François Jean Brych, Statutory Auditor Dear Shareholders, In accordance with the provisions of Article 24 of Law No. 408 of 20 January 1945, as amended, we hereby present a report on the transactions referred to in Article 44 of Law No. 1,573 of 8 April 2025 on the modernisation of company law, carried out during the 2025 financial year, and on the General Meetings held during the same financial year. I Transactions covered by Article 44 of Law No. 1.573 of 8 April 2025 on the Modernisation of Company Law (formerly Article 23 of the Sovereign Ordinance of 5 March 1895) It is our responsibility to inform you, on the basis of the information provided to us, the contracts or transactions referred to in Article 44 of Law No. 1.573 of 8 April 2025 of which we have been notified or which we may have discovered in the course of our task, without being required to comment on their usefulness or validity, nor to investigate the existence of any other such contracts or transactions. It is for you to assess the merits of entering into these contracts or transactions with a view to their approval. Furthermore, where applicable, it is our responsibility to provide you with the information required under Article 44 of Law No. 1.573 concerning the implementation, during the past financial year, of agreements already approved by the general meeting. We have carried out the procedures we considered necessary to verify that the information provided to us is consistent with the underlying documents from which it was derived. The key features and terms of the transactions or contracts of which we were made aware during our audit for the 2025 financial year are set out in the report prepared by your Board of Directors. We have verified the information contained in this report and wish to inform you that, exceptionally, at its meeting on 10 March 2026, your Board of Directors decided to authorise retrospectively the agreements referred to in Article 44 of Law No. 1.573 of 8 April 2025 on the modernisation of company law. We have no comments to make on this matter. II Annual General Meetings held during the financial year During the financial year, you held an Annual General Meeting on 13 May 2025, for the purpose, in particular, of approving the financial statements for the financial year ended 31 December 2024; For this meeting, we have checked: - that the relevant legal and statutory provisions regarding the organisation of this Meeting were observed - that the approved resolutions were fulfilled. We did not find any irregularities. Signed in Monaco, 24 April 2026 The Statutory Auditors Frank Vanhal, Statutory Auditor Special report from the Statutory Auditors Financial year ended on 31 December 2025 CFM Indosuez Wealth Management 64
RkJQdWJsaXNoZXIy NzMxNTcx