Altamir - Registration Document 2016

CORPORATE GOVERNANCE Report of the Supervisory Board

AUDIT COMMITTEE

The SupervisoryBoardmet as theNomination andRemuneration Committee on 2 November 2016 and 2 February 2017. The Board reviewed the recommendations beginning in paragraph 24 of the Afep-Medef Code of November 2016, as well as the AMF’s recommendations in its Position-Recommendation 2014-14 concerning the preparation of the Registration Document. The Board also reviewed the December 2016 Afep-Medef Code application guide issued by the French High Committee on Corporate Governance. As a Frenchpartnership limitedby shares, Altamir is not subject to the new provision established by the Sapin II law of 9 December 2016, which requires a vote on the determination of remuneration policy. Shareholders will therefore be asked to express a favourable opinion on the remuneration payable or attributed to Maurice Tchenio, legal representative of Altamir Gérance, Management Company, andtoJean-HuguesLoyez, Chairmanof theSupervisory Board, for the financial year ended 31 December 2016. In application of theAfep-Medef Code recommendations, details of the remuneration payable or attributed to each executive officer of the Company for the 2016 financial year are as follows:

Please refer to section 2.1.3.

COMPOSITION – FUNCTIONING – EVALUATION OF THE BOARD

Please refer to section 2.4.1.

2.3.10 SAY ON PAY

2

In accordancewith theAfep-Medef Code recommendations, and in application of the provisions of Articles L. 225-68 and L. 226-1 of the FrenchCommercial Code, the opinionof shareholdersmust be solicited concerning the remuneration payable or attributed to each executive officer of the Company for the financial year just ended.

1) MAURICE TCHENIO Remuneration payable or attributed for the most recent financial year

Amounts or accounting valuation submitted to vote

Presentation

€ 292,704 (amount paid by Amboise SAS, which holds 28.21% of Altamir,

Maurice Tchenio receives no remuneration from Altamir, Altamir Gérance or Apax Partners SA. The amount of his fixed remuneration has remained unchanged since 2011. Maurice Tchenio receives no long-term variable remuneration. Maurice Tchenio receives no long-term variable remuneration. Maurice Tchenio receives no special remuneration. Maurice Tchenio receives no stock options, performance-based shares or other long-term remuneration.

99.9% of Altamir Gérance and 66.48% of Apax Partners SA)

Fixed remuneration

Annual variable remuneration

NA

Long-term variable cash remuneration

NA

Special remuneration

NA

Stock options, performance-based shares and other long-term remuneration.

NA

Maurice Tchenio does not receive attendance fees

Attendance fees

NA

Maurice Tchenio receives, as a benefit in kind, the use of a company vehicle from Amboise SAS

€ 7,946

Valuation of benefits in kind

Remuneration payable or attributed for the most recent financial year that is or has been subject to a shareholder vote at the General Meeting pursuant to the procedure for regulated agreements and commitments

Amounts submitted to vote

Presentation

Maurice Tchenio has no commitment from the Company with regard to the termination of his duties Maurice Tchenio is not entitled to a a non-competition payment Maurice Tchenio is not entitled to a supplemental retirement regime

Severance pay

NA

Non-competition payment

NA

Supplemental retirement regime

NA

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REGISTRATION DOCUMENT 1 ALTAMIR 2016