CAPGEMINI_REGISTRATION_DOCUMENT_2017

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FINANCIAL INFORMATION

4.4 2017 financial statements

Statutory Auditors’ report on the financial statements 4.4.5

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, 2017 To the Annual General Meeting of Capgemini SE,

Opinion In compliance with the engagement entrusted to us by your Annual General Meeting, we have audited the accompanying financial statements of Capgemini SE for the year ended December{31, 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, 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 Committee. for Opinion 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, 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 We draw attention to the following matter described in Note - Accounting policies – Change in accounting method to the financial statements which describes the change in account method related to the first application of ANC{Regulation{no.{2015-05 of July{2, 2017 on forward financial instruments and heging transactions. Our opinion is not modified in respect of this matter. Justification of Assessments - Key Audit Matter 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 inform you of the key audit matter relating to risks 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, and we do not provide a separate opinion on specific items of the financial statements. Measurement of investments in subsidiaries in Capgemini SE Risks identified At December{31, 2017, equity investments reported in the balance sheet amount to €16,865{million. Equity investments are recognized at their acquisition-date cost and may be written down based on their value in use. As stated in the Note - Accounting policies – Financial Assets to the financial statements, a depreciation is accounted for should the value in use of the equity investments is lower than its carrying amount. The value in use of equity investments is estimated by Management, either using discounted future cash flows adjusted of net debt and deferred taxes, or using the proportionate share of consolidated net equity, or in some cases, based on the market value of comparable transactions. The measurement of the value in use requires judgment by Management in terms of the inputs chosen, which may correspond to historical or forward-looking information. Management ensures at year end that the carrying amount of the equity investments is not higher than their value in use. An adverse change in the activities related to these investments, due to internal or external factors related to the financial and economic environment in the markets where Capgemini operates, may significantly affect the value in use of the equity investments and require the recognition of an impairment. Such change would require reassessing the relevance of the assumptions used to determine value in use and the reasonableness and consistency of the calculation criteria. We believe that measurement of the value of equity investments is a key audit matter given the significant amount of equity investments reported in the financial statements and their sensitivity to assumptions made by Management.

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REGISTRATION DOCUMENT 2017 — CAPGEMINI