Avanquest - 2016 Financial Report

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CERTIFICATION OF THE PERSON RESPONSIBLE

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CERTIFICATION OF THE PERSON RESPONSIBLE

I certify that tomy knowledge,the summarized consolidated financial statements for the past six-month period have been drawn up pursuant to the applicable accounting standards, and give a true picture of the assets, the financial position, and the profits of the Company and of all of the businesses included in the consolidation, and that the six-month activity report attached hereto presents a true picture of the significant events which took place during the first six months of the fiscal year, their impact upon the financial statements, the principal transactions between related parties, as well as a description of the principal risks and uncertainties for the remaining six months of the fiscal year.

La Garenne-Colombes, March 30, 2016

Pierre Cesarini Chairman of the Management Board

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2015/2016 SIX-MONTH FINANCIAL REPORT -