EURAZEO_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

Consolidation method

% control

% interest 51.77% 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% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 59.81% 99.50% 46.59%

Change in consolidation scope

Company

Country

Invesco Hanover Hotel Investment S.à r.l. Invesco The Hague Hotel Investment S.à r.l. Grape Hospitality OpCo GmbH Grape Hospitality Belgian OpCo Grape Hospitality Belgian PropCo Grape Hospitality Anvers PropCo Grape Hospitality German OpCo GmbH Grape Hospitality Spanish HoldCo, S.L. Grape Hospitality Spanish OpCo, S.L. Grape Hospitality Spanish PropCo, S.L. Grape Hospitality Italian OpCo S.R.L. Grape Hospitality Italian PropCo S.R.L. Invesco Rome Corso Hotel Investment S.R.L Invesco Rome Rustica Hotel Investment S.R.L Opcogrape Hospitality, Portuguese Unipessoal Lda Propcogrape Hospitality, Portuguese Unipessoal Lda Reden Solar (formerly Fonroche) sub-group Legendre Holding 25 Hostelera Valenciana 98 Grape Hospitality Dutch OpCo B.V.

Luxembourg Luxembourg

FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA FC EA

Austria Belgium Belgium Belgium Germany

Spain Spain Spain Spain

Italy Italy Italy Italy

Netherlands

Portugal Portugal

France France

100.00%

Reden Solar

46.83%

Eurazeo Capital Asmodee sub-group Asmodee Holding

France France France

79.74%

4

Asmodee Group Asmodee France

Asmodee Editions LLC

USA

Asmodee Canada Asmodee Gmbh Asmodee Iberica Asmodee Benelux Esdevium Games

Canada Germany

Spain

Belgium

UK

JD Editions

France China France

Asmodee Trading

DoW SARL

Asmodee North America

USA USA Italy

Fantasy Flight Games Event Center LLC

Asmodee Italia Pearl Games Catan Studios Enigma Danmark Enigma Benelux Enigma Norge Enigma Finland Enigma Sverige

Belgium

USA

Merger

Denmark

Netherlands

Norway Finland Sweden Sweden

Playoteket

FC = Full consolidation. EA = Equity accounted.

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Eurazeo

2017 Registration document