Frank Vanhal, Statutory Auditor François Jean Brych, Statutory Auditor Dear Shareholders, In accordance with the provisions of Article 25 of the Law No. 408 of 20 January 1945, we present you with our report on the general and ongoing assignment that you entrusted to us under the provisions of Article 8 of the aforesaid law, by decision of the Ordinary General Meeting of 16 May 2023 for the fiscal years 2023, 2024 and 2025. The financial statements and corporate documents, approved by your Board of Directors, have been made available to us within the statutory time limit. Our task, which consists of expressing an opinion on these financial statements, was carried out in accordance with professional standards and involved examining the balance sheet as at 31 December 2025 and the income statement for the twelve-month period ended on that date, presented in accordance with banking regulations. - The balance sheet total stands at €7,225,637,000 - The income statement shows a net profit of €48,563.000 These documents have been prepared in accordance with legal requirements and using the same formats and valuation methods as in the previous financial year. We have verified the various items included in the assets and liabilities as well as the methods used for their valuation and for the discrimination of expenses and income recorded in the income statement. Our review was performed in accordance with generally accepted auditing standards, which require that our work be planned and performed in such a way as to obtain reasonable assurance that the financial statements are free from material misstatement. An audit involves assessing the accounting principles used, examining, on a test basis, the evidence supporting the amounts and key estimates made by the company’s management, as well as verifying the information contained in the financial statements and assessing the overall presentation of these items. We believe that the reviews we performed support our opinion. In our opinion, the balance sheet and profit and loss account for the financial year ended 31 December 2025, which are submitted for your approval, give a true and fair view, in accordance with legal requirements and professional standards, of your company’s financial position as at 31 December 2025 and of the results for the twelve-month period then ended. Without calling into question the opinion expressed above, we draw your attention to the implications of the first-time application of ANC Regulation No. 2023-03, as set out in Note 1 to the annual financial statements. We have also verified the financial information contained in your Board of Directors’ report, the proposed appropriation of profits, and compliance with the legal and statutory provisions governing the operation of your company. We have no comments to make on the information given in the report of your Board of Directors , on the financial statements. Our review found no breaches of legal and statutory provisions governing the functioning of your Company’s management bodies. Signed in Monaco, 24 April 2026 The Statutory Auditors General report from the Statutory Auditors Financial year ended on 31 December 2025 Annual Report 2025 63
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