DERICHEBOURG - Universal registration document 2018-2019

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Financial statements Parent company financial statements as at September 30, 2019

Responsibilities of the Statutory Auditors related to the audit of the annual financial statements Purpose of audit and approach

It is our responsibility to prepare a report on the annual financial statements. Our objective is to obtain reasonable assurance that the financial statements taken as a whole do not contain any material misstatements. Reasonable assurance corresponds to a high level of assurance but does not guarantee that an audit performed in accordance with the standards of professional practice can systematically detect any material misstatements. Misstatements may arise from fraud or error and are considered significant where it can reasonably be expected that they, taken individually or cumulatively, may influence the economic decisions that users of the financial statements make based on them. As stated in Article L. 823-10-1 of the French Commercial Code, our mission to certify the financial statements does not consist of guaranteeing the viability or quality of the Company’s management. As part of an audit conducted in accordance with the professional standards applicable in France, a Statutory Auditor shall exercise his or her professional judgment throughout this audit. Moreover: it shall identify and assess the risks that the annual financial statements contain material misstatements, whether due to fraud or error, define and ● implement audit procedures to address those risks and collect information it considers sufficient and appropriate to form its opinion. The risk that a significant anomaly due to fraud will not be detected is higher than for a significant anomaly due to an error, as the fraud may involve collusion, falsification, voluntary omissions, misrepresentation or circumvention of internal controls; it shall review the internal controls relevant to the audit in order to define appropriate audit procedures under the circumstances, not to express an ● opinion on the effectiveness of the internal controls; it assesses the appropriateness of accounting methods used and the reasonableness of the accounting estimates made by management, as well as ● the information concerning them provided in the annual financial statements; it shall assess the appropriateness of management’s application of the going concern accounting convention and, depending on the evidence ● gathered, the existence or non-existence of significant uncertainty related to events or circumstances that may call into question the Company’s ability to continue as a going concern. Such assessment shall be based on the information gathered up to the date of its report, but it should be noted that subsequent circumstances or events could jeopardize the continuity of operations. If it concludes that there is a significant uncertainty, it shall draw the attention of its report’s readers to the information provided in the annual financial statements about this uncertainty or, if this information is not provided or is not relevant, it formulates a qualified certification or a refusal to certify; it shall assess the overall presentation of the annual financial statements and evaluate whether the annual financial statements reflect the ● underlying transactions and events in such a way as to give a true and fair view thereof. Report to the Audit Committee We are submitting to the Audit Committee a report that outlines the scope of the audit and the working program put in place, as well as the conclusions resulting from our work. We also disclose, where appropriate, the significant weaknesses in the internal controls that we have identified with respect to the procedures relating to the preparation and processing of accounting and financial information. Among the items disclosed in the report to the Audit Committee are the risks of material misstatement, which we deem to have been most significant for the audit of the annual financial statements for the year and, as a result, constitute the key points of the audit, which it is our responsibility to describe in this report. We also provide the Audit Committee with the declaration described in Article 6 of regulation (EU) No. 537-2014 confirming our independence, as described in the rules applicable in France as set forth in particular in Articles L. 822-10 to L. 822-14 of the French Commercial Code and the Code of ethics for the Statutory Auditor profession. As needed, we discuss with the Audit Committee the risks that may affect our independence and the safeguarding measures applied.

Paris and Paris-La Défense, December 9, 2019

The Statutory Auditors

BM&A

DENJEAN ET ASSOCIÉS AUDIT

ERNST & YOUNG Audit

Eric Seyvos

Thierry Denjean

Pierre Abily

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