Compa S. A.

Audit Report / Information • Jan 31, 2019

Sibiu, str. Urlea 39 CUI RO 12 613840 Tel.: 0745/605508, 0728/288982 Email: sibexpert@gmail.com Web:www.sibexpert.ro Autorizatie C.A.F.R. nr.318/2003 Autorizatie C.C.Fiscali nr.409/2010

Raport al auditorului independent cu privire la revizuirea informatiilor prezentate de societate in raportul intocmit catre ASF la data de 31.12.2018 de catre societatea "COMPA" S.A. Sibiu

Catre Consiliul de Administratie al Societatii COMPA S.A.

1. Am efectuat numite proceduri cu privire la Raportului Curent conform Regulamentului ASF. nr. 5/2018 intocmit de societate pentru perioada 01 iulie 2018 - 31 decembrie 2018, in legatura cu contractele si actele aditionale incheiate de societate in perioada mentionata cu adiministratorii, angajatii, actionarii care detin controlul si tranzactiile efectuate cu partile afiliate, asa cum este prevazut in Art. 82(1) din Legea nr. 24/2017. Responsabilitatea intocmirii rapoartelor revine conducerii societatii.

Responsabilitatea conducerii

1. Conducerea societatii este responsabila pentru intocmirea si prezentarea Raportului Curent cu privire la tranzactiile raportate conform Art. 82(1) din Legea nr. 24/2017 si a Regulamentului ASF. nr. 5/2018, pentru faptul ca este complet si pentru pentru informatiile prezentate, precum si pentru transmiterea Raportului Curent catre Autoritatea de Supraveghere Financiara ("ASF") si Bursa de Valori Bucuresti ("BVB")

Responsabilitatea auditorului independent

1. Responsabilitatea noastra este sa examinam tranzactiile raportate prezentate de societate si sa raportam sub forma unei concluzii independente pe baza probelor obtinute. Am desfasurat angajamentul nostru in concordanta cu Standardul International pentru Misiuni de Asigurare (ISAE) 3000, "Misiunile de asigurare, altele decat auditurile sau revizuirile informatiilor financiare istorice"

Conform acestui standard, concluzia noastra se bazeaza pe proceduri aplicate de noi, mentionate mai jos, care solicita planificarea si efectuarea auditului astfel incat sa se obtina o asigurare rezonabila a faptului ca raportarile intocmite pentru perioada 01 iulie 2018 – 31 decembrie 2018, de catre COMPA S.A. Sibiu, respectiv pretul aferent tranzactiilor incluse in Raportul Curent este comparabil in toate aspectele semnificative, cu preturile tranzactilor similare cu terti.

Procedurile efectuate

1. Am efectuat urmatoarele proceduri referitoare la Raportul Curent:

2. Am obtinut din partea conducerii societatii Raportului Curent conform Regulamentului ASF. nr. 5/2018 intocmit de societate pentru perioada 01 iulie 2018 - 31 decembrie 2018 si am verificat daca informatiile incluse in acsest raport sunt prezentate in conformitate cu art. 82(1) din Legea 24/2017

3. Am obtinut de la conducerea societatii acces la toate contractele si actele aditionale si am procedat la verificarea autencitatii contractelor si a semnaturilor autorizate.

4. Pentru tranzactiile prezentate de societate in Raportul Curent am verificat elementele prezentate cu informatiile cheie din contractele puse la dispozitie, respectiv partile contractului, obiectul si valoarea contractului, termenele de plata.

5. Am discutat cu conducerea societatii politicile cu privire la contractele cu administratorii, angajatii, actionarii care detin controlul si entitatile afiliate pentru a determina daca preturile convenite intre parti sunt comparabile in toate aspectele semnificative, cu preturile tranzactilor similare cu terti

6. Am comparat creantele si datoriile prezentate in Raportul Curent cu cele inregistrate in evidentele contabile ale societatii.

