LEGRAND_REGISTRATION_DOCUMENT_2017

08 CONSOLIDATED FINANCIAL INFORMATION CONCERNING

THE GROUP’S ASSETS, LIABILITIES, FINANCIAL POSITION AND RESULTS Statutory Auditors’ report on the consolidated financial statements in accordance with IFRS for the year ended December 31, 2017

We assessed Milestone’s opening balance sheet and verified the harmonization of the company’s accounting policies with those of the Group. With the support of our tax experts, we also: W analyzed the methodology used by the Group to identify the assets acquired and liabilities assumed; W assessed the level of competence and independence of the specialist assisting the Group; W assessed the judgments and key assumptions used, particularly concerning the valuation models applied to intangible assets, taking into account industry practices and the relevant geographical area; W analyzed the expected profitability rates of the various asset classes of the acquired company, weighted by their fair value, to verify the consistency of the relative values of the intangible assets and goodwill. We assessed the appropriateness of the disclosures pertaining to the acquisition provided in the notes to the consolidated financial statements. R IV. VERIFICATION OF THE GROUP’S MANAGEMENT REPORT As required by law and in accordance with professional standards applicable in France, we have also verified the information presented in the Group’s management report We have no matters to report as to its fair presentation and its consistency with the consolidated financial statements. R V. DISCLOSURES RESULTING FROM OTHER LEGAL AND REGULATORY REQUIREMENTS Appointment of Statutory Auditors We were appointed Statutory Auditors of Legrand at the General Meetings of Shareholders held on December 21, 2005 (Deloitte & Associés) and June 6, 2003 (PricewaterhouseCoopers Audit). As of December 31, 2017, Deloitte & Associés was in the thirteenth consecutive year of its engagement and PricewaterhouseCoopers Audit was in the fifteenth consecutive year of its engagement, in light of its merger with Coopers & Lybrand Audit in 2003; for both firms, this is the twelfth year since the securities of the Company were admitted to trading on a regulated market. R VI. RESPONSIBILITIES OF MANAGEMENT AND THOSE CHARGEDWITH GOVERNANCE RELATING TO 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 European Union, as well as for implementing the internal control procedures it deems necessary for the preparation of consolidated financial statements free of material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, for disclosing any matters relating to its ability to continue as a going concern and for adopting the going concern basis of accounting, unless it intends to liquidate the Company or cease its operations. The Audit Committee is responsible for monitoring the process of preparing financial information and the effectiveness of internal control and risk management systems, as well as any internal audit procedures relating to the preparation and processing of financial and accounting information. The consolidated financial statements were approved by the Board of Directors. R VII. RESPONSIBILITIES OF THE STATUTORYAUDITORS RELATING TO THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS Objective and audit approach Our role is to issue a report on the consolidated financial statements. Our objective is to obtain reasonable assurance about whether the consolidated financial statements taken as a whole are free of material misstatement. Reasonable assurance corresponds to a high level of assurance, but does not guarantee that an audit carried out in accordance with professional standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. In accordance with the provisions of article L. 823-10-1 of the French Commercial Code, our audit of the consolidated financial statements does not constitute a guarantee of the longer-term viability or quality of the Company’s management.

274

REGISTRATION DOCUMENT 2017 - LEGRAND