SOMFY_ANNUAL_FINANCIAL_REPORT_2017

04 MANAGEMENT BOARD REPORT

DISTRIBUTION OF SHARE CAPITAL (ARTICLE L. 233-13 OF THE COMMERCIAL CODE) — To the best of the company’s knowledge, the distribution of share capital and voting rights is as follows:

Shareholding structure at 31/12/17

Number of shares

% share capital

Theoretical voting rights

% theoretical voting rights

Voting rights at AGMs

% of voting rights at General Meetings

J.P.J.S. SCA J.P.J.2 SA

19,480,340 52.65% 38,774,350

61.29% 38,774,350 10.24% 6,430,050 5.23% 3,307,750 4.98% 3,149,495 1.11% 700,000 82.84% 52,361,645

64.03% 10.62%

3,260,025 1,653,875 1,584,495

8.81% 6,475,050* 4.47% 3,307,750 4.28% 3,149,495

Compagnie Financière Industrielle

5.46% 5.20% 1.16%

Despature family and other

Manacor Dev Pte Ltd

700,000

1.89%

700,000

TOTAL CONCERT Treasury shares

26,678,735 72.10% 52,406,645

86.47%

2,658,967

7.19% 2,658,967

4.20%

–

–

Other holders of registered and bearer shares

7,662,298 20.71% 8,193,368

12.95% 8,193,368

13.53%

TOTAL

37,000,000 100.00% 63,258,980

100.00% 60,555,013

100.00%

* Including 45,000 voting rights not exercisable until 09/01/19, due to late declaration of threshold crossing. The identity of controlling individuals is detailed in the section “Disclosure of shareholding threshold crossings pursuant to Article L. 233-7 of the Commercial Code”. In November 2010, Silchester International Investors, acting on behalf of funds under its management, declared that on 1 November 2010 it had a holding of 2,978,875 shares representing 8.05% of the share capital of Somfy SA. Due to the lack of disclosure regarding the attainment of upward or downward threshold crossings, this company is still presumed to hold between 5% and 10% of Somfy SA’s share capital. No shareholder other than those mentioned above holds, directly or indirectly, alone or in concert with others, more than 5% of the share capital or voting rights of the company. Changes to this list during the 2017 financial year are described below in the section “Disclosure of shareholding threshold crossings pursuant to Article L. 233-7 of the Commercial Code”. RECIPROCAL HOLDINGS (ARTICLES L. 233-29 AND R. 233-19 OF THE COMMERCIAL CODE) — There were no reciprocal holdings as defined by current regulations at the date of preparation of this report. EMPLOYEE SHAREHOLDING (ARTICLE L. 225-102 OF THE COMMERCIAL CODE) — At 31 December 2017, the FCPE Somfy (Somfy Investment Fund Scheme) held 261,000 Somfy SA shares amounting to 0.7% of the company’s share capital.

18

SOMFY – ANNUAL FINANCIAL REPORT 2017