Vilmorin & Cie - Annual report 2017-2018

Vilmorin & Cie and its SHAREHOLDERS 6 ANNUAL REPORT Vilmorin & Cie 232 2017-2018 French residents Dividends received by individuals who are tax residents of France are automatically subject to the single flat-rate withholding tax at a rate of 12.8% and to social security contributions at a rate of 17.2%, i.e. an overall tax rate of 30%. At the taxpayer’s request, dividends may be subject to the progressive income tax scale after application of a 40% allowance, if applicable. In addition, dividends will be subject to social security contributions at a rate of 17.2%. Taxation is carried out in two stages. When dividends are paid, the following are deducted at source: An income tax prepayment of 12.8%; Social security contributions. The following year, when income is declared, dividends are submitted to the single flat-rate or the income tax scale and the amounts withheld when the dividends are paid are deducted from the tax due or refunded in the event of an excess. By way of exception, and at the taxpayer’s request, individuals belonging to a tax household whose reference tax income for the penultimate year is less than 50,000 euros (for single, widowed or divorced persons) or 75,000 euros (for persons subject to joint taxation) may be exempt from the income tax prepayment. Non-French residents Dividends received by individual non-French resident shareholders have tax withheld at source, the rate of which varies as follows: 12.8% for dividends received by individuals who are not tax residents in Non-Cooperative States or Territories (NCSTs); 75% for dividends received by individuals who are tax residents in Non-Cooperating States or Territories. This withholding of tax is definitive in France and is usable in principle for a tax credit in the country of residence of the person receiving the distributed revenues. Nevertheless, in cases where an international convention is applicable, the amount withheld may be reduced, or even not applied at all. 6.3.5. Servicing of the shares Vilmorin & Cie mandated BNP Paribas Securities Services for its financial servicing. For the servicing of the shares, please contact: BNP Paribas Securities Services Les Grands Moulins de Pantin CTS – Service relations actionnaires 9, rue du Débarcadère F-93761 Pantin Cedex Tel.: For French Shareholders: 0 826 109 119 For other Shareholders: +33 (0)1 55 77 40 57 Fax: +33 (0)1 55 77 34 17 This service is available every working day from 8.45 am until 6 pm, Paris time. www.planetshares.bnpparibas.com The website has a contact form for holders of registered shares. 6.3. Vilmorin & Cie shares