BPCE_REGISTRATION_DOCUMENT_2017

FINANCIAL REPORT IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2017

NON-CONSOLIDATED COMPANIES 17.6 AT DECEMBER 31, 2017 Non-consolidated companies include: significant interests that do not fall within the scope of ● consolidation;and

companies excluded from the scope of consolidation owing to ● their non-materialnature. The main significant interests that do not fall within the scope of consolidation,and details of the share of equity held either directly or indirectly by the Group, are as follows:

Amount of shareholders’ equity* in millions of euros

Amount of income* in millions of euros

Share of equity held

Company

Location

Reason for non-consolidation

Interestnot consolidatedbecausethe Groupdoes not have control, joint control or notable influence (includingtax structures) Interestnot consolidatedbecausethe Groupdoes not have control, joint control or notable influence (includingtax structures) Interestnot consolidatedbecausethe Groupdoes not have control, joint control or notable influence (includingtax structures) Interestnot consolidatedbecausethe Groupdoes not have control, joint control or notable influence (includingtax structures)

BANCO FINANTIA

Portugal

11.00%

424

0

EUROSECURED NOTESISSUER

France

16.67%

0

0

FRANCEACTIVE GARANTIE

France

14.00%

26

1

SYSTÈME TECHNO ECHANGEET TRAITEMENT

France

15.04%

94

8

Shareholders’equityand incomefor the last fiscal yearknownas of the closingdate,basedon the accountingstandardsapplicablein the countryof registration. *

Informationon companiesexcludedfrom the scope of consolidationdue to their non-materialnature is availableon the GroupeBPCE websiteat the followingaddress:https://www.groupebpce.fr/Investisseur/Information-reglementee.

5

Note 18

Statutory Auditors’ fees

Fees in respect of duties carried out by the Statutory Auditors responsible for auditing BPCE’s financial statements and for their networks in respect of the 2016 and 2017 fiscal years were as follows:

PwC

Mazars

Deloitte

Total

Amount

% Amount

% Amount

% Amount

%

2017

2016 2017

2016 2017

2016 2017

2016 2017

2016 2017

2016 2017

2016 2017

2016

in millions of euros (1)

Certification of financial statements

9,806 8,293 76% 64% 4,960 4,186 80% 63% 9,657 8,107 65% 54% 24,523 20,586 72% 59%

Issuer

654 427 9,252 7,866

655 430 4,305 3,756

661 419 8,996 7,688

1,970 1,276 22,553 19,310

Subsidiaries

Services other than certification of financial statements (2)

3,187 4,651 24% 36% 1,270 2,509 20% 37% 5,193 7,018 35% 46% 9,651 14,178 28% 41%

Issuer

341 455 2,846 4,196

159 413 1,111 2,096

951 851 4,242 6,167

1,451 1,719 8,200 12,459

Subsidiaries

TOTAL

13,094 12,944 100% 100% 6,230 6,695 100% 100% 14,850 15,125 100% 100% 34,174 37,764 100% 100%

Change (in%)

1%

(7%)

(2%)

(2%)

Amounts relating to servicesprovidedappearon the income statement forthereporting year, notably including unrecoverable VAT. (1) In 2017, “Services otherthanthe certification of financial statements” mainly included assignments requested by BPCE (€1.4 million i cluding €0.7 million forBCBSstandard 239 performed by Deloitte, (2) €0.5 million forcomfortlettersrelatingto issues,withthisamount being dividedbetweenBPCE’sthreeStatutoryAuditors,and€0.2 million forconsultations carriedout by PwC) as well asassignments requestedbyNatixis SA and its subsidiaries (€7.5 million), inparticularfor the move#2018 project atBPCE Vie (€0.7 million), performed by Deloitte, assignments relating to he FRTB project at Natixis Paris (€0.5 million), performed by Mazars, the BCBS standard 239 project atNatixisParis(€0.7 million), performed by Deloitte, assistance with the ECB bad loans assignment at NatixisParis (€0.3 million), performed by Deloitte, the EMIRprojectat NatixisParis (€0.2 million), performedbyPwCand recurrent Tax Servicesassignments for NIM(€0.6 million),mainly performed by PwC.

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Registration document 2017