MRM - 2019 Universal Registration Document

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General information on the issuer and its share capital Management report for the financial year ended 31 December 2019

• retain shares for subsequent payment or exchange purposes in the event of acquisitions; • ensure the hedging of stock option plans and/or free 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 the regulations in force; • cancel all or part of the shares that would be acquired, in accordance with the authorisation granted on 29 May 2019 by the General Meeting in its thirteenth extraordinary resolution. These objectives are presented without prejudice to the effective order of use of the authorisation to buy back shares, which would be dependent on needs and opportunities. In the 2019 financial year, the Company bought 28,665 treasury shares at an average price of €1.39 per share (representing a total investment of €39,920 in 2019) and sold 62,978 treasury shares at an average price of €1.43 per share under the liquidity agreement in order to stimulate the trading/liquidity of its shares under its share buyback programme. There were no reallocations during the year. Trading costs amounted to €0.

The Company thus held 36,195 treasury shares as of 31 December 2019, representing 0.08% of its share capital at a nominal value of €36,195. These securities are entered as Company assets in its corporate financial statements, and deducted from equity in the consolidated financial statements. The General Meeting of Shareholders called to approve the financial statements for the financial year ended 31 December 2019 will be asked to renew this authorisation to buy back shares. In accordance with Article L.225-102 of the French Commercial Code, we inform you that: • no employee held any interest in the Company’s share capital at the last day of the 2019 financial year; • no shares were bought back by the Company to award them to employees as part of profit-sharing schemes and incentives to grow the Company. In accordance with Articles L.225-184 and L.225-197-4 par. 1 of the French Commercial Code, we inform you that: • the Company has no stock option plans; • a free share allocation plan was set up in the 2019 financial year for employees of the Company. 3.3 Employee share ownership

Below are details of the free share allocation plan:

2019-1 Plan

General Meeting date Board meeting date

29 May 2019 29 May 2019

32,243

Total number of shares awarded of which to corporate officers

0

Vesting date

29 May 2022 29 May 2022

Lockup period end date Performance conditions

N/A (1)

Number of shares vested at 31 December 2019 Aggregate number of cancelled or lapsed shares Performance shares remaining at 31 December 2019

0

248

31,995

(1) Subject to attendance.

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M.R.M. 2019 UNIVERSAL REGISTRATION DOCUMENT