Albéa Beauty Holdings S.A.

Condensed unaudited interim consolidated financial statements for the periods ended September 30, 2015 and September 30, 2014

CONSOLIDATED INCOME STATEMENTS Third quarter Nine Month Period Continuing operations: ended September 30, ended September 30, ended September 30, ended September 30, Note 2015 2014 2015 2014 Revenue 5.1 351 177 389 937 1 065 077 1 208 209 Cost of sales 5.2 (287 499) (319 035) (874 086) (981 771) Gross profit 63 678 70 902 190 991 226 438 Selling and administrative expenses 5.3 (40 444) (46 191) (123 188) (147 483) Restructuring and project costs 5.4 (5 160) (7 072) (13 415) (20 737) Impairment charges (11) (108) 56 (85) Other income / (expense) 5.5 (5 766) (4 190) (12 974) (11 641) Operating profit 12 297 13 341 41 470 46 492 - - Financial income 3 839-5 564 212 Financial expense (16 714) (47 510) (87 623) (96 470) Financial result 5.6 (12 875) (47 510) (82 059) (96 258) - - Share of profit of associates 73 235 425 454 - - Profit (loss) from continuing operations before income taxes (505) (33 934) (40 164) (49 312) Income tax expense (4 452) 697 (11 726) (5 703) Profit (loss) from continuing operations (4 957) (33 237) (51 890) (55 015) - - Loss for the period (4 957) (33 237) (51 890) (55 015) - - Attributable to: - - Owners of the parent (4 957) (33 238) (51 890) (55 018) Non-controlling interests - 1-3 Basic and diluted earnings per share (in USD) 5.7 (17,44) (116,96) (182,61) (193,61) The notes are an integral part of these condensed interim consolidated financial statements 1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 2015 2014 Loss for the period (51 890) (55 015) Other comprehensive income: Items that will not be reclassified to profit or loss Actuarial gains/(losses) on post-employment benefit plans 4 975 (10 434) Tax effects (584) 1 254 Items that will not be reclassified to profit or loss 4 391 (9 180) Items that may be reclassified to profit or loss Net change in foreign currency translation adjustments 17 536 37 944 Items that may be reclassified to profit or loss 17 536 37 944 Total other comprehensive income for the period, net of tax 21 927 28 764 Total comprehensive income for the period (29 963) (26 251) Attributable to: i) Owners of the parent (29 963) (26 255) ii) Non-controlling interests - 4 The notes are an integral part of these condensed interim consolidated financial statements. 2

CONSOLIDATED BALANCE SHEETS - ASSETS At September 30, At December 31, Note 2015 2014 Non-current assets Goodwill 6.1 115 562 115 845 Intangible assets 6.2 97 366 107 275 Property, plant and equipment 6.2 439 815 474 214 Deferred tax assets 16 468 21 400 Investments in associates 991 566 Other financial assets 6.3 7 640 7 458 Total non-current assets 677 842 726 758 Current assets Inventories 6.4 143 152 154 381 Trade and other receivables 6.5 218 239 225 945 Cash and cash equivalents 6.6 96 035 73 765 Assets held for sale 6.13 1 316 1 425 Total current assets 458 742 455 516 Total assets 1 136 584 1 182 274 The notes are an integral part of these condensed interim consolidated financial statements. 3

CONSOLIDATED BALANCE SHEETS - EQUITY AND LIABILITIES At September 30, At December 31, Note 2015 2014 Equity Capital stock 6.7 373 373 Additional paid-in capital 14 977 15 841 Retained earnings and other components of equity (59 885) (7 995) Other comprehensive income 15 129 (6 798) Equity excluding non-controlling interests (29 406) 1 421 Non-controlling interests - - Total equity (29 406) 1 421 Non-current liabilities Borrowings 6.8 686 232 652 103 Deferred tax liabilities 43 768 47 124 Pensions and other post-employment benefit obligations 6.9 58 790 67 179 Other long-term employee benefit obligations 6.9 6 402 6 895 Termination benefits 6.9 1 624 1 976 Non-current provisions 6.10 1 748 1 693 Other non-current financial liabilities 6.11 566 1 171 Total non-current liabilities 799 130 778 141 Current liabilities Borrowings 6.8 61 717 91 502 Other current financial liabilities 6.11 1 109 3 651 Trade and other payables 6.12 288 420 290 545 Income taxes payable 10 786 9 976 Current provisions 6.10 4 828 7 038 Total current liabilities 366 860 402 712 Total liabilities 1 165 990 1 180 853 Total equity and liabilities 1 136 584 1 182 274 The notes are an integral part of these condensed interim consolidated financial statements. 4

