MRM - 2020 Universal Registration Document

3

General information on the issuer and its share capital Management report for the financial year ended 31 December 2020

2.3 Appropriation of income

Current liabilities payable at under one year totalled €9,861 thousand as of 31 December 2020 compared with €11,092 thousand as of 31 December 2019. This amount was mainly composed of contractual repayments related to bank loans in 2021 for a total of €2,300 thousand, as well as trade payable for goods and services and non-current assets for €4,518 thousand and other debts and adjustment accounts for €2,302 thousand. In accordance with Articles L.225-100 and L.233-16 of the French Commercial Code, we hereby ask you to approve the consolidated financial statements provided in Appendix 4 of this report.

We propose to appropriate the loss of €(11,465,128) for the financial year ended 31 December 2020 as follows: • Origin: Net income for the year: €(11,465,128). • Appropriation: Retained earnings: €(11,465,128). Retained earnings would thus go from €(9,270,646) to €(20,735,774).

2.4 Reminder of dividends and other distributions

In accordance with Article 243 bis of the French General Tax Code, the following monies were paid out over the previous three financial years:

Income eligible for tax allowance (1)

Income not eligible for tax allowance (1)

Year (in euros)

Dividends

Other distribution

Dividends

Other distribution

2017 2018 2019

- - -

- - -

- - -

4,798,399 4,796,090

-

(1) Allowance provided for under Article 158-3-2 of the French General Tax Code.

Note that the amounts shown in the table above do not include the unpaid dividend corresponding to the treasury shares.

2.5 Non-tax deductible expenses Pursuant to Article 223 quater of the French General Tax Code, we inform you that the amount of expenses and charges referred to in Article 39.4 of said code amounted to €1,153 in 2020 and that the amount of tax payable by the Company due to the non-deductibility of these expenses is estimated at €0.

None of the expenses described in Article 39, paragraph 5, of the French General Tax Code are subject to tax reintegration for the 2020 financial year.

M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT

59