EURAZEO_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

Consolidation method

% control

% interest 46.72% 46.72% 46.72% 36.24% 45.08% 46.72% 46.72% 45.08% 46.72% 46.72% 46.72% 46.72% 46.72% 46.72% 46.72% 32.70% 32.70% 32.70% 38.52% 38.52% 38.52% 38.52% 38.52% 38.52% 38.52% 38.52% 38.52% 38.21% 25.84% 38.42% 25.42% 35.04% 35.04% 35.04% 11.45% 22.89% 23.36% 14.39% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93%

Change in consolidation scope

Company Novacyl sas CU Holdco

Country

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

Germany Germany

CU Chemie Uetikon

Taixing Yangzi Pharma Chem. Ltd Jiangsu Puyuan Chemical Co. Ltd

China China China

Novacyl (Wuxi) Pharma. Ltd

Novacyl (Thaïland) ltd

Thailand

Bingz Holding

Hong Kong Hong Kong

Novacyl Asia Pacific ltd

Novacyl Inc. Uetikon Inc. Novacap sas

USA USA

France France France

Novacap Group Bidco sas Novacap International sas

Novacap Asia Pacific ID DEVELOPPEMENT

Hong Kong

France France France France Canada China France Finland France France France France France France Germany USA

Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition

ID BIO SAS H2B SAS PCAS SAS

PCAS CANADA

PCAS America INC

PCAS China

Expansia

PCAS Finland Oy

4

PCAS GmbH VLG Chem

PCAS Biosolution

Protéus Enersens Dauphin

PCAS Biomatrix

Chemoxy Crossco

UK UK UK

Novacap UK Bidco

ETBS

Thailand

Novawood

France France France

Feracid

Osiris (GIE)

Sommet Education sub-group Graduate

Luxembourg Switzerland Switzerland Switzerland Switzerland

99.94%

Gesthôtel

Glion Management Services

Haute école spécialisée Les Roches-Gruyère

G.I.H.E.

Glion UK

UK UK

Sommet Education UK Les Roches Chicago FC = Full consolidation. EA = Equity accounted.

Acquisition

USA

259

Eurazeo

2017 Registration document