MRM_REGISTRATION_DOCUMENT_2017

3

General information on the issuer and its share capital

Consolidated financial statements for the year ended 31 December 2017

Note 9

Financing commitments and guarantees

9.1 Commitments given

Commitments given primarily comprise:

31/12/2017

(in thousands of euros)

Debts guaranteed by collateral (principal and related) (1)

105,988

Guarantees and sureties

-

(1) Face value of borrowings.

Certain bank accounts of subsidiaries have been pledged to financial institutions.

9.2 Commitments received Commitments received essentially comprise tenant guarantees amounting to a total of €2,209 thousand.

Note 10

Employee remuneration and benefits

10.1 Workforce and payroll expenses In 2017, as in 2016, the average number of employees was four. Payroll expenses including social security charges (and including the remuneration paid to the Chief Executive Officer

in his capacity as a corporate officer) came to €1,037 thousand in 2017, compared with €857 thousand in 2016. Information on the remuneration of corporate officers is given in section 4 of the 2017 Registration Document. There were no significant changes during the period.

10.2 Employee benefits

Accounting principles IAS 19 requires that any current or future benefits or remuneration granted to employees or a third party be recognised over the vesting period.

As of 31 December 2017, M.R.M., which has only four salaried employees, considered that pension liabilities in respect of defined benefit plans were not significant and therefore did not value its liability in this respect.

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M.R.M. 2017 REGISTRATION DOCUMENT