FFP_REGISTRATION_DOCUMENT_2017

GROUP PRESENTATION

Employee-related, environmental and social information

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Louis Dreyfus Armateurs Protecting the environment is a major objective of Louis Dreyfus Armateurs (LDA). Environmental risks at sea (pollution by hydrocarbons, toxic materials, waste and air pollution) and regulatory prevention measures applicable to vessels are set out in the MARPOL convention. LDA complies strictly with this international convention for the prevention of pollution from ships, and has developed emergency procedures for each of these risks. The company is also a signatory to the Charte Bleue, a charter that requires French shipowners to make protecting the environment and the seas a central part of their business and to ensure the safety and wellbeing of crew. Business ethics The group is currently finalising a code of conduct, which should be complete in the first half of 2018. The aim is to adapt the provisions of the Sapin II act to LDA’s industrial environment and to practices in the shipping industry. Final discussions are underway with ADIT (Agence pour la Diffusion de l’Information Technologique) and AFA (Agence Française Anti-corruption). 2017 HIGHLIGHTS

Internal audits All vessels have undergone an external audit – i.e. an International Safety Management audit by the country where the vessel is registered or by the country of the port during a call – or an internal audit by the QHSE (quality, health, safety and environment) department. In addition, the following head-office departments have been audited, and each of them is audited at least once every two years: O New Ships; O Crew Department; O Technical Department (ship maintenance); O IT Department; O HR Department; O General Resources; O QHSE (audited by Bureau Veritas and France’s Department of Maritime Affairs). Accident rates in 2017

Accident frequency rate: 3.84 (3.28 in 2016). Accident severity rate: 1.44 (0.47 in 2016).

The significant increase in the accident frequency rate in 2017 was due to adverse developments on a roll-on roll-off ship. That ship was subject to an enhanced audit and regular checks in order to reduce the accident frequency rate. Accidents on this ship were concentrated in early 2017 and started to decrease in the second quarter.

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FFP

2017 REGISTRATION DOCUMENT