EURAZEO_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

Consolidation method

% control

% interest 79.88% 79.88% 79.88% 79.88% 79.88% 79.88% 79.88% 79.88% 79.88% 79.88% 79.88% 79.88% 79.88% 79.88% 79.88% 79.88% 79.88%

Change in consolidation scope

Company

Country

International Studies Abroad (ISA) Sociedad Anonima International Studies Abroad (Thailand) Co., LTD International Studies Abroad Brasil Intercâmbios Ltda. International Studies Abroad España, Sociedad Limitada International Studies Abroad Inc Peru S.A.C. International Studies Abroad India Private Limited International Studies Abroad Japan Kabushiki Kaisha

Costa Rica

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

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

Thailand

Brazil

Spain Peru India Japan

International Studies Abroad Prague s.r.o. International Studies Abroad PTY LTD International Studies Abroad S.A.S.

Czech Republic

Australia Colombia

International Studies Abroad S.r.l.

Italy

Dominican Republic

International Studies Abroad, S.R.L.

International Studies Abroad (ISA) China, LLC

USA USA USA

ISA World Holding, LLC

Learning Programs International, Inc. STE International Studies Abroad S.A.R.L.

Morocco

Veritas Abroad, Inc. Europcar sub-group Europcar Groupe S.A. Elis sub-group Legendre Holding 27

USA

France

EA

34.94%

30.56%

France France

FC EA

100.00%

90.56%

Elis

10.25%

5.71%

Desigual sub-group Abasic SL

4

Spain

EA

10.00%

7.42%

Les Petits Chaperons Rouges sub-group Les Petits Chaperons Rouges

France

EA

40.84%

30.50%

Neovia sub-group Neovia

France

EA

17.29%

12.97%

Trader Interactive sub-group (from July 1, 2017) Trader Interactive

France

EA

50.00%

50.00%

Acquisition

Eurazeo PME Eurazeo PME Capital

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

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

100.00% 100.00% 100.00% 100.00% 100.00%

100.00%

FPCI OFI PEC 1 FPCI OFI PEC 2

84.70% 84.70%

FPCI Eurazeo PME II-A FPCI Eurazeo PME III-A

100.00% 100.00%

Acquisition

C. Participations

Disposal

AssurCopro (from January 1, 2017) AssurCopro Group

47.45%

33.21% 33.21% 33.21% 33.21% 33.21% 33.21%

Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition

AssurCopro

AssurCopro Sud Assur’Partenaires Interassurances

Jacques Boulard SAS Dessange International Dessange Participations FC = Full consolidation. EA = Equity accounted.

France

FC

76.48%

64.78%

261

Eurazeo

2017 Registration document