Altamir - Registration Document 2016

CORPORATE GOVERNANCE

Report of the Chairman of the Supervisory Board

D. Identification of serious deficiencies or inadequacies of the internal control system To thebest of our knowledge, no serious deficiencyor inadequacy was revealed during the assessment or preparation of this report.

Compliance with the Code of Ethics included in the Rules of Procedure is monitored centrally by an ethics manager who reports to the Compliance and Internal Control Officer of each asset management company. The rules on ethics are presented later on in this report, in the section entitled “Ethics”. In order to avoid the risks of insider trading, the Ethics Officer and Compliance and Internal Control Officer maintain a list of companies whose securities employees and their families are prohibited from trading. In practice, any investment in a listed or unlisted company must first be authorised by the Ethics Officer. Control is carried out not only on transactions internal to the Company, but also on the companies in the portfolio. Apax Partners SA and Apax Partners MidMarket SAS are corporate officers of practically all the companies in the portfolio. The permanent representatives of themanagement company (or the directors themselves) performthe role of corporate officers. They are active onBoards andon remuneration andAudit Committees. They receive amonthly activity report and each comments on it in the partner’smeetings. They take the greatest care to ensure that the capital of the funds managed by Apax Partners and Altamir is invested in accordance with the objectives set at the time of investment. The Company exercises its voting rights at each Annual General Meeting. C. Procedures In order to compile this report, the Chairman of the Supervisory Board interviewed all the parties involved in internal control: the CFO, the Compliance and Internal Control Officer, the Deputy Internal Control Officer, the Statutory Auditors and themembers of the Audit Committee. The topics of internal control and ethics were discussed during the Supervisory Board meetings.

RELATIONSHIP BETWEEN RISK FACTORS AND THE INTERNAL CONTROL PROCEDURES

Please refer to section 1.5. Risk Factors The risk factors and measures taken to limit their impact are addressed in the Management Company’s report. This report does not aim to describe the procedures in detail. Our description of the organisation and our internal control principles is intended to give you an outline of how our internal control system functions. In2016,theCompanypursuedinternalcontrolinitiatives,continued to combat money laundering and the financing of terrorism and implemented new reporting software. It also conducted a complete review of the FATCA status of the Company and all of its investment holdings. In 2017, we will continue to implement corrective actions if we or our auditors identify weaknesses or omissions. This report was approved by the Supervisory Board during its meeting of 6 March 2017.

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Chairman of the Supervisory Board

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REGISTRATION DOCUMENT 1 ALTAMIR 2016