www.se.com 400 Schneider Electric Universal Registration Document 2021 Chapter 5 – Consolidated financial statements at December 31, 2021 5.6 Statutory auditors’ report on the consolidated financial statements Our response As part of our audit, we obtained the legal documentation, as well as the reports issued by the external valuation experts engaged by the group to assist the management with the identification of assets and liabilities recognized within the scope of these two acquisitions. The opening balance sheets of L&T EA and OSIsoft as their respective dates of acquisition of control have been audited covering the main acquired entities included in the scope of consolidation. Regarding the identification and assessment of the fair value of the assets and liabilities recognized in connection with these acquisitions, with the involvement of valuation experts in our audit team, our work consisted in: • assessing the appropriateness of the approach used to identify liabilities, contingent liabilities and intangible assets acquired, corroborating them with our discussions with management and our understanding of the acquired business; • analyzing the valuation methods used by management to measure the fair value of assets and liabilities acquired; • analyzing the valuation assumptions used by comparing them to the source data and sector market data; • performing arithmetic controls on the various valuations carried out; • analyzing the consistency of the purchase price allocation taken as a whole, and of the resulting residual goodwill. Finally, we verified that the notes to the consolidated financial statements contain the appropriate information. Specific Verifications We have also performed, in accordance with professional standards applicable in France, the specific verifications required by laws and regulations of the group’s information given in the management report of the Board of Directors. We have no matter to report as to its fair presentation and its consistency with the consolidated financial statements. We certify that the consolidated statement of non-financial performance provided for in Article L. 225-102-1 of the French Commercial Code ( code de commerce ) is included in the information pertaining to the group provided in the management report, it being specified that, in accordance with the provisions of Article L. 823-10 of this Code, the information contained in this statement has not been verified by us as to its accuracy or consistency with the consolidated financial statements and must be the subject of a report by an independent third-party body. Report on Other Legal and Regulatory Requirements Format of presentation of the financial statements intended to be included in the annual financial report We have also verified, in accordance with the professional standards applicable in France relating to the procedures performed by the statutory auditor relating to the annual and consolidated financial statements presented in the European single electronic format, that the presentation of the consolidated financial statements intended to be included in the annual financial report mentioned in article L451-1-2, I of the French Monetary and Financial Code ( code monétaire et financier ), prepared under the responsibility of the Chief Executive Officer, complies with the single electronic format defined in the European Delegated Regulation No 2019/815 of 17 December 2018. As it relates to consolidated financial statements, our work includes verifying that the tagging of these consolidated financial statements complies with the format defined in the above delegated regulation. Based on the work we have performed, we conclude that the presentation of the consolidated financial statements intended to be included in the annual financial report complies, in all material respects, with the European single electronic format. We have no responsibility to verify that the consolidated financial statements that will ultimately be included by your company in the annual financial report filed with the AMF are in agreement with those on which we have performed our work. Appointment of the Statutory Auditors We were appointed as statutory auditors of Schneider Electric S.E. by the annual general meetings held on May 6, 2004 for MAZARS and on June 25, 1992 for ERNST & YOUNG et Autres. As at December 31, 2021, MAZARS was in the eighteenth year of its engagement without interruption and ERNST & YOUNG et Autres in the thirtieth year. Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with International Financial Reporting Standards as adopted by the European Union and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless it is expected to liquidate the Company or to cease operations. The audit and risks committee is responsible for monitoring the financial reporting process and the effectiveness of internal control and risks management systems and where applicable, its internal audit, regarding the accounting and financial reporting procedures. The consolidated financial statements were approved by the Board of Directors.