Plastic Omnium // 2022 Notice of Meeting

STATUTORY AUDITORS’ REPORTS

VALUATION OF EQUITY INVESTMENTS AND RECEIVABLES RELATED TO EQUITY INVESTMENTS

Note "Accounting principles and methods - Equity investments and related receivables", note "C - Investments" and note "M - Depreciation, amortization and impairment" of the notes to the financial statements. Equity investments of Compagnie Plastic Omnium SE. amount to € 1 390 million as of December 31, 2021.

KEY AUDIT MATTER

As described in the note "Accounting principles and methods - Equity investments and related receivables" in the appendix to the financial statements, a provision for impairment is recorded when the value in use or the probable realization value is lower than the net book value. Value in use is determined using a multi-criteria approach, based on management’s judgment, taking into account the share of net equity and an enterprise value approach based on discounted future cash flows in view of current market conditions and the subsidiaries’ medium-term business plans. As described in the note C « Investments » in the appendix of the financial statements, in the current context of the Covid-19 sanitary crisis and the decrease in business activity due to the semiconductor shortage, impairment tests have been performed on subsidiaries’ equity investments. The valuation of equity investments is considered as a key audit matter given the importance of equity investments in the balance sheet and because of the judgments to be made by management to estimate the profit outlook of the subsidiaries, including those related to the health crisis linked to Covid-19 and the decrease in business activity. Our work consisted in: Comparing the net book value of equity securities with the net equity of these companies; j Reviewing the analyses conducted by your company; j Examining the existence of indication of impairment by:: j Interviewing the Group’s Finance Department on the results and profit outlook of the different companies; j reviewing the minutes of the meetings of the Board of Directors of Compagnie Plastic Omnium. j Examining, when applicable, the valuation methodology and the arithmetical accuracy of the calculation of the recoverable value and verifying j the consistency of assumptions used with the economic environment at the reporting and closing dates, in particular in the context of the Covid-19 pandemic, and the semiconductor shortage, and its impact on the profitability prospects of your company’s subsidiaries. Comparing the discount and long-term growth rates used to our internal databases with the help of our valuation specialists. j OUR RESPONSE

SPECIFIC VERIFICATIONS

We have also performed, in accordance with professional standards applicable in France, the specific verifications required by French law and regulations.

INFORMATION GIVEN IN THE MANAGEMENT REPORT AND OTHER DOCUMENTS SENT TO SHAREHOLDERS ON THE FINANCIAL POSITION AND THE FINANCIAL STATEMENTS

We have no matters to report as to the fair presentation and the consistency with the financial statements of the information given in the management report of the Board of Directors and in the other documents addressed to the shareholders with respect to the financial position and the financial statements. In accordance with French law, we report to you that the information relating to payment times referred to in Article D. 441-6 of the French Commercial Code ( Code de commerce ) is fairly presented and consistent with the financial statements.

REPORT ON CORPORATE GOVERNANCE

We attest that the Board of Directors’ report on corporate governance sets out the information required by Articles L.225-37-4, L. 22-10-10 and L.22-10-9 of the French Commercial Code ( code de commerce ).

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PLASTIC OMNIUM Notice of meeting 2022