ASSYSTEM_Registration_Document_2017

FINANCIAL STATEMENTS PARENT COMPANY FINANCIAL STATEMENTS

SIGNIFICANT EVENTS OF THE YEAR

NOTE 1

Transfer of control of the Global Production Solutions (GPS) business to an investment fund managed by the private equity firm Ardian On 28 September 2017, the Company transferred its GPS business to an entity controlled by the private equity firm Ardian, for €550 million, less €3 million corresponding to the free Assystem shares awarded to employees of the GPS division who retained their rights to these shares. When the shares vest, Assystem SA will re-bill the related expense to the employers of these former GPS employees. Consequently, the net sale price for the transfer of control of GPS came to €547 million. The capital gain recognised on this transaction by the Company amounted to €321.2 million, excluding reversals of provisions for shares in divested equity interests. At the same date, the Company invested €124.28 million in a 39.24% equity and quasi-equity interest in Assystem Technologies Groupe (ATG) – the parent of the new group comprising the entities formerly making up the GPS division – as part of an equity and quasi-equity financing round carried out by ATG. This investment corresponds to €62.14 million worth of ordinary shares (representing a 39.23% interest in ATG’s capital) and €62.14 million worth of convertible bonds maturing in 2027 and paying interest of 9%, capitalisable each year. ACQUISITIONS OF SHARES IN NEW SUBSIDIARIES On 3 February 2017, Assystem SA acquired the entire capital of Assystem Conseils (previously owned by HDL Development) for €3 thousand. On 28 June 2017, Assystem SA subscribed €2 for the entire capital of Assystem Energy and Infrastructure UK Ltd (AEIL). Subsequently on 29 August 2017, Assystem SA took up €5,514 thousand worth of shares in a capital increase carried out by AEIL. On 19 July 2017, Assystem SA injected €19 thousand into the capital of Assystem Technologies Belgium (ATB) and then on 8 September took up €346 thousand worth of shares issued as part of a capital increase carried out by ATB. Assystem SA subsequently sold its ATB shares on 28 September, at their cost price, in connection with the transfer of control of GPS. On 3 August 2017, Assystem SA injected €88 thousand into the capital of Assystem Technologies Switzerland (ATS) and then on 12 September took up €608 thousand worth of shares issued as part of a capital increase carried out by ATS. Assystem SA subsequently sold its ATS shares on 31 October, at their cost price, in connection with the transfer of control of GPS. On 28 September 2017, Assystem SA took up €62,140 thousand worth of shares (excluding transaction costs) by way of a share-for- share exchange in connection with a capital increase carried out by Assystem Technologies Groupe (ATG) – the parent company of the Changes in holdings in subsidiaries and affiliates

Assystem Technologies group, which was set up to take over the entities that previously made up the Assystem Group’s GPS division. Following this transaction, Assystem SA held 39.23% of ATG’s ordinary shares. On 1 December 2017, Assystem SA acquired a 72.70% interest in The Biotech Quality Group for €10,905 thousand. On 31 December 2017, Assystem SA purchased a 5% stake in Framatome, for €123,726 thousand. Framatome – which is 75.5% owned by EDF, 19.5% by Mitsubishi Heavy Industries Ltd and 5% by Assystem – is the company to which Areva NP transferred its assets and activities related to (i) the design and supply of nuclear reactor equipment, (ii) the design and supply of fuel assemblies and (iii) services provided to a large worldwide installed base of nuclear reactors. The acquisition agreement contains earn-out clauses and Assystem has the possibility of capping its investment at €140 million by way of a mechanism enabling it to resell Framatome shares, at their cost price, to Framatome’s major shareholder, EDF. ACQUISITIONS OF ADDITIONAL SHARES IN EXISTING SUBSIDIARIES On 24 February 2017 Assystem SA acquired, for €3,679 thousand, a further 60% interest in Plast Concept, raising its interest in this subsidiary to 100%. All of Plast Concept’s capital was transferred to Assystem Technologies on 28 September in connection with Assystem SA’s transfer of control of GPS (see below). On 28 April 2017, Assystem SA acquired 683,690 shares in MPH Global Services SAS (MPH GS) from its subsidiary AEOS, representing 15.14% of MPH GS’s capital, for €4,650 thousand. Following this transaction Assystem SA held all of the shares in MPH GS. Share buyback offer During 2017, Assystem bought back six million of its own shares (with a par value of €1 each), at a purchase price of €37.50 per share, representing an aggregate €225 million. This corresponded to 27% of the total number of shares making up Assystem’s capital and 28.35% of the Assystem shares outstanding (equal to the number of shares making up the capital less the number of shares held in treasury). All of the shares bought back under the offer, together with 550,000 shares already held in treasury, were cancelled on 21 December 2017 and the Company’s capital was therefore reduced to 15,668,216 shares with a par value of €1 each. Treasury shares At 31 December 2017, the fair value of Assystem’s treasury shares was calculated based on the average market price of Assystem’s shares for the last month of the year. As this average market price was higher than the average purchase price of the treasury shares, no provision for impairment was recognised against these shares at 31 December 2017.

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ASSYSTEM

REGISTRATION DOCUMENT 2017