Air France-KLM: key decisions of the Shareholders’ Meeting of May 16, 2017

17 May 2017

The Air France-KLM Shareholders' Meeting was held on Tuesday 16 May at the Espace Grande Arche in Paris La Défense.

During this Combined Ordinary and Extraordinary Shareholders' Meeting, where more than 11,700 shareholders were present or represented, all the proposed resolutions were adopted. In particular, the following decisions were taken:

• Co-optation of Jean-Marc Janaillac, as a Board director, in replacement of Alexandre de Juniac with effect as from July 4, 2016 has been ratified, for the remainder of his predecessor's term of office, i.e., until the end of the Shareholders' Meeting convened to approve the financial statements for the financial year ending December 31, 2018 ;

• Board directors' mandates of Maryse Aulagnon and Isabelle Bouillot were respectively renewed for a term of four years, i.e., until the end of the Shareholders' Meeting convened to approve the financial statements for the financial year ending December 31, 2020;

• Leni M.T. Boeren has been appointed as a Board director, for a four year term, i.e., until the end of the Shareholders' Meeting convened to approve the financial statements for the financial year ending December 31, 2020;

• All delegations authorizing the Board of Directors to increase the Company's share capital in various ways, usable outside the context of public tender offer periods or within the context of public tender offer periods (with reduced cap amounts), were passed;

• The Shareholders' Meeting also authorized the Board of directors to grant free existing shares, subject to the attainment of performance conditions, to employees and corporate officers of the Air France-KLM Group (excluding the corporate officers of the Company) ;

• Finally, capital increases reserved for members of a company or Group savings scheme were authorized.

The detailed results of the votes are available on the Company's website (http://www.airfranceklm.com/en/finance/shareholders/annual-general-meeting).