SFIL Annual financial report 2018

Annual financial statements in accordance with French GAAP I 4 125 Annual Financial Report 2018 SFIL Management report Report on corporate governance Consolidated financial statements in accordance with IFRS Annual financial statements in accordance with French GAAP Shareholders’ Meeting of May 29, 2019 General information Changes during the year excluding accrued interest Amount as of 12/31/2017 Increases Decreases Translation adjustments Amount as of 12/31/2018 Certificates of deposit 624 647 (624) - 647 EMTN 2,827 2,108 - - 4,935 TOTAL 3,451 2,755 (624) - 5,582 3.3 - OTHER LIABILITIES Amount as of 12/31/2017 Amount as of 12/31/2018 Cash collateral received 590 724 Taxes 0 8 Other payables 23 13 TOTAL 613 745 3.4 - ACCRUALS AND OTHER LIABILITIES Amount as of 12/31/2017 Amount as of 12/31/2018 Deferred charges on hedging transactions 207 193 Accrued interest not yet due on hedging transactions 321 310 Other accounts payable on hedging transactions 64 - Other accrued charges 35 31 TOTAL 627 534 3.5 - PROVISIONS Amount as of 12/31/2017 Increases Decreases Conversion differences Amount as of 12/31/2018 Provisions on pensions 5 - - - 5 Provisions on financial instruments - 3 - - 3 TOTAL 5 3 - - 8 3.6 - EQUITY Amount as of 12/31/2017 Amount as of 12/31/2018 Share capital 130 130 Legal reserve - - Retained earnings (+/-) (16) 14 Net income (+/-) 30 44 TOTAL 144 188 SFIL’s share capital totaled EUR 130 million, comprising 9,285,725 shares with a face value of EUR 14. 3.7 - BREAKDOWN OF LIABILITIES BY CURRENCY Analysis by original currency Amount in original currency as of 12/31/2017 Amount in euros as of 12/31/2017 Amount in original currency as of 12/31/2018 Amount in euros as of 12/31/2018 EUR 8,784 8,784 8,842 8,842 CAD 2 1 2 1 CHF 14 12 8 7 GBP 2 2 2 2 SEK - - - - USD 1,013 845 2,356 2,060 NOK 39 4 39 4 TOTAL 9,648 10,916