Changes in BOURBON Corporation's governance

At its meeting held on March 14, 2018, the Board of Directors of BOURBON Corporation decided, upon proposal of the Executive Chairman and opinion of the Nominating, Compensations and Governance Committee, to separate the functions of Chairman of the Board and CEO. Gaël Bodénès was therefore appointed Chief Executive Officer; Jacques de Chateauvieux remains Chairman of the Board. The Board also confirmed Astrid de Bréon in her duties, as Chief Financial Officer.

These decisions are fully in line with the governance evolution announced on September the 8^th, 2017.

The group’s executive team is thus composed of:

• Gaël Bodénès, Chief Executive Officer
• Astrid de Bréon, Chief Financial Officer.