DERICHEBOURG - Universal registration document 2018-2019

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Financial statements Consolidated financial statements for the year ended September 30, 2019, in compliance with IFRS

Statutory Auditors' report on the consolidated financial statements 4.1.6

To the Derichebourg shareholders’ meeting,

Opinion In performance of the mission entrusted to us by your shareholders’ meetings, we have conducted an audit of the Derichebourg consolidated financial statements for the fiscal year ended September 30, 2019, as attached to this report. In our opinion, the consolidated financial statements for the fiscal year prepared in accordance with IFRS standards as adopted in the European Union give a true and fair view of the results of the profits, losses and transactions of the past fiscal year as well as the financial position and assets at

year-end of the group consisting of the persons and entities included in the consolidation. The opinion expressed above is consistent with the content of our report to the Audit Committee.

Basis of the opinion Auditing framework p We conducted our audit in accordance with professional standards applicable in France. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Our responsibilities under these standards are set out in the “Responsibilities of the Statutory Auditors in the auditing of the consolidated financial statements” section of this report. Independence p We conducted our audit mission in accordance with the independence rules applicable to us, from October 1, 2018 to the date of our report, and we did not in particular provide any services prohibited by Article 5 (1) of regulation (EU) No. 537/2014 or the code of ethics for the Statutory Auditor profession. Justification of our assessments – Key points of the audit In accordance with the provisions of Articles L. 823-9 and R. 823-7 of the French Commercial Code relating to the justification of our assessments, please note the key points of the audit relating to the risks of material misstatement, which, in our professional judgment, were the largest for the audit of the consolidated financial statements for the fiscal year, as well as the responses we provided to those risks. The assessments thus made fall within the context of the audit of the consolidated financial statements taken as a whole and the formation of our opinion expressed above. We do not express an opinion on items in these consolidated financial statements in isolation.

DERICHEBOURG p 2018/2019 Universal Registration Document 169