SAINT_GOBAIN_REGISTRATION_DOCUMENT_2017

Financial and accounting information Compagnie de Saint-Gobain 2017 annual financial statements (parent company)

NOTE 17

OFF-BALANCE SHEET COMMITMENTS

Off-balance sheet commitments given on behalf of consolidated companies. Off-balance sheet commitments given on behalf of consolidated companies Date Counterparty 2017 amount (in EUR thousand) 2016 amount (in EUR thousand) Commitment related to the project of acquisition of Schenker Winkler Holding AGɸ (1) 2018 Schenker Winkler Holding AG shareholders 2,368,622 2,397,984 Guarantee issued in connection with the planned lease of the new Saint-Gobain headquarter following its completionɸ(2) 04/06/2020 SCI Iris La Défense 77,507 77,507 Guarantee given on behalf of Saint-Gobain Isover (electricity purchases) 12/31/2025 Exeltium 19,900 22,270

Guarantee issued in connection with disputes between members of the tax group and the French tax authorities Guarantee given to French companies whose employees have received performance units

Indefinite

Tax authorities

10,466

10,466

Multiple

Multiple

7,865

5,640

Commitments towards other members of Economic Interest Groupings (GIE)

Indefinite

GIE counterparts

5,020

3,752

Commitment given to employees of the Company who have received performance units Rent guarantee (Les Miroirs headquarters building) Commitment towards the Saint-Gobain Initiatives foundation Commitment to employees of the German companies in the Group (early retirement plan)

Multiple

Multiple

4,234 3,000 1,000

3,282 3,000 2,000

06/30/2023

Miroirs A & B

Multiple

SG Initiatives counterparts

05/31/2022

Sparkasse Aachen

1,478

1,250

Other commitments given 86 On Decemberɸ5, 2014, Compagnie de Saint-Gobain signed an agreement to purchase the company Schenker-Winkler Holding AG, which holds, as of Decemberɸ31, 2017, 16.97% of the share (1) capital and 52.92% of the voting rights of the company SIKA. On Decemberɸ22, 2014, Compagnie de Saint-Gobain signed an agreement to transfer to its direct subsidiary SPAFI the benefits and obligations of the agreement mentioned above. The term of the purchase agreement has been extended several times, with the most recent extension in Octoberɸ2017, taking its term to Juneɸ30, 2018. As of this date, Saint-Gobain will once again have the option to extend the term of the agreement until Decemberɸ31, 2018. The payment of the purchase price, which amounts to 2.83ɸbillion Swiss francs, fully hedged for an equivalent amount of €2.37ɸbillion, is guaranteed by Compagnie de Saint-Gobain. Within the frame of the off-plan lease, Compagnie de Saint-Gobain benefits jointly with SCI Iris La Défense from a full completion bank guarantee given by the property developer. (2) Multiple Multiple 86

Financing-related off-balance sheet commitments

2017 amount (in EUR thousand)

2016 amount (in EUR thousand)

Financing-related off-balance sheet commitments given

Date

Counterparty

Liquidity agreement guarantee

Januaryɸ2018

Exane

393

219

Euro equivalent of forward currency sale contracts

Multiple Multiple

Multiple Multiple

11,163,895 6,330,508

1,398,837 6,331,401

Euro equivalent of forward currencies payable under currency swaps

2017 amount (in EUR thousand)

2016 amount (in EUR thousand)

Financing-related off-balance sheet commitments received

Date

Counterparty

9

Liquidity agreement guarantee

Januaryɸ2018

Exane

233

219

Euro equivalent of forward foreign currency purchase contracts Euro equivalent of foreign currencies receivable under currency swaps

Multiple Multiple

Multiple Multiple Multiple Multiple Multiple

11,163,413 6,364,366 2,480,000 1,520,000

1,398,593 6,356,447 2,539,000 1,461,000

2013/ 2022 undrawn line of credit 2017/ 2022 undrawn line of credit

12/20/2022 12/20/2022

Equity swaps acquired as hedges of performance units

Multiple

14,480

12,602

299 SAINT-GOBAIN - REGISTRATION DOCUMENT 2017