BPCE - 2019 Universal Registration Document

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LEGAL INFORMATION

STATUTORY AUDITORS’ SPECIAL REPORT ON RELATED-PARTY AGREEMENTS AND COMMITMENTS

Statutory Auditors’ special report on 7.6

related-party agreements and commitments

Shareholder’s Meeting called to approve the financial statements for the fiscal year ended December 31, 2019

BPCE 50, avenue Pierre Mendès France 75013 Paris Registered office: 50, avenue Pierre Mendès France 75013 Paris

To the Shareholders,

In our capacity as Statutory Auditors of your company, we hereby present our report on related-party agreements. We are required to inform you, on the basis of the information provided to us, of the key features, terms and conditions and purpose of the contractual agreements indicated to us or that we may have identified in the performance of our assignment. It is not our role to comment as to whether they are beneficial or to ascertain whether any other agreements exist. It is your responsibility, in accordance with Article R. 225-58 of the French Commercial Code, to assess the benefits resulting from these agreements prior to their approval. In addition, we are required to inform you in accordance with Article R. 225-58 of the French Commercial Code concerning the execution during the year of the agreements already approved by the Annual General Shareholders’ Meeting. We performed the procedures we considered necessary to comply with the professional code of the Compagnie nationale des commissaires aux comptes (France’s National Association of Statutory Auditors) relating to this assignment. Our work consisted in verifying that the information provided to us is consistent with the underlying documents from which it was extracted. For the purposes of this report: “BPCE” designates the central institution resulting from the combination of the networks of Caisse d’Epargne and Banque Populaire, • a French limited liability company (société anonyme) with a Management Board and a Supervisory Board since July 31, 2009; “CE Participations” designates the former Caisse Nationale des Caisses d’Epargne (CNCE), a French limited liability company • (société anonyme) with a Management Board and a Supervisory Board, renamed CE Participations on July 31, 2009 in the modified form of a French limited liability company (société anonyme) with a Board of Directors, as the holding company for all of the Caisse d’Epargne network’s equity interests not transferred to BPCE in 2009, and which was merged with BPCE through absorption on August 5, 2010; “BP Participations” designates the former Banque Fédérale des Banques Populaires (BFBP), a French limited liability company • (société anonyme) with a Board of Directors, renamed BP Participations on July 31, 2009 as the holding company for all of the Banque Populaire network’s equity interests not transferred to BPCE in 2009 and which was merged with BPCE through absorption on August 5, 2010.

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

www.groupebpce.com