EURAZEO_REGISTRATION_DOCUMENT_2017

4

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

Consolidation method

% control

% interest 36.34% 36.34% 36.34% 36.34% 36.34% 36.34% 36.34% 18.17% 36.34% 36.34%

Change in consolidation scope

Company Orolia Inc

Country

USA

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

Spectracom SAS Orolia Do Brazil

France

Brazil

Orolia Global Services Ltd

UK

Orolia Global Services Ltd Russia

Russia

Orolia Switzerland

Switzerland Switzerland

T4S

Dissolution

Orolia SAS Orolia Ltd

France

UK

McMurdo Inc Oceantracs

USA

Canada

MKD Mk Direct Holding

France France France France France France France Belgium

55.01%

38.51% 38.51%

Mk Direct2

Saget Linvosges Management

Merger

Francoise Saget

38.51% 38.50%

Linvosges

Smile (from July 1, 2017) Smile Group

66.24%

41.07% 41.07% 41.07% 41.07% 41.07% 41.07% 41.07% 41.07%

Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition

Smile

Smile Belgique

Smile BV

Netherlands Switzerland

Smile Suisse Smile Ukraine Smile Maroc

Ukraine Morocco

Neopixl

Luxembourg

FC = Full consolidation. EA = Equity accounted.

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2017 Registration document

Eurazeo