RUBIS - 2019 Universal Registration Document

MESSAGE FROM MANAGEMENT

WE ARE ATTENTIVE TO OPPORTUNITIES CLOSELY ALIGNED WITH CLIMATE OBJECTIVES, WHILE ENSURING LASTING AND SUSTAINABLE GROWTH OVER THE LONG TERM.

A specific focus was made during the year to assess our carbon footprint more precisely, to control it better and to identify solutions adapted to the particularities of each of our markets. Moreover, a team dedicated to new energies has been formed to promote the development of projects and assess future investments in this area.

● developing our offer of biofuels and synthetic fuels.

2020 started with a serious health crisis related to the Covid-19 pandemic. We are following its development in the countries in which we operate very closely, with the health and safety of our employees, service providers and customers as our priority. Our teams are mobilized to ensure that our essential energy supply activities continue, which are crucial for the proper functioning of countries, while complying with instructions given by the authorities. Despite the drop in activity, all Group employees continue to receive their full pay. Management has currently decided not to make use of the special temporary layoff scheme, so that national solidarity can go to the companies that need it most. The Group is also supporting the efforts made in its various countries of operation by setting up new social initiatives at various levels – subsidiaries, Rubis Mécénat and Group level – in particular to support hospitals and research centers. With low levels of debt and benefiting from secured financing, Rubis is in a strong position to face this unprecedented crisis.

The Group is also involved alongside our subsidiaries’ employees in a wide array of local community initiatives in the fields of health and education, with a particular focus

on helping young people from disadvantaged backgrounds.

Today, we are perfectly placed to pursue our development and generate profitability, growth and confidence over the long term by ensuring the sustainability of our activities. With that in mind, we remain very attached to our policy of long-term dividend growth. Aware that success is invariably collective, we would like to thank all of our employees for their great commitment and their unwavering attachment to the values of the Rubis Group, as well as our shareholders and partners for their loyalty.

In the immediate future, our priority is to continue our

commitment and our work to rein in our carbon footprint, notably by:

● regularly improving the energy efficiency of our industrial facilities; ● helping our customers reduce their energy consumption and raising awareness among the populations of the countries where the Group operates about the use of transitional energies such as LPG;

Gilles Gobin and Jacques Riou Managing General Partners

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Rubis 2019 Universal Registration Document