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PRESIDENT MACRON’S POLICY GENERATES LARGELY POSITIVE PERCEPTIONS SO FAR, BUT THE SOCIAL CLIMATE REMAINS AN ISSUE What are your feelings in regards to the impact of work that will be undertaken by President Emmanuel Macron and Edouard Philippe’s government in the following areas? “President Macron has a great image in Silicon Valley's companies.” Country director, Technology “Inflexibility of the current labor laws is a significant impediment to investment. Macron's proposals make France a more attractive place to invest and increase employment.” Vice President and General Manager, Consumer Goods “Process simplification, labor costs predictability (e.g. for dismissal) and declining employment costs will facilitate investment.” Attorney, Legal Note : in percentage of respondents 27 Source : AmCham-Bain Barometer, Bain analysis

AmCham - Bain Barometer | Prez | En - Page 27 AmCham - Bain Barometer | Prez | En Page 26 Page 28