ASSYSTEM_Registration_Document_2017

FINANCIAL STATEMENTS 6 STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

DETERMINATION AND PRESENTATION OF THE CAPITAL GAIN Notes to the financial statements 1 and 2

Our response

Risks

We have examined the methodology applied by the Group for the purpose of determining the capital gain arising from the divestment and have conducted an assessment about its implementation. The other audit procedures which we carried out in connection with the determination and the presentation of the capital gain were notably as follows: ● assessing the compliance of the perimeter made of the GPS entities as determined by the Group with the sale transaction agreement; ● corroborating the main income and expense items included in the calculation of the capital gain, notably by tracing the sale consideration and the net asset disposed of with, respectively the corresponding contractual documentation and the consolidated data relating to the GPS entities as of 30 September 2017; ● assessing the correct inclusion of the income and expense items presented under the caption “Net result from divested operations” in consideration of the disposal transaction. Finally, we have assessed whether the note 2 “Significant events” to the consolidated financial statements provided an appropriate information.

On 28 September 2017, the Assystem Group divested its Global Product Solutions (GPS) business to an entity owned by the private equity fund Ardian for a consideration of 550 million of euros. In this context, the earnings generated from their operations by the entities belonging to the GPS division, for the period from 1st January to 28 September 2017, were shown under the line “Net result from divested operations” of the consolidated statement of profit or loss. This caption also includes the capital gain made on the sale of the GPS business, the costs directly associated with the divested business and the costs incurred in connection with the sale. As a result, the total profit shown by the Group on the line “Net result from divested operations” amounted to 391.3 million of euros for the full year ended 31 December 2017. We have considered the determination and the presentation of the capital gain arising from the sale of the GPS business as a key audit matter due to its materiality to the Group’s consolidated financial statements and to the importance given to this divestment in the Group’s external communication.

Verification of the Information Pertaining to the Group Presented in the Management Report As required by law, we have also verified in accordance with professional standards applicable in France the information pertaining to the Group presented in the management report of the Board of Directors. We have no matters to report as to its fair presentation and its consistency with the consolidated financial statements. Report on Other Legal and Regulatory Requirements APPOINTMENT OF THE STATUTORY AUDITOR We were appointed as statutory auditors of Assystem S.A. by the Annual General Meeting held on 26 August 1999 for Deloitte & Associés and on 30 April 2009 for KPMG. As at 31 December 2017, Deloitte & Associés and KPMG were in the nineteenth year and the ninth year of total uninterrupted engagement respectively. Responsibilities of Management and Those Charged with governance for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with International Financial Reporting Standards as adopted by the European Union and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless it is expected to liquidate the Company or to cease operations. The Audit Committee is responsible for monitoring the financial reporting process and the effectiveness of internal control and risk management systems and where applicable, its internal audit, regarding the accounting and financial reporting procedures. The consolidated financial statements were approved by the Board of Directors.

Statutory Auditors’ Responsibilities for the Audit of the Consolidated Financial Statements OBJECTIVE AND AUDIT APPROACH

Our role is to issue a report on the consolidated financial statements. Our objective is to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with professional standards will always detect a material misstatement when it exists. Misstatements can

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ASSYSTEM

REGISTRATION DOCUMENT 2017