TECHNICOLOR_REGISTRATION_DOCUMENT_2017

- 6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

Borrowings 8.3. The Group’s debt consists primarily of Term Loan Debt in U.S. dollars and in euros, issued by Technicolor SA in December 2016 and March 2017 and maturing in 2023 and a loan from the European Investment Bank (“EIB”) issued by Technicolor SA in January 2017.

The proceeds from the term loans issued in March 2017 in the amounts of €275 million and $300 million were used to fully prepay the remaining Old Term Loan Debt issued by Tech Finance & Co. S.C.A in 2013, 2014 and 2015 and maturing in 2020.

Analysis by nature 8.3.1.

2017 1,058

2016 1,022

(in million euros)

Debt due to financial institutions

Bank overdrafts

-

-

Other financial debt

35

22

Accrued interest

4

6

DEBT UNDER IFRS

1,097

1,050

Total non-current

1,077

998

Total current

20

52

Summary of debt 8.3.2. Details of the Group’s debt as of December 31, 2017 are given in the table below:

IFRS Amount (see note 8.3.3.4)

Nominal Amount

Nominal rate

Effective rate (1) Repayment Type Final maturity

Currency

Type of rate

(in million currency) Term Loan Debt Term Loan Debt Term Loan Debt

USD 249

248 273 447

Floating (2) Floating (3) Floating (4) Fixed rate

4.23% 3.00% 3.50%

4.35% 3.11% 3.63%

Amortizing December 2023

EUR EUR EUR

275 450

Bullet Bullet Bullet

December 2023 December 2023

EIB Loan

90

90

2.54% 2.54% 3.46% 3.57% 3.25% 3.25% 3.45% 3.56%

January 2023

Total

EUR 1,064

1,058

- -

- -

- -

Other Debt (5)

EUR

39

39

TOTAL

EUR 1,103 1,097

Rates as of December 31, 2017.- (1) 3 month LIBOR with a floor of 0% +275bp. (2) 3 month EURIBOR with a floor of 0% +300bp. (3) 3 month EURIBOR with a floor of 0% +350bp. (4) Of which €4 million is accrued interest. (5)

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TECHNICOLOR

REGISTRATION DOCUMENT 2017