SOLOCAL_Registration Document_2017

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FINANCIAL STATEMENTS 6.2 Annual financial statements for the financial years ended 31 December 2016 and 2017

REPORT BY THE STATUTORY AUDITORS ON THE ANNUAL FINANCIAL 6.2.5 STATEMENTS

Financial year ended 31 December 2017 To the General Meeting of the Shareholders of SoLocal Group,

OPINION Pursuant to the task that was entrusted to us by your General Shareholders’ Meeting, we have audited the annual financial statements of SoLocal Group for the financial year ended 31 December 2017, as they are appended hereto. We certify that the annual financial statements are, under French accounting principles and rules, correct and true and fairly present the results of the past financial year’s transactions and the Company’s financial position, assets and liabilities at the end of that year. The opinion set forth above is consistent with the content of our report to the Audit Committee.

BASIS OF THE OPINION

Terms of reference We have carried out our audit in accordance with the professional standards of practice applicable in France. We believe that the information we collected is sufficient and appropriate to serve as a basis for our opinion. The responsibilities incumbent upon us pursuant to these standards are set out in the section “Responsibilities of Statutory Auditors relating to audits of annual financial statements” of this report. Independence We have carried out our audit mission in compliance with the rules of independence that are applicable to us, covering the period from 1 January 2017 to the date of issue of our report and, in particular, we have not provided services precluded by Article 5, paragraph 1, of (EU) rule No. 537/2014 or by the Code of Ethics for the profession of Statutory Auditor. The non-audit services that we have provided during the year to your Company and to the entities that it controls and which are not mentioned in the management report or in the notes to the consolidated financial statements are: Issue of a letter of intent in relation to the Group’s financial restructuring operations, various certificates prepared at the Company’s l request regarding accounting data, and work specific to the application of IFRS 15, carried out by consultancy firms BEAS and Auditex. JUSTIFICATION OF ASSESSMENTS – KEY AUDIT MATTERS Pursuant to the provisions of Articles L. 823-9 and R. 823-7 of the French Commercial Code on the justification of our assessments, your attention is drawn to a number of key audit matters dealing with the risks of material misstatement which, according to our professional judgement, have been most important for the audit of the annual financial statements for the year, together with our responses to these risks. These assessments were made within the context of our overall audit of the annual financial statements and therefore served as a basis for our opinion, as expressed above. We express no opinion on elements of these annual financial statements taken in isolation.

224 2017 Registration Document SOLOCAL