2015 REGISTRATION DOCUMENT

of its customers" digital lives 58

at 31 December 2015 162

and Group employees 194

for the last ? ve ? nancial years 228

? nancial statements 290

(French GAAP) 292

? nancial statements 307

submitted to the Combined Annual

Historical ? nancial information for 2013 and 2014 343

Human resources, environmental and social information 345

internal control and risk management 346

Elements included in the Full-year Financial Report are clearly identified in the contents by the FY FR pictogram.

2 3 4 5 16 7 8 Interview with Martin Bouygues, Chairman and CEO 2

This document is a free translation of the Registration Document fi led with the Autorité des Marchés Financiers (AMF) on 16 March 2016,

pursuant to Article 212-13 of the AMF General Regulation. It may be used in support of a fi nancial transaction if supplemented by a stock

exchange prospectus bearing an AMF visa. This document has been prepared by the issuer and its signatories may be held liable for it.

consulted and downloaded from the www.bouygues.com websitequotesdbs_dbs2.pdfusesText_2

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Building the future is our greatest adventure

BOUYGUES CONSTRUCTION

BOUYGUES IMMOBILIER

BOUYGUES TELECOM

REGISTRATION

DOCUMENT

BUSINESS ACTIVITIES AND CSR

FULL-YEAR FINANCIAL REPORT

THE GROUP FY FR 5

1.1 Pro? le 6

1.2 Bouygues and its shareholders 15

1.3 2015 ? nancial year 17

1.4 Main events since 1 January 2016 26

BUSINESS ACTIVITIES FY FR 27

2.1 Construction businesses 28

2.2 TF1, the leading private television group in France 52

2.3 Bouygues Telecom, an operator at the hub

2.4 Bouygues SA 66

2.5 Alstom 70

HUMAN RESOURCES, ENVIRONMENTAL

AND SOCIAL INFORMATION

FY FR 75

3.1 The Bouygues group"s Corporate

Social Responsibility policy 76

3.2 Human resources information 81

3.3 Environmental information 99

3.4 Social information 119

3.5 Independent veri? er"s report 131

RISK FACTORS FY FR 135

4.1 Business-speci? c risks 136

4.2 Market risks 151

4.3 Claims and litigation 154

4.4 Insurance - Risk coverage 159

CORPORATE GOVERNANCE, INTERNAL

CONTROL AND RISK MANAGEMENT

FY FR 161

5.1 Information on corporate of? cers

5.2 Report by the Chairman of the Board of Directors 168

5.3 Auditors" report on the Report by the Chairman 193

5.4 Remuneration of corporate of? cers -

Stock options granted to corporate of? cers

5.5 Information on auditors 209

INFORMATION ON THE COMPANY FY FR 211

6.1 Legal information 212

6.2 Share capital 217

6.3 Share ownership 223

6.4 Stock market information 225

6.5 Bouygues (parent company) results

FINANCIAL STATEMENTS FY FR 229

7.1 Consolidated ? nancial statements 230

7.2 Auditors" report on the consolidated

7.3 Parent company ? nancial statements

7.4 Auditors" report on the parent company

COMBINED ANNUAL GENERAL

MEETING OF 21 APRIL 2016 309

8.1 Agenda 310

8.2 Board of Directors" report on the resolutions

General Meeting

FY FR 311

8.3 Auditors" reports 327

8.4 Draft resolutions 335

CONCORDANCE 341

Full-year Financial Report 344

Board of Directors" management report 344

Report by the Chairman on corporate governance,

STATEMENT BY THE PERSON RESPONSIBLE

FOR THE REGISTRATION DOCUMENT

FY FR 347

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CONTENTS

BOUYGUES I 2015 Registration Document1

2015 REGISTRATION