SOMFY_ANNUAL_FINANCIAL_REPORT_2017

04 MANAGEMENT BOARD REPORT

INFORMATION ON PAYMENT TERMS (ARTICLE L. 441-6-1 OF THE COMMERCIAL CODE)

Trade receivables specific to Somfy SA’s activity represent payment terms generally less than 45 days from the end of the month.

Article D. 441 l.-1°: Invoices received, unpaid and overdue at year end

Article D. 441 l.-2°: Invoices issued, unpaid and overdue at year end

0 day (for infor- mation only)

1 to 30 days

31 to 60 days

61 to 90 days

91 days or more

Total (1 day or more)

0 day (for infor- mation only)

1 to 30 days

31 to 60 days

61 to 90 days

91 days or more

Total (1 day or more)

(A) Late payment ranges Number

7

–

of invoices concerned Total value of invoices concerned exc. VAT

35

3

3

–

1

17

64,098 325,126

–

3,066,295 12,778 14,036

– 37,284

–

–

–

–

Percentage of total value of purchases exc. VAT over the financial year Percentage of revenue exc. VAT over the financial year

0.67%

32.24% 0.13% 0.15% – 0.39%

–

10.05% –

–

–

–

(B) Invoices excluded from (A) relating to contested or unrecorded trade payables and receivables Number of invoices excluded – – – – – – – – – – – –

Total value of invoices excluded exc. VAT

–

–

–

–

–

–

–

–

–

–

–

–

(C) Standard payment terms used (contractual or statutory period – Article L. 441-6 or Article L. 443-1 of the French Commercial Code) Payment terms used for calculating late payments R Contractual terms * Statutory terms: (specify) R Contractual terms: Within 10 days after the end of the month * Statutory terms: (specify)

INFORMATION ON THE DISTRIBUTION OF SHARE CAPITAL AND HOLDINGS

DIVISION OF THE SHARE PAR VALUE — The Management Board decided on 24 May 2017 to divide the Somfy share par value by five and thereby reduce the said par value from €1.00 to €0.20, in accordance with the resolution adopted by the Annual General Meeting of 17 May 2017. Each of the existing shares was exchanged for five new shares with the same dividend and voting rights on 3 July 2017, the day the new shares were delivered. The number of shares comprising the company’s share capital was thus increased from 7,400,000 to 37,000,000 shares with a par value of €0.20 each (ISIN Code: FR0013199916). Upon completion of the transaction, double voting rights were allocated to the registered shares resulting from the division of the existing registered shares that already carried double voting rights.

17

SOMFY – ANNUAL FINANCIAL REPORT 2017