SOMFY_ANNUAL_FINANCIAL_REPORT_2017

07 CONSOLIDATED FINANCIAL STATEMENTS

The par value of the shares that comprise Somfy SA’s share capital has been divided by five. The company’s share capital changed from 7,400,000 shares with a par value of €1 each to 37,000,000 shares with a par value of €0.20 each during the 2017 financial year. The voting right attached to shares is proportional to the capital that they represent. Each share carries the right to a single vote. Certain shares are entitled to a double voting right, providing they are fully paid up and have been registered in nominative form for at least four years in the name of the same shareholder at the end of the calendar year preceding each General Meeting. Net earnings per share is calculated by dividing the net profit for the financial period by the average number of shares in issue over the period (number of shares issued net of treasury shares held). Only treasury shares held by the Group and allocated at the closing to stock options plans or free shares allocations guarantee a dilutive effect on the calculation of diluted earnings per share. The Group has not issued any securities giving future access to capital. EARNINGS PER SHARE NOTE 6.2

EQUITY AND EARNINGS PER SHARE NOTE 6 — EQUITY NOTE 6.1

Transactions between shareholders Note 6.1.1

In the event of acquisition of additional interests in a subsidiary, the difference between the price paid and the book value of non-controlling interests acquired and any related acquisition costs is recognised as a reduction of the Group’s consolidated shareholders’ equity, and vice versa in case of disposal of interests without loss of control.

Treasury shares Note 6.1.2

The Group holds treasury shares for the following purposes: to stimulate the secondary market or ensure the liquidity of – the Somfy share, by way of an investment services provider within a liquidity contract that complies with the Ethics Charter of AMAFI recognised by regulations; to retain the shares purchased and subsequently exchange – them or use them as payment within the framework of potential acquisitions; to ensure the coverage of stock option plans and/or free – share allocation plans (or similar) granted to employees and/or corporate officers of the Group, as well as all other shares allocated under a company or group savings scheme (or similar), in relation to employee profit sharing and/or any other form of allocation to employees and/or corporate officers of the Group; to cover marketable securities giving right to the allocation of – shares in the company, in accordance with current regulations; to proceed with the possible cancellation of shares acquired. – Treasury shares directly held by the Group or through a liquidity contract are recognised as a reduction from equity. On their disposal, the consideration received for the disposal of treasury shares is directly recognised as an increase of Group equity, no gain or loss is thus recognised in net profit/loss for the financial year.

Basic earnings per share Net profit – Group share (€ thousands) Total number of shares (1) Treasury shares** (2) Number of shares used in calculation (1) – (2) EARNINGS PER SHARE (€)

31/12/17 31/12/16*

159,912 140,957

37,000,000 37,000,000 2,658,967 2,663,535

34,341,033 34,336,465

4.66 4.11 2016 figures have been restated to reflect the 5-for-1 share par * value split carried out in 2017. Represent all the treasury shares held by Somfy SA. **

Diluted earnings per share Net profit – Group share (€ thousands) Total number of shares (1) Treasury shares** (2) Number of shares used in calculation (1) – (2)

31/12/17 31/12/16*

159,912 140,957

37,000,000 37,000,000 2,650,442 2,655,010

Proposed dividends Note 6.1.3

34,349,558 34,344,990

31/12/17 31/12/16* 37,000,000 37,000,000

DILUTED EARNINGS PER SHARE (€) 4.10 2016 figures have been restated to reflect the 5-for-1 share par * value split carried out in 2017. Does not include free shares. ** Diluted earnings per share take into account shares allocated free of charge in determining the “number of shares used in calculation”. 4.66

Total number of shares

Treasury shares

2,658,967

2,663,535

Par value

€0.20 €1.30

€0.20

Proposed dividends €1.22 2016 figures have been restated to reflect the 5-for-1 share par * value split carried out in 2017.

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SOMFY – ANNUAL FINANCIAL REPORT 2017