MRM_REGISTRATION_DOCUMENT_2017

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General information on the issuer and its share capital

Corporate financial statements for the year ended 31 December 2017

Appendix

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 2017, the Company held 35,012 treasury shares. In 2017, 46,182 securities were purchased under the liquidity agreements entrusted to Invest Securities at an average price of €1.84 per share and 34,531 shares were sold at an average price of €1.86 per share. General services contract On the expiry in 2017 of the property asset management consultancy agreement between some M.R.M. subsidiaries and CBRE Global Investors, M.R.M. and its subsidiaries agreed to modify certain provisions of the general services contract binding them, mainly concerning asset management services provided by M.R.M. 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, ANC Regulation No. 2016-07 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. Accounting items are measured using the historical cost method. The notes or tables provided below form an integral part of the annual financial statements.

The statement of financial position for the year ended 31 December 2017, covering a period of twelve months like the previous year, presents a total, before appropriation of income, of €98,602,919 and a loss of €6,587,214.

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

Implementation of a share buyback programme On 1 June 2017, the Board of directors decided to implement the share buyback programme decided by the General Meeting of Shareholders of 1 June 2017 in its sixteenth resolution for

an 18-month period starting from 2 June 2017. 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 which would be acquired, in accordance with the authorisation granted, or to be granted, by an Extraordinary General Meeting of Shareholders. 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. 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.

M.R.M. 2017 REGISTRATION DOCUMENT

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