2021 Universal Registration Document

5 2021 CONSOLIDATED FINANCIAL STATEMENTS

Statutory Auditors’ report on the consolidated financial statements

Statutory Auditors’ report on the consolidated financial statements

Financial year ended 31 December 2021

To the General Meeting of Sopra Steria Group SA,

Given this complex and changing context and in accordance with the requirements of Articles L. 823-9 and R. 823-7 of the French Commercial Code relating to the justification of our assessments, we bring to your attention the key audit matters relating to the risks of material misstatement which, according to our professional judgment, were most significant for the audit of the consolidated financial statements for the financial year, as well as our responses to those risks. These matters were addressed in the context of our audit of the consolidated financial statements as a whole and in forming our opinion thereon. We do not provide a separate opinion on specific items of the consolidated financial statements. REVENUE RECOGNITION ON FIXED-PRICE CONTRACTS (Note 4.1 to the consolidated financial statements) RISK IDENTIFIED Sopra Steria Group, one of Europe’s key players in digital transformation, offers end-to-end, high-value-added services comprising consulting and systems integration, development of industry- and technology-specific solutions, IT infrastructure management, cybersecurity and business process services (BPS). The Group’s revenue to 31 December 2021 totalled €4.7 billion, a significant portion of which related to fixed-price contracts. Fixed-price contracts are characterised by commitments relating to the price, the end result and the deadline. As presented in Note 4.1 to the consolidated financial statements, revenue from services performed under fixed-price contracts is recognised over time (and not at a specific point in time) using the percentage-of-completion method in the following two situations: the services are performed in the customer’s environment or p enhance a customer’s asset. The customer obtains control as the asset is created or developed; the contract provides for the development of highly specific p assets in the Group’s environment (e.g. solutions) prior to implementation in the customer’s infrastructure. The contract also provides for settlement of the value of such services in the event of termination for convenience (where the customer is entitled to do so). The Group has no alternative use for the asset created and has an enforceable right to payment for performance completed to date. Revenue and profit generated over time from these services is recognised on the basis of a qualified estimate of the level of completion, measured as the difference between the contract value and the amount required to cover the total number of person-days remaining to be performed. We considered the recognition of revenue on fixed-price contracts as a key audit matter due to its significance in the Group’s financial statements and the level of judgment and estimation required by management to determine the revenue and income on completion from these contracts.

Opinion In compliance with the engagement entrusted to us by the shareholders at your General Meetings, we have audited the accompanying consolidated financial statements of Sopra Steria Group SA for the financial year ended 31 December 2021. We certify that the consolidated financial statements are, with respect to IFRS as adopted in the European Union, true and fair and provide an accurate view of the results of your Company’s operations for the financial year under review and of the financial position and assets and liabilities, at the end of the financial year, of the group formed by the persons and entities included in the scope of consolidation. The opinion expressed above is consistent with our report to the Audit Committee. AUDIT FRAMEWORK We performed our audit in accordance with the 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 section of this report entitled “Responsibilities of the Statutory Auditors relating to the audit of the consolidated financial statements”. INDEPENDENCE We performed our audit in accordance with the independence rules provided by the French Commercial Code and the French Code of Ethics for Statutory Auditors for the period from 1 January 2021 to the date our report was issued, and in particular we have not provided any services prohibited by Article 5, paragraph 1 of Regulation (EU) No. 537-2014. Justification of our assessments – Key audit matters Due to the global crisis related to the Covid-19 pandemic, the financial statements of this financial year have been prepared and audited under specific conditions. This crisis and the exceptional measures taken in the context of the public health emergency have had numerous consequences for companies, particularly on their operations and their financing, and have led to greater uncertainties on their future prospects. Some of these measures, such as restrictions on movement and remote working, have also had an impact on companies’ internal organisation and affected how audits are carried out. Basis for opinion

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SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2021

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