CONSOLIDATED STATEMENTS OF CASH FLOWS Third quarter Nine month Period 2015 2014 2015 2014 Loss for the period (4 957) (33 237) (51 890) (55 015) Adjustments for : Share of profit of associates (73) (235) (425) (454) Income tax expense recognized in profit or loss 4 452 (697) 11 726 5 703 Net finance costs 12 875 47 510 82 059 96 258 Depreciation and amortization 19 802 20 253 58 855 58 048 Use of government grant (1) 11 (2 400) (1 593) (6 649) Net (gain)/loss on disposal of assets 92 (43) 1 415 680 Movements in working capital (2) (6 431) 4 240 4 975 (21 562) Movements in working capital - inventories 3 012 6 939 (13) (10 592) Movements in working capital - receivables 1 862 27 796 (13 596) (18 926) Movements in working capital - payables (11 305) (30 495) 18 585 7 956 Change in provisions 254 239 (404) (8 370) Income taxes paid (5 623) (4 015) (8 145) (11 819) Cash flow from operating activities 20 402 31 615 96 574 56 820 Acquisitions of assets (15 448) (19 883) (45 484) (69 413) Loans (advances)/repayments (3) (47) 367 (94) 4 851 Disposal of assets 101 2 514 514 3 034 Acquisition of subsidiary, net of cash acquired (78) 1 (93) 261 Dividend received from associates - - - - Other 529 12 956 449 13 109 Cash flow used in investing activities (14 943) (4 045) (44 708) (48 158) Cash flow from operating and investing activities 5 459 27 570 51 866 8 662 Loans issued (4) (2 821) 4 551 60 232 10 279 Factoring (8 586) (7 449) (34 334) 18 773 Repayment of loans (3 202) (5 398) (14 685) (13 441) Interest paid (2 122) (2 060) (30 993) (33 382) PECS redemption (classified in Equity) 70 - (864) (479) Cash flow from (used in) financing activities (16 661) (10 356) (20 644) (18 250) Net increase / (decrease) in cash and cash equivalents (11 202) 17 214 31 222 (9 590) Cash and cash equivalents at beginning of the period 107 058 59 115 67 728 86 022 Exchange gains/(losses) (1 645) (2 541) (4 739) (2 643) Cash and cash equivalents at end of the period 94 211 73 788 94 211 73 788 (1) Use of government grant is related to the Chinese government grant and reflects the portion recorded through the income statement as an income to offset expenses incurred during the period. This non-cash income is excluded from the cash flows from operating activities. (2) Movement in working capital is positively impacted by working capital initiatives (see note 6.8) (3) At end of September 2014 : Albéa received a lump sum of USD 4,6 million in cash as a total payment for all amounts that remained due by Rose HPC Bidco L.L.C. (4) September 2015 : On February 11, 2015, Albéa issued a fungible add-on to the existing bond in one tranche of euros 45 million maturing on November 1, 2019) (see note 3) The notes are an integral part of the condensed interim consolidated financial statements. 5

CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED) Free cash flow vs Cash flow from operating and investing activities Third quarter Nine month Period Period ended September 30, Period ended September 30, 2015 2015 Cash flow from operating and investing activities 5 459 51 866 Finance lease additions (991) (6 571) Interest paid (2 122) (30 993) Other (974) (3 750) Free cash Flow 1 372 10 552 The line other includes mainly realized forex losses for USD 1.7 million and PEC redemption for USD 0.9 million. 6

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY Attributable to owners of the parent Capital stock Additional paid-in capital Retained earnings Unrealized Cumulative gains translation (losses) adjustments Total Non controlling interest Total equity At December 31, 2013 373 16 789 62 265 (5 032) (36 365) 38 030 72 38 102 Loss for the period - - (70 541) - - (70 541) 4 (70 537) Other comprehensive income - - - (11 754) 46 509 34 755-34 755 Total comprehensive income - - (70 541) (11 754) 46 509 (35 786) 4 (35 782) Proceeds from shares issued - - - - - - PECS redemption - (948) - - - (948) - (948) Acquisition of NCI in Albéa Packaging Zhongshan Co Ltd - - (262) - (156) (418) (76) (494) Other - - 543 - - 543-543 At December 31, 2014 373 15 841 (7 995) (16 786) 9 988 1 421-1 421 Loss for the period - - (51 890) - - (51 890) - (51 890) Other comprehensive income - - - 4 391 17 536 21 927-21 927 Total comprehensive income - - (51 890) 4 391 17 536 (29 963) - (29 963) PECS redemption - (864) - - - (864) - (864) At September 30, 2015 373 14 977 (59 885) (12 395) 27 524 (29 406) - (29 406) The notes are an integral part of the condensed interim consolidated financial statements. In nine month period ended September 30, 2015, Preferred Equity Certificate were redeemed for USD 1.7 million (impact of USD 0.91 million in Borrowings and USD 0.86 million in Equity). 7

Notes to the condensed interim consolidated financial statements Condensed interim consolidated financial statements Consolidated Balance Sheet Consolidated income statements Note 6 Notes to the balance sheet Consolidated statements of comprehensive income Note 6.1 Goodwill Consolidated balance sheets - assets Note 6.2 Intangible assets and Property, plant Consolidated balance sheets - equity and liabilities and equipment Consolidated statements of cash flows Note 6.3 Other financial assets Consolidated statements of changes in equity Note 6.4 Inventories Note 6.5 Trade and other receivables Note 6.6 Cash and cash equivalents General information Note 6.7 Capital stock Note 6.8 Borrowings Note 1 General information Note 6.9 Pensions and other LT benefits obligations Note 2 Accounting policies Note 6.10 Provisions Note 3 Other information Note 6.11 Other financial liabilities Note 4 Segment reporting Note 6.12 Trade and other payables Note 6.13 Assets held for sales Consolidated Income Statement Additional disclosures Note 5 Notes to the income statement Note 7 Related parties Note 5.1 Revenue Note 8 Subsequent events Note 5.2 Note 5.3 Note 5.4 Note 5.5 Note 5.6 Note 5.7 Cost of sales Selling and administrative expenses Restructuring and project costs Other income/(expense) Net finance costs Earnings per share 8

