GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS

Statutory auditors’ report on the consolidated financial statements

SPECIFIC VERIFICATIONS

In accordancewith the professionalstandardsapplicable in France, we also conductedthe specific verificationsrequired by the applicable laws and Regulations of the Group information presented in the management report of the Board of Directors. We have no matters to report as to itfsair presentation and its consistency with thceonsolidated financial statements.

OTHER VERIFICATIONS OR INFORMATION REQUIRED BY LAWS AND REGULATIONS

Format for the presentation of consolidated financial statements to be included in the annual financial report In accordancewith Article 222-3 IIIof the AMF General Regulation, your company’smanagement informed us of its decision to postpone the application of the single electronic reporting format as defined by Commission Delegated Regulation (EU) 2019/815 of 17 December 2018 to fiscal years beginning on or after 1 January 2021.Consequently, this report does not contain any conclusion on compliance with this format in the presentationof the consolidatedfinancial statementsto be included in the annual financial report referred to in Article L.451-1-2 (I) of the French monetaraynd financial Code. Appointment of the statutory auditors We were appointed statutory auditors of Caisse Nationale de Réassurance Mutuelle Agricole Groupama by your General Meeting of 25 June 1999 for PricewaterhouseCoopers Audit and of 12 September 2020 for Mazars. At 31 December 2020,PricewaterhouseCoopersAudit was in the 22 nd year of its mission without interruption, and Mazars was in its 21 st year.

RESPONSIBILITIES OF MANAGEMENT AND MEMBERS OF THE CORPORATE GOVERNANCE BODY CONCERNING THE CONSOLIDATED FINANCIAL STATEMENTS

Management is responsible for preparing consolidated financial statements presenting a true and fair view in accordance with IFRS as adopted in the EuropeanUnion and implementingthe internal controls that it deems necessary for the preparationof consolidatedfinancial statements free of any material misstatements, whether they dtuoefraud or error. In connectionwith the preparationof the consolidatedfinancial statements,Managementis responsiblefor assessingthe Company’sability to continue its operations; providing informationon matters relating to the continued operations, where this is relevant; and for preparing financial statements based on a going concern basis, unleMssanagement intends to wind up theCompany or discontinue operations. The Audit and Risk ManagementCommitteeis responsiblefor followingthe processof preparingfinancial informationand for monitoringthe effectivenessof internal control and risk managementsystems, as well as, where applicable, internal auditing, as regards the procedures

relating to the preparation and processing oafccounting and financial information. These consolidated financial statements havbeeen approved by the Board of Directors.

RESPONSIBILITIES OF THE STATUTORY AUDITORS RELATING TO THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS

Audit objective and approach It is our responsibility to prepare a report on the consolidated financial statements. Our goal is to obtain reasonable assurance that the consolidated financial statements taken as a whole do not contain any material misstatements.Reasonable assurance is a high level of assurance but is not a guarantee that an audit performed in accordancewith the professional auditing standards will always detect any material misstatement.Misstatementsmay arise as a result of fraud or error and must be regardedas being material if it can reasonablybe expected that they, individuallyor in the aggregate,will affect the financial decisionsmade by users of the financial statementson the basis of the financial statements. As specified by Article L. 823-10-1of the French CommercialCode, our role of certifying the financial statements is not to guarantee the viability or the quality of the management of your Company.

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Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES