49 / Statutory Auditors' Report / Financial year ending 31 December 2022 Didier Mekies, 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 19 June 2020 for the fiscal years 2020, 2021 and 2022. The financial statements and the accompanying notes were approved by the Board of Directors. - The balance sheet total was €7,136,625k - The income statement shows a net profit of €42,184k Our task, which consists of expressing an opinion on the annual financial statements, was performed in accordance with the procedures we considered necessary in accordance with professional standards. These procedures involved examining the transactions carried out by your Company during the 2022 financial year, the balance sheet on 31 December 2022, the income statement and the notes to the financial statements for the twelve-month period then ended, presented in accordance with the requirements of banking regulations. These documents were drawn up in the same format and using the same accounting 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 accounting audit standards, which require that our work be planned and performed so as to obtain reasonable assurance that the annual accounts do not contain any material misstatements. An accounting review includes the examination, by testing, of evidence of the amounts and information contained in the annual accounts, an assessment of their overall presentation as well as a review of the accounting policies used and the main estimates made by management. We believe that the reviews we performed support our opinion. In our opinion, the balance sheet on 31 December 2022, the income statement for the 2022 financial year and the notes to the financial statements, submitted for your approval, give a true and fair view, in accordance with legal requirements and professional practice, of the assets and liabilities of your Company as of 31 December 2022 and the transactions and results of the twelvemonth period ending on such date. We have no comments to make on the information given in the report of your Board of Directors on the financial statements. The proposals for the allocation of the profits are in accordance with the provisions of the Law and the Articles of Association. Our review found no breaches of legal and statutory provisions governing the functioning of your Company’s management bodies. Issued in Monaco on 28 April 2023
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