EURAZEO_REGISTRATION_DOCUMENT_2017

4

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

Consolidation method

% control

% interest 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56% 54.56%

Change in consolidation scope

Company

Country

GHP Toulouse Université GHP Lille Tourcoing Centre

France France France France France France France France France France France France France France France France France France France France France France France France France France France France France France France France France France France France France France France France France France France

FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC

GHP Narbonne GHP Tours Nord

GHP Le Mans Centre

GHP Lourdes

GHP Bordeaux Sud Pessac GHP Marseille Bonneveine GHP Grenobles Université GHP Villepinte Parc Expos

GHP Lille Roubaix

GHP Orléans Centre Foch GHP Reims Centre Gare

GHP Tours Centre

GHP Thionville Yutz Vieux Bourg GHP Besançon La City Préfecture GHP Le Havre Bassin du Commerce GHP Annemasse Porte de Genève GHP Reims Parc des Expositions

GHP Le Coudray GHP Lille Aéroport GHP Sophia Antipolis GHP Roissy Aéroport GHP Fontainebleau Royal GHP Grenoble Président

GHP Créteil Le Lac

GHP Maffliers

GHP Evry

GHP Bordeaux Aéroport

GHP Dijon Sud

GHP Orléans Sud La Source GHP Grenoble Nord Voreppe

GHP Saint Avold GHP Lyon Bron GHP Mâcon Nord

GHP Le Mans

GHP Metz Hauconcourt GHP Mulhouse Sausheim

GHP Valenciennes Aérodrome

GHP Toulouse Aéroport

GHP Albertville

GHP Antibes Sophia Antipolis Grape Hospitality France GIE

Acquisition

Grape Hospitality Holding (GHH) S.à r.l.

Luxembourg Luxembourg Luxembourg Luxembourg

Grape Hospitality International (GHI) S.à r.l. (“GHI”)

Grape Hospitality Lux Austria S.à r.l. Invesco Vienna Hotel Investment S.à r.l.

FC = Full consolidation. EA = Equity accounted.

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2017 Registration document

Eurazeo