Eurazeo / 2019 Universal Registration Document

Financial Statements Consolidated Financial Statements for the year ended December 31, 2019

Consolidation method

Changein consol.scope

Companyname

Country

% control

% interest

Dauphin

France France

FC FC FC FC FC FC FC EA EA EA EA EA EA FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC EA FC FC FC FC FC FC FC FC FC FC FC

26.01% 46.72% 46.72% 46.72% 46.72% 46.72% 46.72% 11.45% 23.36% 22.89% 17.16% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93%

PCAS Biomatrix Inc.

Chemoxy Crossco

United Kingdom United Kingdom United Kingdom

Novacap UK Bidco

PCI Synthesis

United States United States

Novacap US Holdings

ETBS

France France France France France France

Feracid

Novawood OSIRIS (GIE)

Alganelle

10.78% Acquisition 22.89% Acquisition

LMPP

SommetEducationsub-group Graduate

Luxembourg Switzerland Switzerland Switzerland Switzerland

75.28%

Gesthôtel

SommetEducation

Hauteécole spécialisée Les Roches-Gruyère

G I HE

Glion UK

United Kingdom

Les RochesChicago

United States

Escuela Superior de alta gestion de hotel

Spain

SommetEurope Online SommetEducationFrance Hospitality Education Pte. SommetEducationUK

Netherlands

France

Singapore

United Kingdom

SommetEducationServices Spain

Spain China France France France France China

SommetCommercialConsulting (Shanghai) Co

Alain DucasseFormation

38.22% Acquisition 36.35% Acquisition 38.22% Acquisition 38.22% Acquisition

Institut Françaisde Formation enPâtisserie

École de CuisineAlain Ducasse Centre de Formation Alain Ducase

Les RochesJin Jiang InternationalHotelManagement

37.47%

WorldStridessub-group LH WS WS Holdings Acquisition Inc

France

67.84% 69.75%

67.43% 47.04% 47.04% 47.04% 47.04% 47.04% 42.10% 42.10% 42.10% 42.10% 42.10%

United States United States United States United States United States United States United States United States United States United States

WS Holdings Inc. WS Purchaser Inc.

100.00%

WH BlockerInc.

WorldStrides Holdings LLC LakelandHoldings LLC LakelandSellerFinance LLC

LakelandFinance LLC LakelandTours LLC

HeritageEducationandFestivalsLLC

FC = Fullconsolidation. EA = Equityaccounted.

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