NOTE 1 GENERAL INFORMATION 1.1. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS These notes are an integral part of the condensed interim consolidated financial statements for the nine-month periods ended September 30, 2015 and September 30, 2014. 1.2. GENERAL INFORMATION Albéa Beauty Holdings S.A. (the Company ) is domiciled in Luxembourg and registered in the Luxembourg Trade and Companies Registry (Registre du Commerce et des Sociétés de Luxembourg) under number B 162 078 and is an affiliate of Sun Capital Partners V LP. The Company and the subsidiaries included in the scope of consolidation constitute Albéa Group ( Albéa ). The Group was created by Sun Capital after the acquisition of the Beauty Packaging business from Rio Tinto Alcan on July 2, 2010. The Group was created by Sun Capital after the acquisition of the Beauty Packaging business from Rio Tinto Alcan on July 2, 2010. On December 31, 2012, Albéa completed the acquisition 100% of Rexam Personal Care, a leading producer of dispensing systems and make-up packaging for the Cosmetics and Personal Care markets. Albéa Beauty Holdings S.A., the bond issuer, is held by Albéa S.A. via another holding company. These three entities except financing and holding activities did not carry out any operating activities in the period ended September 30, 2015. Albéa is one of the world s leading producers of plastic packaging products for the beauty and cosmetics industry, providing a wide range of solutions for the make-up, fragrance, skincare, personal and oral care markets. The operational headquarters of Albéa are located in Gennevilliers, France. Albéa employs about 16 000 people and operates 38 manufacturing facilities in 14 different countries across Europe, the Americas and Asia. The consolidated financial statements are presented in thousands of US dollars and all values are rounded to the nearest thousand ( 000) except where otherwise indicated. 9

NOTE 2 ACCOUNTING POLICIES The accounting policies and practices applied are the same as those applied for the consolidated financial statements for the year ended December 31, 2014. 2.1. STATEMENT OF COMPLIANCE Albéa s condensed interim consolidated financial statements are prepared in accordance with IAS 34 Interim Financial Reporting. They do not contain all the disclosures required for annual consolidated financial statements and should therefore be read in conjunction with the Group s annual consolidated financial statements for the year ended December 31, 2014, prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted for use in the European Union. 2.2. BASIS OF PREPARATION 2.2.1. General principle The preparation of condensed interim financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying Albéa s accounting policies. The areas involving a higher degree of judgment or complexity or areas where assumptions and estimates are significant to the condensed interim consolidated financial statements are disclosed in Note 2.2.4. The condensed interim consolidated financial statements have been prepared under the historical cost convention as modified by revaluation at fair value of the underlying assets and liabilities of acquired subsidiaries at the date when the control was achieved. 2.2.2. New standards, interpretations and amendments that may be applied early for financial years beginning on or after January 1, 2015 Amendments to IAS 1- Disclosure Initiative Amendments to IFRS 10, IFRS 12 and IAS 28 Investment Entities : applying the Consolidation Exception Amendments to IFRS 11 Accounting for Acquisitions of Interest in Joint Operations Amendments to IAS 16 and IAS 38 Clarification of Acceptable Methods of Depreciation and Amortization The Group is currently conducting analysis on the practical consequences of these new regulations and the effects of their implementation on the financial statements. 10

2.2. BASIS OF PREPARATION (CONTINUED) 2.2.3. Standards, interpretations and amendments that may be applied early for financial years beginning on or after January 1, 2015 IFRS 9 Financial instruments; 1-2 Change in scope of consolidation IFRS 14 Regulatory Deferral Accounts IFRS 15 Revenue from Contracts with Customers Amendments to IAS 27 - Consolidated and Separate financial statements. 2.2.3. Accounting estimates and judgments The preparation of condensed interim consolidated financial statements requires management to exercise its judgment and make estimates and assumptions. These estimates and underlying assumptions are based on past experience and other factors considered reasonable under the circumstances. They serve as the basis for any judgment required for determining the carrying amounts of assets and liabilities when such amounts cannot be obtained directly from other sources. Actual amounts may differ from these estimates. The main sources of uncertainty relating to estimates used to prepare the condensed interim consolidated financial statements were the same as those described in the full year annual consolidated financial statements for the year ended December 31, 2014, with the exception of changes in estimates that are required in determining the provision for income taxes. 11

