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YEAR ON YEAR, THE POSITION OF FRANCE HAS IMPROVED MAINLY ALONG THE LEGAL CERTAINTY, ECONOMIC CONTEXT AND SOCIAL CLIMATE DIMENSIONS Attractiveness for foreign investors ASSETS TO LEVERAGE WORKFORCE, CE GEOGRAPHIC SITUATION ANFR AND INFRASTRUCTURE OF ON TI POSI IMPROVEMENT PRIORITIES COST, LABOR LEGISLATION, TAX SYSTEM AND ADM. PROCEDURES IMPORTANCE OF CRITERION Criteria in 2016 Criteria in 2017 Note: Position of France = % strengths - % weaknesses, Importance of criterion = % very important - % not important 44 Source : AmCham-Bain Barometer, Bain analysis

AmCham - Bain Barometer | Prez | En - Page 44 AmCham - Bain Barometer | Prez | En Page 43