FFP_REGISTRATION_DOCUMENT_2017

ORDINARY AND EXTRAORDINARY GENERAL MEETINGOF 17 MAY 2018

Statutory Auditors’ special reports

Statutory Auditors’ report on the reduction in capital

General Meeting of 17 May 2018

To the Shareholders, In our capacity as the Company’s Statutory Auditors and in accordance with the duty provided for in article L. 225-209 of the French Commercial Code in the event of a reduction in capital through the cancellation of repurchased shares, we hereby report to you on our assessment of the causes and the terms and conditions of the proposed reduction in capital. The Board of Directors requests full powers, for a period of 26 months with effect from the date of this General Meeting, to cancel the shares purchased pursuant to an authorisation allowing the Company to buy back its own shares in accordance with the provisions of the aforementioned article, in an amount not exceeding 10% of its total share capital per 24-month period. We have performed the procedures we deemed necessary to comply with the professional guidelines issued by the French national auditing body (Compagnie nationale des commissaires aux comptes) for this type of engagement. These procedures consisted in verifying that the causes and the terms and conditions of the proposed reduction in capital, which should not compromise the equal treatment of shareholders, are fair. We have no matters to report as to the causes and the terms and conditions of the proposed reduction in capital.

Signed in Courbevoie and Paris, 11 April 2018 The Statutory Auditors

Maza rs

SEC3

Virginie Chauvin

Philippe Spandonis

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FFP

2017 REGISTRATION DOCUMENT