2.2. BASIS OF PREPARATION (CONTINUED) 2.2.4. Specific items concerning the preparation of interim financial statements For the purposes of preparing the Group s condensed interim consolidated financial statements, the following calculations and estimates are applied in addition to the recognition, measurement and presentation rules described in Note 2.2.1. - The current and deferred tax expense for the period is calculated by applying the estimated average annual tax rate for the current fiscal year to pre-tax income for the first six months of the year. The estimate average annual tax rate results from taxes on income accrued at the level of each entity of the group, using the tax rate that would be applicable to expected total annual profit or loss. - Expenses relating to pensions and other post-employment benefit obligations are estimated based on the prorata amount expected for the full year, except where specific events (such as a significant change in the discount rate) occur having a material impact on the consolidated financial statements, in which case adjustments are made. During the six-month period ended September 30, 2015, the discount rate increased from 1.55% to 2.08% with an negative impact of USD 5 million in other comprehensive income and USD 0.3 million in profit and loss for Germany and France. 2.2.5. Seasonality The Group s performance is not affected by significant cyclical factors. 12

NOTE 3 OTHER INFORMATION TAP ISSUE On February 11, 2015, Albéa issued a fungible add-on to the existing bond in one tranche of euros 45 million maturing on November 1, 2019 (same guarantors and security as for the initial issuance). 13

NOTE 4 SEGMENT REPORTING As described below, Albéa has two operating segments, and reports the corporate costs not allocated to either of these two segments in the Corporate category: Tubes: laminate and plastic tubes for the oral care and cosmetics industry and dispensing system for Tubes Cosmetic Rigid Plastic (CRP): skincare caps, lipstick, compacts, mascara, trading activities and dispending system for Fragrance and cosmetic Corporate: Holding & Corporate costs not allocated to the two operating segments Albéa also presents data based on three geographical market, consisting of its three main geographic markets: Europe, Americas (of which North America - includes US and Mexican activities - and South America) and Asian countries (of which China and South Asia). The Adjusted EBITDA is defined as operating profit before depreciation & amortization, restructuring costs and severance costs, non-recurring fees, shareholders management fees, separation costs from Rexam, acquisitions and integration costs, other compensation and termination benefits, unrealized foreign exchange gains [losses], gains [losses] on disposals, impairment, bargain purchase gain. Operating segments are reported in a manner which is consistent with the internal reporting provided to Chief Operating Decision Maker. The Chief Operating Decision Maker, who is responsible for allocating resources and assessing the performance of the operating segments, has been identified as the executive committee that assess performance and allocates resources. 14

ADJUSTED EBITDA BRIDGE Third Quarter Nine-month Period 2015 2014 2015 2014 Operating Profit 12 297 13 341 41 470 46 492 Depreciation/amortization 19 892 19 901 59 561 57 332 Restructuring & project costs 5 160 7 072 13 415 20 737 Others 3 298 1 573 4 269 3 357 Adjusted EBITDA 40 647 41 887 118 715 127 918 The detail of the others is the following : Third Quarter Nine-month Period 2015 2014 2015 2014 SUN management fees 1 061 1 028 3 178 2 887 Impairment 11 108 (56) 85 Gains (losses) on disposals 92 (32) 1 415 605 Unrealized foreign exchange gains (losses) on working capital 2 078 339 (378) (382) Inventory step-up release (purchase price allocation) - - - - Other 56 130 110 162 Others 3 298 1 573 4 269 3 357 15

4.1. SEGMENT REPORTING As at September 30, 2015 Third Quarter 2015 Nine month period TUBES CRP Corporate Consolidated TUBES CRP Corporate Consolidated Segment revenue 144 443 206 734-351 177 438 335 626 742-1 065 077 Adjusted EBITDA 18 386 23 880-1 620 40 646 57 380 64 278-2 945 118 713 Depreciation/amortization (6 334) (13 021) (537) (19 892) (19 329) (38 532) (1 700) (59 561) Restructuring and projects costs (606) (305) (4 250) (5 161) (1 685) (4 974) (6 756) (13 415) Others (1) (2 534) (3 644) 2 882 (3 296) (7 221) (5 607) 8 560 (4 268) Operating Profit 8 912 6 910 (3 525) 12 297 29 145 15 165 (2 841) 41 469 Segment assets (2) 222 349 481 614 21 751 725 714 222 349 481 614 21 751 725 714 Capital expenditure of the period (6 998) (8 247) (202) (15 447) (20 262) (24 833) (389) (45 484) (1) See Adjusted EBITDA Bridge. The Other for the corporate includes mainly management fees recharged to the other segments. (2) Segment assets are reconciled with the balance sheet as follows : At September 30, 2015 TUBES CRP Corporate Consolidated Non current assets (*) 182 189 450 160 20 394 652 743 Inventories, net 48 207 94 945 143 152 WC - Receivables 92 059 107 053 19 127 218 239 WC - Payables (100 106) (170 544) (17 770) (288 420) Segment assets 222 349 481 614 21 751 725 714 (*) Intangibles & tangibles assets, net and goodwill 16

