Saint Gobain - Registration document 2016

9 FINANCIAL AND ACCOUNTING INFORMATION

3. Compagnie de Saint-Gobain annual financial statements (parent company)

NOTE 17

OFF-BALANCE SHEET COMMITMENTS

Off-balance sheet commitments given on behalf of consolidated companies

of consolidated companies Off-balance sheet commitments given on behalf Schenker Winkler Holding AG (1) Commitment related to the project of acquisition of Guarantee issued in connection with the planned its completion lease of the new Saint-Gobain headquarter following Guarantee given on behalf of Saint-Gobain Isover (electricity purchases) 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 who have received performance units Commitment given to employees of the Company interest groupings (GIE) Commitments towards other members of economic

2016 amount (in EUR thousand)

(in EUR thousand) 2015 amount

Date

Counterparty

AG shareholders Schenker Winkler Holding

2017

2,397,984

2,383,009

04/06/2020

SCI Iris La Défense

77,507

25,836

12/31/2025

Exeltium

22,270

25,410

indefinite

Tax authorities

10,466

10,466

multiple

multiple

5,640

2,416

multiple

multiple

3,282

1,883

indefinite

GIE counterparts

3,752

4,060

Rent guarantee (Les Miroirs headquarters building)

06/30/2023

Miroirs A & B

3,000

3,000

foundation Commitment towards the Saint-Gobain Initiatives Commitment to employees of the German companies in the Group (early retirement plan)

multiple SG Initiatives counterparts

2,000

06/30/2017

Sparkasse Aachen

1,250

1,597

Other commitments given

multiple

multiple

86

96

2016, 16.97% of the share capital and 52.92% of the voting rights of the company SIKA. On December 22, 2014, Compagnie de Saint-Gobain signed an agreement to On December 5, 2014, Compagnie de Saint-Gobain signed an agreement to purchase the company Schenker-Winkler Holding AG, which holds, as of December 31, (1) which amounts to 2.83 billion Swiss francs, fully hedged for an equivalent amount of €2.40 billion, is guaranteed by Compagnie de Saint-Gobain. extended to June 30, 2017. As of this date, Saint-Gobain will have the option to extend the agreement until December 31, 2018. The payment of the purchase price, transfer to its direct subsidiary SPAFI the benefits and obligations of the agreement mentioned above. In March 2016, the terms of the purchase agreement were property developer. Within the frame of the off-plan lease, Compagnie de Saint-Gobain benefits jointly with SCI Iris La Defense from a full completion bank guarantee given by the (2)

Financing-related off-balance sheet commitments

commitments given Financing-related off-balance sheet

2016 amount (in EUR thousand)

2015 amount (in EUR thousand)

Date

Counterparty

Liquidity agreement guarantee

January 2017

Exane

219

601

Euro equivalent of forward currency sale contracts

multiple

multiple

1,398,837

1,352,725

Euro equivalent of forward currencies payable under currency swaps

multiple

multiple

6,331,401

7,393,640

Equity swaps acquired as hedges of performance units

multiple

multiple

707

Financing-related off-balance sheet commitments received

(in EUR thousand) 2016 amount

(in EUR thousand) 2015 amount

Date

Counterparty

Liquidity agreement guarantee

January 2017

Exane

219

601

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

multiple

multiple

1,398,593

1,352,352

multiple

multiple

6,356,447

7,388,543

2013/2020 undrawn line of credit

12/17/2020

multiple

2,539,000

2,539,000

2012/2018 undrawn line of credit

12/07/2018

multiple

1,461,000

1,461,000

9

Equity swaps acquired as hedges of performance units

multiple

multiple

12,602

7,068

283

SAINT-GOBAIN - REGISTRATION DOCUMENT 2016