IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 Audit Supervision), approved by Law 148 / 2015, of 7 September. It contains the scope of the audit, the partners and employees of the External Auditor who participated in it, the evaluation methods used with reference to impairment tests and corporate concentrations, the consolidation perimeter with mention of entities not audited by PwC, materiality, Independence and the additional services provided, as well as, among others, the results of the analysis of Internal Control that answers the questions raised, the answers obtained and the recommendations made. The Fiscal Board also examined the compliance of the Corporate Governance Report included in the Management Report in compliance to the nº 5 art. 420 of the Commercial Societies Code, focusing it’s analysis in the inclusion, in that Governance Report, of the required elements of the 245º-A article of the Portuguese Securities Market Code. 2. Opinion: Considering the above, the opinion of the Fiscal Board is that are fulfilled the conditions of the approval, by the General Meeting, of: a) The management reports, the financial consolidated and individual statements of 2017 and respective annexes, namely the Governance Report, annexed to the Management Report and Consolidated Accounts; b) The proposal of distribution of year-end results presented by the Board of directors. Porto,11 th Abril 2018 The Fiscal Council Dr. Carlos Alberto Alves Lourenço (President) Dr a . Maria José Martins Lourenço da Fonseca (Vice-President) Dr. Eduardo Moutinho Ferreira Santos (Effective Member) 295