4.1. SEGMENT REPORTING (CONTINUED) As at September 30, 2014 Third Quarter 2014 Nine month period 2014 TUBES CRP Corporate Consolidated TUBES CRP Corporate Consolidated Segment revenue 161 272 228 665-389 937 497 073 711 136-1 208 209 Adjusted EBITDA 20 167 22 239 (519) 41 887 62 077 73 374 (7 534) 127 917 Depreciation/amortization (6 902) (12 535) (464) (19 901) (20 384) (35 286) (1 662) (57 332) Restructuring and projects costs (1 072) (3 566) (2 434) (7 072) (2 275) (11 360) (7 102) (20 737) Others (1) (1 314) (3 529) 3 270 (1 573) (3 263) (9 951) 9 857 (3 357) Operating Profit 10 879 2 609 (147) 13 341 36 155 16 777 (6 441) 46 491 Capital expenditure of the period (5 651) (18 428) 4 196 (19 883) (24 790) (42 422) (2 201) (69 413) (1) See Adjusted EBITDA Bridge. The Other for the corporate includes mainly management fees recharged to the other segments. (2) Segment assets are reconciled with the balance sheet as follows: At December 31, 2014 TUBES CRP Corporate Consolidated Non current assets (*) 189 096 485 961 22 277 697 334 Inventories, net 47 599 109 760 (2 978) 154 381 WC - Receivables 83 851 144 740 (2 646) 225 945 WC - Payables (100 367) (170 753) (19 425) (290 545) Segment assets 220 179 569 708 (2 772) 787 115 (*) Intangibles & tangibles assets, net and goodwill 17

4.2. GEOGRAPHICAL INFORMATION As at September 30, 2015 Third Quarter 2015 Nine month period Europe America Asia Corporate Consolidated Europe America Asia Corporate Consolidated Revenue 154 735 137 330 59 113 (1) 351 177 485 359 402 162 177 557 (1) 1 065 077 Adjusted EBITDA 15 085 21 137 6 045 (1 621) 40 646 50 084 55 111 16 464 (2 946) 118 713 Depreciation/amortization (7 633) (5 458) (3 244) (3 557) (19 892) (23 148) (16 419) (9 233) (10 761) (59 561) Restructuring and projects costs (772) 27 (167) (4 249) (5 161) (3 871) (618) (2 170) (6 756) (13 415) Others (1) (1 589) (2 726) (1 863) 2 881 (3 297) (3 627) (4 898) (4 303) 8 559 (4 269) Operating Profit 5 091 12 980 771 (6 546) 12 296 19 438 33 176 758 (11 904) 41 468 Geographical assets (2) 230 761 173 624 109 392 211 937 725 714 230 761 173 624 109 392 211 937 725 714 Capital expenditure of the period (5 471) (6 142) (3 631) (203) (15 447) (20 124) (16 606) (8 365) (389) (45 484) Of which : Third Quarter 2015 Nine month period America SALES Adjusted EBITDA SALES Adjusted EBITDA North America 115 169 17 521 338 696 46 560 South America 22 161 3 617 63 466 8 552 Total America 137 330 21 138 402 162 55 112 Asia SALES Adjusted EBITDA SALES Adjusted EBITDA China 38 258 2 297 110 988 4 397 South Asia 20 854 3 748 66 568 12 067 Total Asia 59 112 6 045 177 556 16 464 (1) See Adjusted EBITDA Bridge. (2) Geographical assets are reconciled with the balance sheet as follows: At September 30, 2015 Europe America Asia Corporate Consolidated Non current assets (*) 215 192 133 238 92 451 211 862 652 743 Inventories, net 67 715 49 250 26 186 143 151 WC - Receivables 86 288 76 253 37 853 17 846 218 240 WC - Payables (138 434) (85 117) (47 098) (17 771) (288 420) Geographical assets 230 761 173 624 109 392 211 937 725 714 (*) Intangibles & tangibles assets, net and goodwill 18

4.2. GEOGRAPHICAL INFORMATION (CONTINUED) As at September 30, 2014 Third Quarter 2014 Nine month 2014 Europe America Asia Corporate Consolidated Europe America Asia Corporate Consolidated Revenue 189 997 138 833 61 107-389 937 600 449 428 388 179 372-1 208 209 Adjusted EBITDA 18 744 16 751 6 911 (519) 41 887 63 241 53 946 18 265 (7 535) 127 917 Depreciation/amortization (9 443) (5 143) (1 829) (3 486) (19 901) (25 184) (15 977) (5 447) (10 724) (57 332) Restructuring and projects costs (3 464) (774) (402) (2 432) (7 072) (8 206) (2 740) (2 691) (7 100) (20 737) Others (1) (991) (2 734) (1 118) 3 270 (1 573) (1 958) (4 913) (4 416) 7 930 (3 357) Operating Profit 4 846 8 100 3 562 (3 167) 13 341 27 893 30 316 5 711 (17 429) 46 491 Capital expenditure of the period (8 587) (5 726) (9 766) 4 196 (19 883) (32 791) (19 589) (14 832) (2 201) (69 413) Of which : Third Quarter 2014 Nine month 2014 America SALES Adjusted EBITDA SALES Adjusted EBITDA North America 107 321 10 793 339 627 39 839 South America 31 512 5 958 88 761 14 107 Total America 138 833 16 751 428 388 53 946 Asia SALES Adjusted EBITDA SALES Adjusted EBITDA China 38 601 2 978 110 661 7 488 South Asia 22 507 3 933 68 711 10 777 Total Asia 61 108 6 911 179 372 18 265 (1) See Adjusted EBITDA Bridge. (2) Geographical assets are reconciled with the balance sheet as follows: (*) Intangibles & tangibles assets, net and goodwill 19

