MRM - 2018 Registration document

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General information on the issuer and its capital

Annual financial statements for the year ended 31 December 2018

Appendix

The statement of financial position for the year ended 31 December 2018, covering a period of twelve months like the previous year, presents a total, before appropriation of income, of €92,047,374 and a loss of €1,845,074.

The maximum number of shares that could be purchased by the Company is capped at 10% of the share capital, adjusted for any potential capital increases or reductions that may take place during the term of the share buyback programme. These share purchases may be made by any means, including via the purchase of blocks of securities, whenever the Board of directors deems it appropriate. The maximum unit price is fixed at €3 per share. In the event of any transactions in the share capital, in particular stock splits, reverse splits and bonus share allocations, the number of purchasable shares indicated above would be adjusted accordingly by applying a multiplying factor equal to the ratio between the number of shares comprising the share capital prior to the transaction, and the number after the transaction. The maximum amount that can be invested in the share buyback programme is capped at €13,100,344. As of 31 December 2018, the Company held 70,508 treasury shares. In 2018, 44,681 securities were purchased under the liquidity agreements entrusted to Invest Securities at an average price of €1.52 per share and 9,185 shares were sold at an average price of €1.58 per share. Accounting policies and methods (French Commercial Code - Article R.123-196-1 & 2; PCG (French GAAP) Article 531–1/1) The financial statements are prepared in accordance with Articles L.123-12 to L.123-28 of the French Commercial Code, the ANC Regulation on the Plan Comptable Général (French GAAP), and the regulations of the Comité de la Réglementation Comptable (CRC): General accounting conventions were applied in accordance with the principle of prudence and the following basic assumptions: • consistency of accounting methods; • matching principle; • going concern. The recommendations set out in the Professional Guide for companies in the sector have been observed. The financial year covers a period of twelve months from 1 January to 31 December 2018. Accounting items are measured using the historical cost method. The notes or tables provided below form an integral part of the annual financial statements.

Highlights of the year (French Commercial Code – Article R.123-196-3)

Implementation of a share buyback programme On 31 May 2018, the Board of directors decided to implement the share buyback programme decided by the General Meeting of Shareholders of 31 May 2018 in its ninth resolution for an

18-month period starting from 1 June 2018. The purpose of the buyback programme is to:

• stimulate the trading of M.R.M. securities on the secondary market, or the liquidity of M.R.M. shares via a liquidity contract concluded with an investment services provider in accordance with the ethics charter of the AMAFI (French association of financial markets) recognised by regulations in force, bearing in mind that the number of shares taken into account for the aforementioned calculation corresponds to the number of shares acquired minus the amount sold; • retain shares for subsequent payment or exchange purposes in the event of acquisitions; • ensure the hedging of stock option plans and/or bonus share plans (or similar) reserved for employees and/or corporate officers of the Group, as well as any share allocations under company or group savings plans (or similar plan), employee profit-sharing and/or any other form of allocation of shares to employees and/or corporate officers of the Group; • ensure the hedging of securities giving access to the Company’s shares in accordance with regulations in force; • cancel all or part of the shares that would be acquired, in accordance with the authorisation granted on 1 June 2017 by the General Meeting in its seventeenth extraordinary resolution. The above goals are presented without prejudice to the actual order in which the authorisation to buy back shares is used, something that would be dependent on needs and opportunities.

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M.R.M. 2018 REGISTRATION DOCUMENT