts and financial statements, relations with public officials, gifts given and received, business travel, conflicts of interest, relationships with suppliers, and the prevention of money laundering. During the acquisition phase, close attention is paid to factors that encourage the emergence of fraud and corruption risks (activities, sectors,stakeholders,etc.). Eurazeo SE strengthened its corruption prevention procedures following the entry into effect of the Sapin II law. It developed a guide to the implementation and/or strengthening of anti-corruption mechanisms, to facilitate compliance by its controlled investments with the Sapin IIprovisions. Eurazeo framework:communicationof good internal control practices In order to best satisfy the informationneeds of the Audit Committees of its investments, Eurazeo has progressively developed an internal control assessment system. The Company has a tool that enables the investments to rate themselves against a common framework of principles and best practices. This framework is based on general internal control principles developed in market frameworks, and primarily the AMF and COSO Reference Framework. This approach encourages the sharing of best practice between investments, rewards efforts and progress made and contributesto the production of uniform informationthat is comparable betweeninvestments.

Securities tradingcode of conduct

Eurazeo has a securities trading code of conduct that governs trading in Eurazeo SE shares by Executive Board members and Supervisory Board members and non-voting members. In addition, a securities trading code of conduct is applicable to members of the Executive Board and all employeesof the Company,setting out their obligations in respect of inside information, the penalties applicable and

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