EURAZEO_REGISTRATION_DOCUMENT_2017

SHAREHOLDERS’ MEETINGS Observations of the Supervisory Board on the Executive Board’s report

Observations of the Supervisory Board on the 7.5 Executive Board’s report

With respect to Article L. 225-68 of the French Commercial Code, the Supervisory Board has no comments on the Executive Board’s report or the financial statements for the year ended December 31, 2017, and recommends that the Shareholders’ Meeting adopts all the resolutions proposed by the Executive Board.

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Eurazeo

2017 Registration document