GROUPAMA / 2018 Registration document

EARNINGS AND FINANCIAL POSITION MANAGEMENT REPORT OF THE BOARD OF DIRECTORS

Partnerships (b) On 9 February 2018, Groupama, the leading insurer of farmers, became one of the main partners of La Ferme Digitale, an associationof start-ups aiming to promote innovationand digital to serve agriculture. With this partnership, Groupama continues to support the agriculture of today and tomorrow and takes a new step in its support for the thriving market of new technologies serving agriculture. In March 2018, the Groupama group partnered with the fintech Sapiendo-Retraite, a recognised retirement expert in France, to enrich its digitalretirement services offering. In November 2018, Groupama and the Association des Petites Villes de France (APVF) formalised their partnership. Groupama’s ambition is to supportingmayors and their municipalitiesas closely as possible for everyday management but also during times of crisis. In particular, Groupama has developed a website “Territoires-Groupama.fr” to put information and advice online, including on prevention. At the end of December 2018,Orange and Groupama signed an agreement to create a joint venture called Protectline operating in the remote property monitoring sector. This company is 51% owned by Orange and 49% by Groupama. This partnership will enable Groupama to strengthen its existing activity in this sector and Orange to become a full player in this market, taking a new step in its multi-serviceoperator strategy.

Property (c) In October 2018, Groupama sold Window, the iconic La Défense building, to Oxford Properties group for €477 million.This sale is a very strong signal of La Défense’s attractiveness and allows Groupama to remain a major player and committed to the transformation of Europe’snumber 1business district. On 13 December 2018, a memorandumof understanding for the sale of the 79 avenue des Champs Elysées building was signed between Groupama and the Norwegian sovereign wealth fund Norges Bank. The closing should take place by the end of 2019. The property is presented as an available-for-sale asset in the Group’s accounts. Socially responsible investment strategy (d) At the beginning of December 2018, the Groupama group reaffirmed its desire to support the ecologicaland energy transition to a less carbon-basedeconomy. The Group no longer invests in and is graduallywithdrawingfrom any companywhose turnover or energy production mix is more than 30% based on coal. With regard to fossil fuels, the Group is committed to not investing in any company whose oil sands account for more than 15% of total reserves. In addition, the Group intends to invest €1 billion over three years in financing the energy transition.Through these strong commitments, which go beyond the regulatory obligations, Groupama reaffirms the timeless values that have defined its identity for more than 100 years – responsibility, solidarity, and engagement – and is part of the approach to allow as many people as possible to buildtheir lives confidently.

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6.1.3

POST-BALANCE SHEET EVENTS

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REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES