Altamir - Registration Document 2016

FINANCIAL STATEMENTS

Consolidated financial statements

NOTE 12 Shareholders’ equity

The number of shares outstanding for each of the categories is presented below:

31 December 2016

31 December 2015

Ordinary Shares Class B shares

Ordinary Shares Class B shares

(number of shares)

Shares outstanding at start of year Shares outstanding at end of year

36,512,301 36,512,301

18,582 18,582 12,164

36,512,301 36,512,301

18,582 18,582 12,164

Shares held in treasury

16,632

34,211

Shares outstanding at end of year

36,474,616

6,418

36,478,090

6,418

NAV PER ORDINARY SHARE (CONS. SHAREHOLDERS’ EQUITY/ORDINARY SHARES)

21.65

18.62

31 December 2016

31 December 2015

Ordinary Shares

Class B shares

Ordinary Shares

Class B shares

Total

Total

(euros)

Par value at end of year

6.00

10.00

6.00

10.00

SHARE CAPITAL

219,073,806

185,820 219,259,626 219,073,806

185,820 219,259,626

3

The dividend paid to the limited shareholders in 2016 for the financial year 2015 was €0.56 per ordinary share outstanding (excluding treasury shares). The NAV per ordinary share (excluding treasury shares) was €21.65 at 31 December 2016 (€18.62 per share at 31 December 2015).

NOTE 13 Amount attributable to general partner and Class B shareholders

This item broke down as follows:

31/12/2016 44,010,653

31/12/2015 39,139,995

(in euros)

Amount attributable to general partner and Class B shareholders

Class B warrants

-

3,724

TOTAL AMOUNT ATTRIBUTABLE TO GENERAL PARTNER AND CLASS B SHAREHOLDERS

44,010,653

39,143,719

The Class B warrants expired on 29 November 2016. The change in the amount attributable to the general partner and Class B shareholders during the year is detailed below:

2016

2015

(in euros)

At opening

39,139,995 -5,801,751 10,672,409 44,010,653

28,846,408 -11,104,891 21,398,478 39,139,995

Amount paid during the financial year

Amount attributable to general partner and Class B shareholders on 2016 earnings AMOUNT ATTRIBUTABLE TO GENERAL PARTNER AND CLASS B SHAREHOLDERS

NOTE 14 Amount attributable to Apax France VIII-B/France IX-B/Apax VIII LP Class C unitholders

This item relates to unrealised capital gains owing to Class C unitholders of Apax France VIII-B, Apax VIII LP and Apax France IX-B of €26.5m, €4.9m and €2.6m, respectively, based on these funds’ performance. These liabilities are due in more than one year.

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REGISTRATION DOCUMENT 1 ALTAMIR 2016