NOTE 5 NOTES TO THE INCOME STATEMENT 5.1. REVENUE Revenue represents sales of goods deriving from Albéa s main activities, net of value added tax (VAT). The breakdown of revenue by segment and by geography is presented in Note 4. 5.2. COST OF SALES Third quarter Nine Month Period 2015 2014 2015 2014 Employee benefit expenses - COGS (72 500) (82 214) (227 798) (261 918) Depreciation production assets - COGS (15 412) (15 281) (45 706) (43 678) Other expenses (199 587) (221 540) (600 582) (676 175) Total cost of sales (287 499) (319 035) (874 086) (981 771) Other expenses can be broken down as follows: Third quarter Nine Month Period 2015 2014 2015 2014 Raw materials and components (resins, film, inks, purchase for resale, etc.) (140 362) (156 136) (429 450) (477 750) Other production consumables, energy and utilities (12 913) (15 014) (38 926) (44 811) Freight out costs (7 466) (8 016) (22 375) (25 670) Other costs (repairs, maintenance, services, etc.) (38 846) (42 374) (109 831) (127 944) Total other expenses (from Costs of sales) (199 587) (221 540) (600 582) (676 175) 20

5.3 SELLING AND ADMINISTRATIVE EXPENSES Third quarter Nine Month Period 2015 2014 2015 2014 Employee benefit expenses - SAE (26 374) (27 346) (78 093) (88 730) Depreciation and amortization - SAE (1 274) (1 291) (3 911) (3 880) Other expenses - SAE (12 796) (17 554) (41 184) (54 873) Total selling and administrative expenses (40 444) (46 191) (123 188) (147 483) Other expenses for the period ended September 30, 2015 include mainly : - External costs (mainly operational consulting and advisory fees): IT costs (USD 6.5 million), Finance USD (5.2 million) and Human Resources (USD 3.4 million) - Selling cost for USD (5.2 million) - Rental costs for USD (2.7 million) 5.4. RESTRUCTURING AND PROJECT COSTS Third Quarter Nine Month Period 2015 2014 2015 2014 Allowances / reversal of Restructuring provisions (non cash) (272) (1 438) (1 795) (2 902) Other costs for the year - Restructuring (4 888) (5 634) (11 620) (17 835) Total restructuring and project costs (5 160) (7 072) (13 415) (20 737) For the period ended September 30, 2015, the main components of restructuring and projects net costs were as follows: - USD (5.5) million, severance costs - USD (3.3) million, non-recurring and non-core business fees - USD (4.6) million, other cost linked to non-recurring projects At 30 September 2014, the main components of restructuring and projects net costs are as follows: - USD (5.7) million, project costs linked to footprint optimization - USD (3.2) million, severance costs - USD (4.2) million, integration/separation costs from Rexam - USD (4.1) million, capital structure change costs (mainly fees) - USD (3.5) million, other non-operational costs 21

5.5. OTHER INCOME (EXPENSE) Third quarter Nine Month Period 2015 2014 2015 2014 Sun management fees (1 061) (1 028) (3 178) (2 887) Intangible assets depreciation (*) (3 094) (3 094) (9 283) (9 283) Gains (losses) on disposals (92) 32 (1 415) (605) Unrealized forex gains (losses) on working capital (2 078) (339) 378 382 Other - OIE 559 239 524 752 Total other income/(expense) (5 766) (4 190) (12 974) (11 641) (*) See note 3.1 in the Group s annual consolidated financial statements for the year ended December 31, 2014 22

5.6. NET FINANCE COSTS Third quarter Nine Month Period Breakdown of Financial result 2015 2014 2015 2014 Cost of net debt (15 808) (47 124) (85 669) (83 200) Interest costs on net debt (15 710) (15 928) (47 418) (46 890) Amortized costs (786) (776) (2 659) (2 271) Realized foreign exchange losses on net debt (675) 387 (1 754) (1 939) Unrealized foreign exchange losses on net debt 1 363 (30 807) (33 838) (32 100) Other financial expense (906) (386) (1 954) (13 270) Impairment of the loan granted to Rose HPC Bidco LLC - - - (10 772) Interest costs on pensions (407) (624) (1 290) (2 086) Actuarial losses on other benefit obligations - - - (448) Other financial expense (499) 238 (664) 36 Financial expense (16 714) (47 510) (87 623) (96 470) Other financial income Actuarial gains on other benefit obligations 303 - Unrealized foreign exchange gains on net debt - - - - Other financial income 3 839-5 261 212 Financial income 3 839-5 564 212 Net finance costs (12 875) (47 510) (82 059) (96 258) Interest costs on net debt are mainly due to the Bonds USD 41.7 million. The unrealized foreign exchange losses on the net debt as at 30 September 2015 are also linked to the Bonds (USD 28.5 million) and losses on Brazilian borrowing for a total of USD 33.8 million. This is a non-cash item linked to the translation of USD bonds held by a subsidiary whose functional and reporting currency is euro. Other financial income at the end of September USD 5,2 million is mainly due to non-cash hedge fair value variation for USD 4.1 million on Brazilian swap on borrowing. This income is compensated by unrealized foreign exchange losses on net debt. 5.7. EARNINGS PER SHARE Third quarter Nine Month Period Number of shares: 2015 2014 2015 2014 Weighted average number of ordinary shares in issue 284 161 284 161 284 161 284 161 Net profit: Net profit attribuable to owners of the group (in thousands of USD) (4 957) (33 238) (51 890) (55 015) Basic and diluted earnings per share (in USD) (17,44) (116,97) (182,61) (193,61) 23

