Detailed net financial position as of
September 30, 2019 (in EUR million)

Gross cash

2,064

Gross debt

Institutional bonds: € (1,000) M - Exchangeable bonds LafargeHolcim: € (750) M - Bank debt: € (81) M - Debt related to the prepaid forward sales of Total shares € (771) M

(2,602)

Net debt (excluding treasury shares)

(538)

Treasury shares

457

Total (included in GBL's NAV)

(81)

Maintaining a solid and flexible financial structure while limiting net indebtedness

Debt maturity profile

Debt maturity profile

GBL has undrawn committed credit lines for an amount of € 2,150 million (as indicated by the above dotted lines).

EUR 750m exchangeable bond for existing registered shares of LafargeHolcim Ltd due December 30, 2022

Terms and conditions of the bonds

Institutional bonds

Risk Management

The risks associated with the management of cash and cash equivalents, financial instruments and financing may be consulted in the Risk Management section.