PSA_GROUP_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2017 Notes to the consolidated financial Statements at December 2017

Net Position of the manufacturing and sales companies in the main currencies (open positions at 31 December) The net position of the manufacturing and sales companies in the main foreign currencies is as follows:

31 December 2017 GBP JPY USD PLN CHF RUB CZK Other

Total

(in million euros)

Total assets Total liabilities

225

81

859 29 260 62 140 469

2,125 (445) 1,469

(84)

(39)

(38)

(7)

(3)

(23) (215)

(36)

Future transactions

1,775 (241)

30 5 388

13 (53) (448)

Exposure to fixed charge coverage commitments NET POSITION BEFORE HEDGING Derivative financial instruments NET POSITION AFTER HEDGING

-

-

-

-

-

-

-

-

-

1,916 (199)

851

27 645 52 (128)

(15)

3,149

(1,882)

197 (773) (30) (645)

(35)

67 (73)

(3,174)

34 (2)

78 (3)

-

17 (61)

(88)

(25)

31 December 2016

GBP JPY USD PLN CHF

RUB CZK Other

Total

(in million euros)

Total assets Total liabilities

233 (70)

50 534 19 284

50 117 (53) (193)

218 (15)

1,505 (370)

(12)

(7)

(19)

(1)

Future transactions

(34) (105)

89 (60)

289

13 (50)

(104)

38

Exposure to fixed charge coverage commitments NET POSITION BEFORE HEDGING Derivative financial instruments NET POSITION AFTER HEDGING

-

(55)

-

-

-

-

-

-

(55) 1,118

129 (122)

616 (60)

572

10 (126)

99

(148)

67 (588)

55 (572)

6

43 (112)

(1,249)

(19)

(55)

28 (5)

-

16 (83)

(13)

(131)

A 5% increase or decrease in the year-end exchange rate of the main currencies in which the manufacturing and sales companies had open balance sheet positions at 31 December 2017 (see table below) would have the following direct impact on income before tax and equity:

JPY/EUR PLN/EUR CNY/EUR USD/CAD CZK/EUR USD/DZD CNY/USD Other

(in million euros)

Hypothetical fluctuation against the euro

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0%

Impact on income before tax

-

1

- -

- -

3 3

3

- -

1

Impact on equity

5

3

-

-

The following table shows the net position of the manufacturing and sales companies in the main foreign currencies versus the other currencies:

31 December 2017

UAH/USD USD/CAD USD/BRL

USD/ARS USD/DZD CNY/USD

(in million euros)

Total assets Total liabilities

-

- - - - -

72

18

- - - - -

5

(11) (11)

(58)

(197) (179)

-

Net position before hedging Derivative financial instruments NET POSITION AFTER HEDGING

14

5

-

(19)

180

-

(11)

(5)

1

5

210

GROUPE PSA - 2017 REGISTRATION DOCUMENT