Eurazeo / Shareholder's Letter (june 2019)

Olivier MILLET, Member of the Executive Board S ophie FLAK, Director of CSR and Digital

Three value creation drivers

1 A unique digital ecosystem

Following themerger of theEurazeo and Idinvest teams andcompetencies within theEurazeoGrowthdivision, our Grouphas become anundisputed “tech” partner in France andEurope. This crucial market offers promising opportunities for Eurazeo for two reasons. Firstly, because it is booming – the number of unicorns (start-ups valued at over US$1 billion) in Europe has increased

fifteenfold in 10 years- generating considerable financing requirements and multiple opportunities for investors. Secondly, because the arrival of Idinvest, which boasts over 20 years’ experience in the digital sector, has given Eurazeo access to a vast technological and entrepreneurial ecosystem. It is this vector that will help our portfolio companies innovate and develop 1

EURAZEO, A GROWTH CAPITAL LEADER

In 2018, the Group accompanied the greatest successes of the French Tech: it contributed to the three largest fundraisings in the market and supports or has supported 4 of the 7 French unicorns*: Deezer, Criteo, Talend and Doctolib.

To find out more on the digital sector: www.eurazeo.com (2018 Annual Review + video of the Shareholders’ Meeting)

2 Corporate Social Responsibility (CSR), an impact booster The EurazeoGroup is a pioneer, placingCSR at the core of its investor business. models, which is instrumental in increasing their exit value.

has a positive impact on the economy by placing the activity of companies on a sustainable path, as illustrated by our 2018 CSR footprint 1

This unique investment model does not only generate performance and added value for Eurazeo: the Group also

Investment choices focus on responsible companies which do not present any major risks that could hinder their growth and have adequate transformation levers to act. During the investment period, we offer companies CSR programs to encourage them to improve in all areas (processes, management, products, etc.). This leads to greater confidence arising from the quality of company business

A RESPONSIBILITY RECOGNIZED BY RATING AGENCIES

Vigeo Eiris ranked Eurazeo in the top 20most advanced French companies for CSR and in the world’s top five financial sector companies.

To find out more about CSR: www.eurazeo.co m (2018 Annual Review)

Eurazeo