NOTE 6 NOTES TO THE BALANCE SHEET 6.1. GOODWILL At September 30, At December 31, 2015 2014 Betts (1) 11 670 11 953 Rexam PC (2) 103 892 103 892 Goodwill 115 562 115 845 (1) The change in the Betts goodwill amount is entirely due to an exchange rate variation 6.2. INTANGIBLE ASSETS AND PROPERTY, PLANT AND EQUIPMENT Intangible assets Land Buildings Machinery and Equipment Other Construction tangible in progress assets Property, Plant and Equipment At December 31, 2014 107 275 19 122 123 060 278 638 4 599 48 795 474 214 Additions under finance lease - - - 6 571 - - 6 571 Other additions 92-2 630 10 193 383 33 001 46 207 Disposals and write-offs 5 (10) (50) (2 226) (39) 387 (1 938) Depreciation and amortization (10 967) (425) (8 560) (37 256) (1 764) 73 (47 932) Impairment charges - 10-35 - - 45 Transfers in(out) from contructions in progress 1 547 - (1 239) 20 448 1 771 (19 433) 1 547 Foreign exchange difference and other (586) (828) (8 144) (20 872) (446) (8 609) (38 899) At September 30, 2015 97 366 17 869 107 697 255 531 4 504 54 214 439 815 6.3. OTHER FINANCIAL ASSETS It includes mainly deposits, employee loans and non-consolidated investments. At September 30, At December 31, 2015 2014 Deposits 4 034 3 877 Employee loans (from French "1% logement") 2 979 3 102 Other non-current assets 626 479 Total other financial assets 7 640 7 458 24

6.4. INVENTORIES At September 30, At December 31, 2015 2014 Work in Progress 36 930 34 163 Finished goods 51 332 64 493 Raw Materials 70 626 73 404 Provision / Impairment on Inventories (15 736) (17 679) Total inventories 143 152 154 381 The amounts shown above include provisions and the elimination of the intercompany margin in finished goods inventory for Albéa entities. 6.5. TRADE AND OTHER RECEIVABLES At September 30, At December 31, 2015 2014 Trade receivables, gross 150 146 151 758 Less : impairment (2 864) (3 094) Trade receivables, net 147 282 148 664 Operating Working Capital - assets 48 105 43 689 Non-operating Working Capital - assets 22 852 33 592 Other debtors 70 957 77 281 Total Trade receivables and other debtors 218 239 225 945 Due to their short-term maturities, the fair value of Trade receivables and other is close to its carrying amount. None of Albéa s trade receivables is interest bearing. 6.6. CASH AND CASH EQUIVALENTS Cash and cash equivalents comprise cash in bank accounts and on hand, short-term deposits held on call with banks and highly liquid investments that are readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value, less bank overdrafts that are repayable on demand. Bank overdrafts are included in current borrowings. At September 30, At December 31, 2015 2014 Cash in bank accounts and on hand 90 948 68 008 Short-term bank deposits and investments 5 087 5 757 Cash and cash equivalents 96 035 73 765 Less: Bank overdrafts repayable on demand (1 824) (6 037) Net Cash and cash equivalents 94 211 67 728 Net cash and cash equivalents include USD 26.5 million of cash from some subsidiaries which is not immediately available at group level. 25

