Assystem - 2015 Registration Document

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FINANCIAL STATEMENTS

PARENT COMPANY FINANCIAL STATEMENTS

The characteristics of the bonds constituting Assystem SA’s bond debt are set out below.

Characteristics of the Ornane bonds In July 2011, Assystem SA issued Ornane bonds (redeemable in cash and/or in new or existing shares), with a maturity date of 1 January 2017. The Group may opt for either of the following repayment procedures:

Share price less than or equal to bond nominal value

Share price higher than bond nominal value

Option 1 Redemption in new and/or existing shares

Face value and overperformance premium paid in new and/or existing shares Face value redeemed in cash and overperformance premium paid in new and/or existing shares

Option 2 Redemption in cash

The Ornane bonds are not subject to any bank covenants, and no collateral was given in connection with the financing.

Characteristics of the Odirnane bonds The Company’s Odirnane bonds (perpetual bonds redeemable in cash and/or in new or existing shares) are perpetual hybrid instruments, given that holders do not have a redemption option. The instruments are redeemable in the event that the Company is liquidated, in which case payment would include accrued coupons and any deferred coupons. Payment of the coupons is at Assystem’s discretion and may be deferred when Assystem does not approve a dividend payment. If coupons are not paid, they remain due and take the form of arrears on which interest is paid at the rate applied for the purpose of calculating the bond coupons. In July 2014 Assystem SA issued Odirnane bonds with a fixed coupon of 4.50% until 17 July 2021 and a floating-rate coupon as from 17 July 2021, corresponding to the 6-month Euribor plus a margin of 800 basis

points (step-up clause). In the event of a change of control of the Company or an event relating to the Company’s free float, the annual nominal rate will be stepped up by 500 basis points. Bondholders have the option to convert their bonds into shares. The issuer may, however, redeem the bonds in cash, and if the conversion value exceeds the nominal value, both in cash and treasury shares of a variable number, or in new and/or existing shares only, by applying the conversion ratio. In certain cases defined in the securities note dated 9 July 2014, Assystem may redeem the Odirnane bonds by buying them back for a pre-defined price (corresponding to their nominal value plus accrued coupons and any arrears). In addition, Assystem may at any time, buy back all or some of the outstanding bonds on the market from the bondholders, at a price to be agreed upon.

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ASSYSTEM

FINANCIAL REPORT 2015