MRM - 2018 Registration document

4

Corporate governance

Corporate governance report

The loan was thus extended until 15 January 2019 and the autonomous first-demand guarantee granted by M.R.M. SA to SCOR SE was extended for a period ending one month after the maturity date of the extended loan, i.e. until 15 February 2019. With the exception of the margin, which went from 180 to 280 basis points from 15 January 2018, the financial terms of the loan and the related guarantees and collateral were renewed in an identical manner. Because the sale of the Nova building, the proceeds of which were to be used to pay SCOR SE the amounts due under the loan, was postponed to 2018, the Board of directors on 7 December 2017 decided that it was in the Company’s interest that the amounts owed to SCOR SE should be paid by SCI Noratlas using the sale proceeds of the Nova building rather than consider setting up a new bank refinancing.

On 15 May 2018, the Nova building was sold and the intra- group loan granted by SCOR SE was repaid, thus bringing these commitments to an end. 1.18.2 Agreement to be submitted for approval to the next General Meeting None. 1.18.3 Agreements and commitments approved after 31 December 2018 None. Pursuant to applicable laws and regulations, we provide you with the Statutory Auditors’special report on the agreements falling within the scope of Articles L.225-38 et seq . of the French Commercial Code.

140

M.R.M. 2018 REGISTRATION DOCUMENT