EXEL Industries // 2020 Universal registration document

Consolidated fi nancial statements

Statutory Auditors’ report on the consolidated fi nancial statements

Specific verifications In accordance with the professional standards applicable in France, we also performed the speci fi c legal and regulatory veri fi cations that are required regarding the information about the Group that is provided in the Board of Directors’ management report of December 16, 2020. We have no matters to report with respect to the fair presentation of this information and its consistency with the consolidated fi nancial statements. We certify that the consolidated statement of non- fi nancial performance called for in Article L.225-102-1 of the French Commercial Code does appear in the information about the Group given in the management report. It is further speci fi ed that, in accordance with Article L.823-10 of that Code, the information contained in this statement has not been veri fi ed by us for its accuracy or consistency with the consolidated fi nancial statements and must be the object of a report by an independent third-party organization.

Information resulting from other statutory and regulatory obligations

Appointment of the Statutory Auditors We were appointed as EXEL Industries’ Statutory Auditors by the Annual General Meeting of February 28, 1997 for DELOITTE & ASSOCIÉS and that of January 21, 2015 for MAZARS. On September 30, 2020, Deloitte & Associés was in the twenty-third year of its engagement since the Company’s shares were admitted to trading on a regulated market and MAZARS was in its sixth successive year. The responsibilities of the Management and Corporate Governance personnel for the consolidated financial statements In accordance with the IFRS benchmark adopted by the European Union, the Management is responsible for preparing consolidated fi nancial statements which re fl ect a true picture and for setting up the internal controls it considers necessary for preparing consolidated fi nancial statements which are free of material misstatements, and for preventing fraud or errors. When preparing the consolidated fi nancial statements, the Management is responsible for assessing the Company’s capacity to continue its operations and for presenting information in these fi nancial statements on the Company as a going concern and for applying the going concern accounting convention, unless it is planned to wind the Company up or for it to stop operating. The Audit Committee must monitor the procedures for preparing and processing the accounting and fi nancial information and the e ff ectiveness of the internal control and risk management systems, and if appropriate, the internal audit. The consolidated fi nancial statements were approved by the Board of Directors. The Statutory Auditors’ liability for the audit of the consolidated financial statements The purpose and approach of the audit We are responsible for preparing a report on the consolidated fi nancial statements. Our aim is to obtain the reasonable assurance that overall, the consolidated fi nancial statements do not contain any material misstatements. Reasonable assurance corresponds to a high level of assurance without however guaranteeing that an audit which is performed to professional auditing standards systematically detects all material misstatements. Misstatements can come from fraud or result from errors and are considered to be signi fi cant when it is to be reasonably expected that when taken individually or together, they may a ff ect the economic decisions which are taken by the users of the fi nancial statements based on them. As Article L.823-10-1 of the French Commercial Code states, our mission to certify the fi nancial statements does not involve guaranteeing your Company’s viability, or the quality of its management. When a Statutory Auditor is performing an audit which is carried out in accordance with the professional standards applicable in France, he or she applies their professional judgment throughout the whole of the audit. In addition:  the StatutoryAuditor identi fi es and assesses the risks of material misstatement in the consolidated fi nancial statements, whether from fraud or mistakes and determines and implements auditing procedures to cover these risks and collects the information he or she considers to be su ffi cient and appropriate to form an opinion. The risk of not detecting a fraudulent material misstatement is higher than not detecting a signi fi cant material misstatement from a mistake because fraud may involve collusion, forgery, intentional omissions, false declarations or the circumvention of internal controls;  the Statutory Auditor examines the internal control procedures which are relevant for the audit in order to decide the appropriate audit procedures in this context, and not in order to express an opinion on the e ff ectiveness of the internal control;

5

EXEL Industries group I 2020 Universal Registration Document

85