RUBIS - 2019 Universal Registration Document

3 RISK FACTORS, INTERNAL CONTROL AND INSURANCE -

THE GROUP’S OPERATIONS ARE SPLIT INTO 3 DIVISIONS: DISTRIBUTION OF PETROLEUM PRODUCTS, SUPPORT AND SERVICES (REFINING, TRADING - SUPPLY AND SHIPPING), AND THE PROVISION OF BULK LIQUID STORAGE CAPACITY (PETROLEUM PRODUCTS, CHEMICAL PRODUCTS, FERTILIZERS AND AGRIFOOD PRODUCTS) FOR THIRD PARTIES. THE DIVERSITY OF ITS ACTIVITIES AND THE TYPES OF PRODUCTS HANDLED EXPOSE THE GROUP TO RISKS THAT ARE REGULARLY IDENTIFIED, UPDATED AND MONITORED STRICTLY WITH A VIEW TO MINIMIZING THEM, IN ACCORDANCE WITH APPLICABLE REGULATIONS, INTERNATIONAL STANDARDS AND THE BEST PROFESSIONAL PRACTICES. RUBIS HAS IDENTIFIED 12 MATERIAL AND SPECIFIC RISK FACTORS RELATING TO ITS ACTIVITIES (OTHER THAN THE RISKS RELATING TO COVID-19, WHICH ARE SUBJECT TO SPECIFIC MONITORING), BROKEN DOWN INTO 4 CATEGORIES (SECTION 3.1) . FOR MANY YEARS, THE GROUP HAS ALSO HAD INTERNAL CONTROL PROCEDURES (SECTION 3.2 ) CONTRIBUTING TO THE CONTROL OF ITS ACTIVITIES AND THE EFFECTIVENESS OF ITS RISK MANAGEMENT POLICY. LASTLY, FOR RISKS THAT CANNOT BE FULLY CONTROLLED OR ELIMINATED, THE GROUP ENSURES, WHEN THEY ARE INSURABLE, THAT THEY ARE COVERED BY ADEQUATE INSURANCE POLICIES (SECTION 3.3) .

58 i Rubis 2019 Universal Registration Document