SFIL Annual financial report 2018

5 I Shareholders’ Meeting of may 29, 2019 136 SFIL Annual Financial Report 2018 Nature and purpose: This agreement was signed in January 31, 2013. SFIL must provide support functions to LBP which it needs for itself or the joint-venture to develop its marketing activities. SFIL will provide services related to the accounting matters for operations, back-office loan management and monitoring of risks. Terms and conditions: This agreement, authorized by the Board of Directors in January 31, 2013, has no longer been in force since April 10, 2018 and was replaced by the agreement mentioned in A. The financial impacts of this agreement and its amendments in respect of fiscal year 2018 are described in A. 1. Amendment of August 8, 2013 Persons concerned: Mrs. Delphine de Chaisemartin, director of SFIL (until March 29 2018) and of the JV LBP Collectivités Locales. Mr. Philippe Wahl, Chairman of the Management Board of LBP and director of SFIL, until December 5, 2013. Nature and purpose: This amendment was signed in August 8, 2013. The provision of services agreement signed on January 31, 2013 between SFIL and LBP sets forth all of the services that SFIL provides to LBP as part of the marketing of loans to local territories and public hospitals. The purpose of the amendment is to add the following clauses to this agreement: •  Introduction of a civil liability ceiling •  Several services have been specified • Monthly meeting of the partnership committee to monitor the smooth running of this service •  Introduction of an invoicing limit insofar as SFIL must equip itself to provide the services requested by LBP. The SLA describes the operational aspects of all the services listed in the agreement and those provisions which take prec- edence over those in the agreement. It defines the quality indicators and their acceptable thresholds as well as the mech- anism for imposing penalties in the event of non-compliance of these indicators. Terms and conditions: This agreement, authorized by the Board of Directors in January 31, 2013, has no longer been in force since April 10, 2018 and was replaced by the agreement mentioned in A. The financial impacts of this agreement and its amendments in respect of fiscal year 2018 are described in A. 2. Amendment of July 12, 2017 Persons concerned: M. Serge Bayard, representing LBP and director of SFIL. Mrs. Delphine de Chaisemartin, director of SFIL (until March 29, 2018) and of the JV LBP Collectivités Locales. Mr. Schwan Badirou Gafari, representing the French State, director of SFIL and the State, being a member of the LBP Super- visory Board. Nature, purpose and reasons justifying that the agreement is in the Company’s interest: This amendment aims to extend the agreement by 3 months to renegotiate the terms and conditions, before either of the parties can give notice of termination should they fail to agree. Terms and conditions: This amendment, signed in July 12, 2017 was not previously authorized by the Board of Directors due to omission. The Board of Directors decided to authorize it a posteriori in September 7, 2017. This amendment has no longer been in force since April 10, 2018 and was replaced by the agreement mentioned in A. The financial impacts of this agreement and its amendments in respect of fiscal year 2018 are described in A. 3. Amendment of October 31, 2017 Persons concerned: Mr. Serge Bayard, representing LBP and director of SFIL. Mrs. Delphine de Chaisemartin, director of SFIL (until March 29, 2018) and of the JV LBP Collectivités Locales. Mr. Schwan Badirou Gafari, representing the French State, director of SFIL and the State, being a member of the LBP Super- visory Board. Nature, purpose and reasons justifying that the agreement is in the Company’s interest: The amendment to the services agreement covers the pricing which provides for 15bp of management fees paid by LBP to SFIL for the outstandings held by the latter. This amendment modifies, for the most recent and for future outstandings, the cost of the service from 15bp to 8bp to align it with market conditions. These new conditions are applicable as of January 1, 2018.