6.7. CAPITAL STOCK The capital of Albéa Beauty Holdings S.A. amounts to EUR 284 161. 6.8. BORROWINGS Changes in borrowings during the period: Asset Based Lending / Factoring PEC - Preferred Equity Bonds, net (1) Finance lease liabilities Other borrowings At December 31, 2014 51 056 910 610 169 41 138 40 332 743 605 New finance lease obligations - - - 6 472-6 472 Proceeds from loans other than lease obligations - - 51 089-15 200 66 289 Repayment of loans - (910) - (6 553) (8 132) (15 595) Factoring (34 334) - - - - (34 334) Accrued interests - - - - 16 526 16 526 Amortization of arrangement fees - - 978 - - 978 Proceeds from / (repayment of) bank overdrafts - - - - (3 729) (3 729) Acquisition / Divestitures - - - - - - Borrowings reclassified as liabilities held for sale - - - - - - Exchange differences (including Swap faire value) (3 116) - (17 986) (3 046) (8 023) (32 171) Other (103) - (1) - 13 (91) At september 30, 2015 13 503-644 249 38 011 52 187 747 950 Total (1) Bonds, net of amortized financing fees (USD 16,9 million) In the nine-month period ended September 30, 2015, Preferred Equity Certificate were redeemed for USD 0.9 million. Asset Based Lending / Factoring : Transferred assets under these factoring arrangements are Trade receivables for the Credit Agricole Leasing Factoring / Eurofactor European arrangement and Hong-Kong arrangement, and Trade receivables and Inventories for the ABL US arrangement. In accordance with IAS 39.30, these transferred assets are not derecognized in the financial statements as Albéa is still considered as "continuing involved" in the recoverability of these assets. When risk and rewards attached to receivables are transferred, the assets are not anymore recognized (USD 52.3 million as at September 30, 2015 net of deposit). 26

6.8. BORROWINGS (CONTINUED) Net debt At September 30, At December 31, 2015 2014 Asset Based Lending / Factoring 13 503 51 056 PEC - Preferred Equity Certificates - 910 Bonds, net 644 249 610 169 Finance lease liabilities 38 011 41 138 Other (excluding bank facilities and bank overdraft) 50 363 34 295 Borrowings excluding bank facilities and bank overdraft (A) 746 126 737 568 Short-term bank deposits and investments 5 087 5 757 Cash in bank accounts and on hand 90 948 68 008 Bank facilities and bank overdraft (1 824) (6 037) Net Cash and cash equivalents (B) 94 211 67 728 Net Debt (A) - (B) 651 915 669 840 The maturity of the borrowings is the following: At September 30, 2015 Less than one year Between 1 and 3 years Between 3 and 5 years More than five years Asset Base Landing / Factoring 13 503 - - - 13 503 PEC - Preferred Equity Certificates - - - - - Bonds - - 660 478-660 478 Finance lease liabilities 8 871 14 628 3 815 10 697 38 011 Others 41 713 10 473 - - 52 186 Gross borrowings 64 087 25 101 664 293 10 697 764 178 Less: Amortized financing fees (2 370) (9 407) (4 451) 0 (16 228) Borrowings 61 717 15 694 659 842 10 697 747 950 Total 27

6.9. PENSIONS AND OTHER LONG-TERM EMPLOYEE BENEFITS OBLIGATIONS Pensions Other long-term employee benefit obligations Termination benefits At December 31, 2014 67 179 6 895 1 976 76 050 Current service costs 1 958 259-2 217 Interest costs 1 169 121-1 290 Benefits paid (1 326) (105) (202) (1 633) Change in exchange variation (5 216) (464) (149) (5 829) Actuarial gains and losses on benefit obligations (4 974) (303) - (5 277) At September 30, 2015 58 790 6 402 1 624 66 816 Total Net decrease of Pension provision is mainly due to the downward trend of discount rate in 2015 see above note 2.2.4 28

6.10. PROVISIONS (Excluding pension and OPEB) At December 31, 2014 Allowances Reversals of provisions used Reversals of provisions not used Foreign exchange impact Other At September 30, 2015 Restructuring 5 018 2 398 (2 719) (604) (427) (530) 3 137 Other provisions for risks and contingencies 3 713 828 (724) (169) (284) 82 3 440 Total Provisions 8 731 3 226 (3 443) (773) (711) (448) 6 577 of which current - Provision 16 380 4 828 of which non current - Provision 3 512 1 748 The provision for restructuring mainly includes restructuring plan launches in several sites. Provisions for litigation and claims were recognized for all litigations (commercial, employee, and tax-related) identified at September 30, 2015. 6.11. OTHER FINANCIAL LIABILITIES At September 30, 2015, the current and non-current liabilities includes mainly : USD 1.6 million (USD 1.1 current million and USD 0.6 million non-current) : remaining deferred revenue related to the Chinese government grant. USD 19.0 million have been reversed in profit and loss as a proceed on the buildings and USD 28.4 million have been used by Albéa to compensate the relocation expenditures incurred since 2013. 6.12. TRADE AND OTHER PAYABLES At September 30, At December 31, 2015 2014 Trade payables 149 681 152 532 Other payables 72 888 74 734 Employee payables 65 851 63 279 Total Trade and other payables 288 420 290 545 29

6.13. ASSEST HELD FOR SALES At September 2015, it s includes only buildings in France in Menehould for USD 1.3 million, same as last year, variation is only due to foreign exchange. NOTE 7 RELATED PARTIES Related parties transactions include : - The PEC and CPEC Debt component issued in 2010 and 2012 and associated interest cost with entities controlled by Sun Capital (see note 6.10 borrowings and other financial liabilities in the Group s annual consolidated financial statements for the year ended December 31, 2014); - Management fees invoiced by Sun Capital Partners Management V, LLC for an amount of USD 3.1 million. NOTE 8 SUBSEQUENT EVENTS To the best of management s knowledge, there is no significant event that occurred since September 30, 2015, which would materially impact the interim condensed consolidated financial statements. 30