REPORT OF THE INDEPENDENT AUDITOR ON THE SUMMARY FINANCIAL STATEMENTS

To the Shareholders and Supervisory Board of Budimex SA

The accompanying summary consolidated financial statements, which comprise consolidated statement of financial position prepared as of 31 December 2016, consolidated profit and loss account and consolidated statement of comprehensive income, consolidated statement of changes in equity, consolidated statement of cash flow for the financial year then ended, are derived from the audited consolidated financial statements of the Budimex Group with Budimex SA being the parent for the year ended 31 December 2016. On 16 March 2017, we issued unmodified opinion on these consolidated financial statements. These consolidated financial statements and the summary consolidated financial statements do not reflect the effects of events that occurred subsequent to the date of our report on the audited consolidated financial statements.

The summary consolidated financial statements do not contain all the disclosures required by the International Financial Reporting Standards as endorsed by the European Union. Reading the summary consolidated financial statements, therefore, is not a substitute for reading the audited consolidated financial statements of the Budimex Group.

Management’s Responsibility for the Summary Financial Statements

Management is responsible for the preparation of the summary consolidated financial statements in the form of consolidated statement of financial position, consolidated profit and loss account and consolidated statement of comprehensive income, consolidated statement of changes in equity, consolidated statement of cash flow derived directly from the audited consolidated financial statements of the Budimex Group on which we issued opinion on 16 March 2017 

Auditor’s Responsibility

Our responsibility is to express an opinion on the summary consolidated financial statements based on our procedures, which were conducted in accordance the National Auditing Standards in line with the wording of the International Standards on Auditing adopted by Resolution No. 2783/52/2015 of the National Council of Statutory Auditors of 10 February 2015 as amended.

Opinion

In our opinion the summary consolidated financial statements derived from the audited consolidated financial statements of the Budimex Group for the year ended 31 December 2016 are consistent, in all material respects, with these consolidated financial statements.

Wojciech Kłys

Key certified auditor conducting the audit
No. 11775  

On behalf of Deloitte Polska Spółka z ograniczoną odpowiedzialnością Sp. k. – entity authorized to audit financial statements entered under number 73 on the list kept by the National Council of Statutory Auditors:

Maciej Krasoń – Deputy Chairman of the Management Board of Deloitte Polska
Sp. z o.o. – which is the General Partner of Deloitte Polska Spółka z ograniczoną odpowiedzialnością Sp. k.

Warsaw, 16 March 2017

The above statement of statutory auditor is a translation from the original Polish version. In case of any discrepancies between the Polish and English version, the Polish version shall prevail.