TELEPERFORMANCE_Registration_document_2017

PARENT COMPANY FINANCIAL STATEMENTS

8.6 Statutory auditors’ report on the financial statements

8.6 Statutory auditors’ report on the financial statements This is a translation into English of the statutory auditors’ report on the financial statements of the Company issued in French and it is provided solely for the convenience of English speaking users. This statutory auditors’ report includes information required by European regulation and French law, such as information about the appointment of the statutory auditors or verification of the management report and other documents provided to shareholders. This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards applicable in France. For the year ended December 31 st , 2017. To the annual general meeting of Teleperformance SE, Opinion Justification of assessments - key audit matters

In accordance with the requirements of Articles L.823-9 and R.823-7 of the French Commercial Code ( Code de commerce ) relating to the justification of our assessments, we bring your attention to the key audit matter relating to risk of material misstatement that, in our professional judgment, was of most significance in our audit of the financial statements of the current period, as well as how we addressed this risk. This matter was addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon. We do not provide a separate opinion on specific items of the financial statements. Identified risk As of December 31 st , 2017 investments in subsidiaries were recorded in the balance sheet for a net carrying amount of €1,725 million, i.e. 53% of total assets. The company carries out impairment tests of its investments in subsidiaries at each reporting date. The recoverable amount of investments in subsidiaries is represented by their value in use. This is determined either on the basis of the company’s share of equity in each investment, possibly revalued, or on the basis of discounted future cash flows method adjusted for net debt. Future cash flows are determined over a 5 year period. Cash flows for the first three years are based on the three year plan prepared by the management of subsidiaries and approved by Group management. Cash flows for the following two years are derived from the three year plan on the basis of growth and profit rates considered reasonable for the related subsidiaries. Depending on the circumstances, the group can limit the use of cash flows over a three-year period. The terminal value is based on the cash flows of the last year and assumes perpetual growth rate equal to inflation. The 2017 impairment review has resulted in an impairment provision of €70 million on the investments in Teleperformance France. We considered the impairment of investments in subsidiaries to be a key audit matter considering the weight of these assets on the balance sheet, the importance of management’s judgments to determine the assumptions relating to cash flows forecasts, discount and long-term growth rates. Impairment of investments in subsidiaries (Notes 1.2 and 3b to the annual financial statements )

In compliance with the engagement entrusted to us by your annual general meeting, we have audited the accompanying financial statements of Teleperformance SE for the year ended December 31 st , 2017. In our opinion, the financial statements give a true and fair view of the assets and liabilities and of the financial position of the Company as at December 31 st , 2017 and of the results of its operations for the year then ended in accordance with French accounting principles. The audit opinion expressed above is consistent with our report to the audit and compliance committee. Audit Framework 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 opinion. Our responsibilities under those standards are further described in the Statutory Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. Independence We conducted our audit engagement in compliance with independence rules applicable to us, for the period from January 1 st , 2017 to the date of our report and specifically we did not provide any prohibited non-audit services referred to in Article 5-1 of Regulation (EU) No 537/2014 or in the French Code of ethics ( Code de déontologie ) for statutory auditors. Emphasis of matter Without qualifying the above opinion, we draw attention to the following matter described in Note 1.1 Accounting principles, rules and methods to the financial statements relating to a change in accounting method resulting from the first application of regulation 2015-05 issued by the ANC on July 2 nd , 2015 relating to derivative financial instruments and hedging operations. Basis for opinion

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