GROUPAMA / 2019 Universal Registration Document

4 CORPORATE SOCIAL RESPONSIBILITY (CSR)

Report of one of the statutory auditors on the declaration of extra-financial performance

4.3

REPORT OF ONE OF THE STATUTORY AUDITORS ON THE DECLARATION OF EXTRA-FINANCIAL PERFORMANCE

This is a free translation of the report of one of the statutory auditors on the declaration of extra-financialperformance issued in French, and is providedsolely for the convenience of English speaking readers.

Report of one of the statutory auditors on the consolidateddeclaration of extra-financial performance contained in the management report (Fiscal year ended 31 December 2019) Mazars

61, rue Henri-Régnault 92075 La Défense cedex

Dear Members, As statutory auditor of Groupama AssurancesMutuelles, we present to you our report on the consolidateddeclaration of extra-financial performancefor the fiscal year ended 31 December2019 (hereinafter “Declaration”),presented in the managementreport on a voluntary basis with referenceto the legal and regulatoryprovisionsof Articles L. 225-102-1,R. 225-105,and R. 225-105-1of the FrenchCommercial Code.

RESPONSIBILITY OF THE COMPANY

The Board of Directors is responsiblefor preparinga Declarationconsistentwith the applicable legal and regulatoryprovisions, including a presentationof the business model, a descriptionof the main extra-financialrisks, a presentationof the policies implementedto address these risks,and theresults of these policies, includingkey performance indicators. The Declarationwas prepared in accordancewith the Company’sprocedures(hereinafter“ReferenceSource”), the significant elements of which are presented in the Declaration andavailable atthe Company’s headquarters on request.

INDEPENDENCE AND QUALITY CONTROL

Our independence is defined by the provisions of Article L. 822-11-3of the French Commercial Code and the Code of Ethics of our profession.In addition, we implementeda quality-controlsystem that includes documentedpolicies and proceduresto ensure compliance with theapplicable laws and regulations, ethicalrequirements,and French professional guidance.

RESPONSIBILITY OF ONE OF THE STATUTORY AUDITORS

On thebasis of ourwork, our responsibilityis to providea reasoned opinionexpressing a conclusionof moderateassurance regarding: the complianceof the Declarationwith the provisionsof Article R. 225-105 of the French Commercial Code; ● the truthfulness of the information provided in accordancewith Article R. 225-105 I,3° and II of the French CommercialCode, i.e. the ● resultsof policies,including key performance indicators, and actions relatingto the main risks,hereinafter “Information”. However, it is not our responsibilityto commenton the Company’scompliancewith other applicable laws and regulations,in particularthe plan for vigilance andcombating corruption and tax evasion, or on the compliance of productsand serviceswith the applicableregulations.

94 Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES