PSA - 2019 Universal Registration Document

PEUGEOT S.A. FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 Statutory Audit Report on the financial statements

Report on Other Legal and Regulatory Requirements

APPOINTMENT OF THE STATUTORY AUDITORS

We were appointedas statutoryauditorsof Peugeot S.A.by your Annual General Meetingheld on May 25, 2005 for MAZARSand on May 31, 2011 forERNST &YOUNGet Autres. As at 31 December 2019,MAZARS and ERNST & YOUNG et Autres were in the fifteenth year in ninth year of total uninterrupted engagement, respectively.

Responsibilities of Management and Those Charged with Governance for the Financial Statements

Managementis responsiblefor the preparationand fair presentationof the financialstatementsin accordancewith French accounting principlesand for such internalcontrolas managementdeterminesis necessaryto enablethe preparationof financialstatementsthat are free frommaterial misstatement, whether due to fraud orerror. In preparingthe financial statements,managementis responsiblefor assessingthe Company’sability to continueas a going concern, disclosing,as applicable,mattersrelatedto goingconcernandusingthegoingconcernbasisof accountingunlessit is expectedto liquidate the Company or to ceaseoperations. TheFinanceandAuditCommittee is responsiblefor monitoringthe financialreportingprocessand the effectivenessof internalcontroland risks management systemsandwhere applicable, its internal audit, regardingthe accounting and financialreporting procedures. The financialstatementswere approved by the ManagingBoard.

Statutory Auditors’ Responsibilities for the Audit of the Financial Statements

OBJECTIVES AND AUDIT APPROACH Our role is to issue a report on the financial statements.Our objectiveis to obtain reasonableassuranceabout whether the financial statementsas a wholeare freefrommaterialmisstatement.Reasonableassuranceis a highlevelof assurance,but is not a guaranteethatan audit conductedin accordancewith professionalstandardswill alwaysdetecta materialmisstatementwhen it exists. Misstatementscan arisefromfraudor errorandare consideredmaterialif, individuallyor in the aggregate,theycouldreasonablybe expectedto influencethe economic decisions of userstaken on thebasisof thesefinancial statements. As specifiedin Article L.823-10-1 of the FrenchCommercialCode (Codede commerce) , our statutoryaudit does not includeassuranceon the viability of the Company or the quality of management of the affairs of the Company. As part of an audit conductedin accordancewith professionalstandardsapplicablein France,the statutoryauditorexercisesprofessional judgmentthroughoutthe audit and furthermore: Identifiesandassessesthe risksof materialmisstatementof the financialstatements,whetherdueto fraudor error,designsandperforms n auditproceduresresponsiveto thoserisks,and obtainsauditevidenceconsideredto be sufficientand appropriateto providea basisfor his opinion.Theriskof not detectinga materialmisstatement resultingfromfraudis higherthanfor oneresultingfromerror,as fraudmay involve collusion, forgery, intentional omissions, misrepresentations, or the overrideof internalcontrol. Obtains an understandingof internal control relevant to the audit in order to design audit proceduresthat are appropriatein the n circumstances,butnot for thepurpose ofexpressing an opinion on the effectiveness of theinternal control. Evaluatesthe appropriateness of accountingpoliciesusedand the reasonablenessof accountingestimatesand relateddisclosuresmade n by management in thefinancial statements. Assessesthe appropriateness of management’suse of the goingconcernbasisof accountingand,basedon the auditevidenceobtained, n whethera materialuncertaintyexistsrelatedto eventsor conditionsthatmaycastsignificantdoubton theCompany’sabilityto continue as a goingconcern.Thisassessment is basedon the auditevidenceobtainedup to the dateof his auditreport.However,futureeventsor conditionsmay cause the Company to cease to continue as a going concern. If the statutory auditor concludes that a material uncertaintyexists,there is a requirementto drawattentionin the auditreportto the relateddisclosuresin the financialstatementsor, if such disclosures are not provided or inadequate, to modify the opinion expressed therein. Evaluates the overall presentationof the financial statements and assesses whether these statements represent the underlying n transactions and eventsin a mannerthat achieves fair presentation.

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GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT