In accordance with the law and the recommendations of the AFEP–MEDEF Code, the Audit Committee’s responsibilities include:

• reviewing the financial statements, in particular ensuring the relevance and consistency of the accounting methods used to prepare the consolidated and statutory accounts; overseeing the processes for preparing financial and sustainability‑related information, including in digital form, and issuing recommendations to ensure the integrity of these processes;
• reviewing the scope of consolidation and, where applicable, the reasons for excluding certain entities;
• monitoring the effectiveness of internal control and risk management systems;
• reviewing significant risks and off‑balance‑sheet commitments, assessing the importance of any malfunctions or weaknesses reported to it and, where appropriate, informing the Board of Directors;
• reviewing, prior to Board meetings, quarterly, half‑year and annual financial releases and statements, as well as reports submitted to the Shareholders’ Meeting;
• reviewing significant transactions that may give rise to conflicts of interest;
• monitoring the independence and objectivity of the External Auditors responsible for auditing financial and sustainability‑related information; overseeing the auditor selection process upon expiry of their current mandate and submitting recommendations to the Board of Directors. To this end, the Audit Committee receives annually from the External Auditors information on services performed in connection with their statutory audit and sustainability assurance engagements, as well as the fees paid to their networks by Group companies for services not directly related to these engagements;
• approving the provision of non‑audit services by the External Auditors;
• ensuring that the Sustainability Committee monitors the processes for preparing and controlling sustainability‑related information, as well as the identification and management of social, societal and environmental risks, and reviewing the sustainability information disclosed annually in the sustainability report appended to the management report; and
• issuing recommendations and opinions to the Board of Directors.

The Audit Committee determines its own operating procedures. It meets as often as required in the interests of the Company and at least four times per year, prior to Board meetings devoted to the review of quarterly, half‑year and annual financial statements.

The Chair of the Audit Committee reports on the Committee’s work to the Board of Directors at least four times per year and systematically communicates the Committee’s recommendations during Board meetings.

The External Auditors, the Chair and Chief Executive Officer, the Chief Financial Officer and the Secretary to the Board of Directors attend all meetings.

The Audit Committee works closely with the Chief Financial Officer and the External Auditors.

For further details on the work carried out during the past financial year, see the 2025 Annual Financial Report