RUBIS_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS 9 2017 separate financial statements, notes and other information

July 2017 equity line agreement with Crédit Agricole CIB and Société Générale In July 2017, the Group signed an equity line agreement with Crédit Agricole CIB and Société Générale for a period of 40 months, capped at 4,400,000 shares. This agreement did not give rise to the issue of any new shares in 2017.

The terms of the stock option and free share plans underway as of December 31, 2017 are shown in the tables below.

STOCK OPTIONS AS OF DECEMBER 31, 2017:

Outstanding as of 12/31/2016

Rights issued

Rights exercised (185,751) (185,751)

Rights canceled

Outstanding as of 12/31/2017

Date of the Board of Management meeting

July 9, 2012

185,833 185,833

(82) (82)

TOTAL

Outstanding options

Options eligible for exercise

Number of options

Expiration date

Exercise price (in euros)

Date of the Board of Management meeting

July 9, 2012

7/8/2017

36.48

TOTAL

BONUS SHARES Date of the Board of Management meeting

Rights exercised after 2-for-1 share split

Rights adjusted following 2-for-1 share split

Rights exercised before 2-for-1 share split

Outstanding before 2-for-1 share split

Rights issued

Rights canceled

Outstanding as of 12/31/2016

Outstanding as of 12/31/2017

July 9, 2012

3,093 5,101

(3,093) (5,101)

January 3, 2014 March 31, 2014

751

(751)

August 18, 2014

56,558

56,558

56,558

(104,368)

8,748

April 17, 2015

8,811

8,811

8,811

17,622 26,370

TOTAL

74,314

(8,945)

65,369

65,369

(104,368)

The vesting period for beneficiaries’ free shares is a minimum of 3 years from the date on which they are granted by the Board of Management. The conditions for granting free shares are set by the Board of Management.

PREFERRED SHARES Date of the Board of Management meeting

Rights adjusted following 2-for-1 share split

Of which preferred shares acquired but not yet converted into ordinary shares

Outstanding before 2-for-1 share split

Rights exercised

Rights canceled

Outstanding as of 12/31/2016

Rights issued

Outstanding as of 12/31/2017

September 2, 2015

1,442 1,932

1,442 1,932

1,442 1,932

2,884 3,864 1,932

2,740

July 11, 2016 March 13, 2017 July 19, 2017

966 374

966 374

966

374

TOTAL

3,374

1,340

4,714

4,340

9,054

2,740

Preferred shares will be converted into ordinary shares at the end of a retention or vesting period based on the extent to which the performance conditions have been achieved. 3.6 EXPENSES PAYABLE Accrued expenses totaled €2,750 thousand, breaking down as €174 thousand relating to suppliers, €226 thousand to accrued

interest, €1,220 thousand to tax and social security liabilities and €1,130 thousand to Top Management’s variable compensation. These expenses payable are operating expenses and financial expenses. All the liabilities recognized on the balance sheet are due in less than one year. As in 2016, trade payables recognized on the balance sheet, in a total amount of €222 thousand, all mature in less than 3 months.

3.7 ITEMS CONCERNING RELATED COMPANIES

12/31/2017

(in thousands of euros)

Receivables

202,893

Liabilities

2,258

2017 Registration Document I RUBIS

Income from investments

135,011

Net financial income

532

239