Altamir - Registration Document 2016

2

CORPORATE GOVERNANCE Report of the Supervisory Board

2) JEAN-HUGUES LOYEZ Remuneration payable or attributed for the most recent financial year

Amounts or accounting valuation submitted to vote

Presentation

Jean-Hugues Loyez receives no fixed remuneration.

Fixed remuneration

NA

Jean-Hugues Loyez receives no long-term variable remuneration. Jean-Hugues Loyez receives no long-term variable remuneration.

Annual variable remuneration

NA

Long-term variable cash remuneration

NA

Jean-Hugues Loyez receives no special remuneration.

Special remuneration

NA

Jean-Hugues Loyez receives no stock options, performance-based shares or other long-term remuneration.

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

NA

Jean-Hugues Loyez is Chairman of the Supervisory Board and attended all Board meetings in 2016

Attendance fees

€55,000

Valuation of benefits in kind

NA

Jean-Hugues Loyez receives no 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

Jean-Hugues Loyez has no commitment from the Company with regard to the termination of his duties Jean-Hugues Loyez is not entitled to receive a non-competition payment Jean-Hugues Loyez does not benefit from a supplemental retirement regime.

Severance pay

NA

Non-competition payment

NA

Supplemental retirement regime

NA

It should be noted that the services billed to Altamir by related companies are not related to the duties of Altamir’s officers.

Amendments to the articles of association proposed at the extraordinary general meeting At their Extraordinary General Meeting on 28 April 2017, shareholders will be asked to amend the company’s Articles of Association for two items: Introduction of a hurdle rate on co-investments In light of the change in investment strategy that givesAltamir the ability to occasionally co-invest alongside the funds to optimise cash management, the Management Company has decided to ask shareholders to approve an amendment to the Articles of Association to introduce a hurdle rate for the calculationof carried interest on these co-investments. This issue was examined and unanimously approved by the Supervisory Board, meeting as the Nomination and Remuneration Committee on 2 February 2017 and 6 March 2017. The proposed amendments concern articles 25.2 and 25.3 of the Articles of Association specifying the rules related to the minimum annual rate of return for the payment of any carried interest on the co-investments.

Amendment to the Articles of Association related to the age limit for Maurice Tchenio The Supervisory Board, meeting as the Nomination and Remuneration Committee, examined this proposal to amend the Articles of Association at its meetings of 2 February and 6March 2017. After discussing it and agreeing that it is in the best interest of the Company, the Supervisory Board unanimously approved the proposal at its meeting of 6 March 2017.

The Supervisory Board has no observations to make regarding the statutory or consolidated financial statements for the year, the content of the Management Report, the agenda or the draft resolutions proposed by the Management Company and recommends that the Shareholders vote in favour of these resolutions.

The Supervisory Board

90 REGISTRATION DOCUMENT 1 ALTAMIR 2016

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