Altamir - Registration Document 2016

INFORMATION ABOUT THE COMPANY AND ITS CAPITAL

Share capital

As a result, based on the example above, the maximum amount that can be paid by the Company to buy back its own shares is €7,302,460. The share purchases may be carried out by anymeans, including by acquiring blocks of shares and at times determined by the Management Company. The Management Company may not, without prior authorisation from shareholders, use this authorisation during a tender offer initiated by a third party involving the Company’s securities until the end of the tender offer period. The Company does not intend to use options or derivative instruments. This authorisation was granted for a period of 18 months. The buyback programme is funded using the Company’s existing cash resources. In accordancewithArticle 241-2 of theAMF’s General Regulation, the purpose of this description is to explain the objectives and termsandconditionsoftheCompany’ssharebuybackprogramme. Shareholders will be asked to approve this programme at their General Meetingon 28April 2017. Prior notificationwas published in France’s official gazette (“BALO”) on 24 March 2017. Breakdown of shares held by objective as of 28 February 2017 Number of shares helddirectly and indirectly: 26,194, representing less than 0.1% of the Company’s share capital. All of these shares are held for the purpose of ensuring active trading in theCompany’s shares via anAMAFI-compliant liquidity contract. DESCRIPTION OF THE SHARE BUYBACK PROGRAMME

As previously reported, Altamir appointed Oddo BHF to implement its liquidity contract on 2 November 2009.

NEW PROPOSED PROGRAMME

Shareholders will be asked to approve a new share buyback programme at theGeneral Meeting. Its features will be as follows: programme authorisation: General Meeting of 28 April 2017; securities included in the programme: ordinary shares; maximum percentage of capital that may be repurchased: 1% ( i.e. 365,123 shares as of this date), with the stipulation that this limit is calculated as of the date of the buybacks so that any increases or decreases in capital that might take place during the course of the programme will be taken into account. The number of shares used to calculate compliance with the limit is the number of shares purchased less the number of shares resold during the programme, for the purpose of maintaining liquidity; maximum purchase price: €20 per share; maximum amount of programme: €7,302,460; procedures: the share purchases may be carried out by any means, including by acquiring blocks of shares and at times determined by the Management Company. The Management Company may not, without prior authorisation from shareholders, use this authorisation during a tender offer initiated by a third party involving the Company’s securities until the end of the tender offer period. The Company does not intend to use options or derivative instruments; objective: ensure secondarymarket activity and liquidity in the Company’s shares via a liquidity contract with an investment services provider that complies with the AMAFI Code of Conduct, approved by the regulatory authorities; programme duration: 18 months, starting from the General Meeting of 28 April 2017, i.e. until 27 October 2018.

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Results of the share buyback programme The results of the programme for 2016 were as follows, keeping in mind that all of these transactions were carried out under the liquidity contract:

Volume 379,071 396,650

Amount (€) Average price (€)

Purchases

4,098,110 4,004,951

10.81 10.10

Sales

The overall par value was €99,792. The total amount of fees for the liquidity contract, including transaction costs, was €45,000 excl. VAT. Shares held in treasury were not used in any way, nor reallocated during the financial year 2016. As of 31 December 2016, the liquidity account was composed of: 16,632 shares; €513,340 in cash and money market funds.

These transactions resulted in a zero gain for Altamir, net of additions to and reversals of provisions, for the financial year ended 31 December 2016. The number of shares held in treasury at 31 December 2016 was 16,632, or less than 0.1% of the share capital. All of the shares were allocated tomaintaining a secondarymarket via the liquidity contract. Their value at the closingprice on 31 December 2016was €212,391. Their weighted average cost was €204,703.

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REGISTRATION DOCUMENT 1 ALTAMIR 2016