Aria de aplicabilitate a unei revizuiri este mai redusa decat cea a unui audit efectuat in conformitate cu Standardele Internationale de Audit si ca urmare nu putem sa obtinem asigurarea ca vom sesiza toate aspectele care ar putea fi identificate in cadrul unei misiuni de asigurare rezonabila.

Concluzie

1. Conform procedurilor efectuate mentionate mai sus cu privire la documentele incluse in Raportul Curent, concluzionam urmatoarele:

2. Situatiile raportate de societate sunt contracte cu partile afiliate incheiate in diferite perioade de timp si cuprind date din care reiese scopul pentru care s-au incheiat, in principal furnizarea intre COMPA SA si partile afiliate de servicii de utilitati, servicii de transport, servicii software, de mentenanta, furnizari de bunuri si inchirieri de bunuri.

3. Nu am observat elemente ce ar putea sa ne determine sa consideram ca:

4. a) Informatiile prezentate in Raportul Curent nu sunt conforme in toate aspectele semnificative cu cerintele legale
5. b) Contractele puse la dispozitia noastra nu au fost autorizate in mod corespunzator
6. c) Detaliile prezentate in Raportul Curent nu sunt in concordanta cu termenii cheie ai contractelor, respectiv partile contractului, obiectul si valoarea contractului, termenele de plata

d) Termenii si conditile tranzactiilor prezentate in Raportul Curent de societate, efectuate cu adminstratorii, personalul si actionarii sai semnificativi si persoanele afiliate nu au la baza principiile de stabilire a preturilor se bazata pe politici care tin seama de ofertele existente pe piata in domenii de activitate similare.

1. Raportul nostru se refera numai la tranzactiile incluse in Raportul Curent in conditiile mentionate in paragrafele anterioare, si nu poate fi extins si asupra altor rapoarte ale societatii luate in considerare la nivel individual sau ca un tot unitar.

Acest raport independent, de asigurare a fost furnizat exclusiv pentru informarea conducerii societatii si are scopul mentionat in primul alineat al prezentului raport si nu poate fi utilizat si pentru alte scopuri.

În numele Sib Expert SRL Înregistrat la Camera Auditorilor Financiari din Romania cu nr. 318/2003

Pacurariu Ioan

Înregistrat la Camera Auditorilor Financiari din Romania cu nr. 341/2001

Sibiu, la data de: 29 ianuarie 2019

Sibiu, str. Urlea 39 CUI RO 12 613840 Tel.: 0745/605508, 0728/288982 Email: sibexpert@gmail.com Web:www.sibexpert.ro Autorizatie C.A.F.R. nr.318/2003 Autorizatie C.C.Fiscali nr.409/2010

Independent auditor report on the review of information provided by the company through the report prepared by ASF on 31.12.2018 by the company "COMPA" S.A. Sibiu

To The Board of Directors of the Company COMPA S.A.

1. We performed certain procedures on the Current Report under Regulation FSA. nr. 5/2018 drafted by the company for the period July 1 st 2018 – December 31th 2018, in relation to contracts and additional documents signed by the company in the aforementioned period by administrators, employees, significant shareholders and transactions carried with affiliated parties, as stipulated in Art. 82(1) of Regulation no. 24/2017. The responsibility of preparing reports falls under the management of the company.

Management's responsibility

1. The management is responsible for the drawing up and a fair presentation of the Current Report according to the reported transactions as stipulated in Art. 82(1) of Regulation no. 24/2017 and under Regulation FSA. nr. 5/2018, for being complete and the information presented, as well as for transmitting the Current Report to the Financial Supervision Authority ("ASF") and the Bucharest Stock Exchange ("BSE").

Independent Auditors Responsibility

1. Our responsibility is to examine the reported transactions presented by the company and to report in the form of an independent conclusion based on the obtained investigations. We conducted our engagement in accordance with the International Standard on Assurance Engagements (ISAE) 3000, "Revised, Assurance Engagements Other than Audits or Reviews of Historical Financial Information".

According to this standard, our conclusion is based on the procedures applied by us, mentioned below, which require planning and performing the audit in such a way to obtain a reasonable assurance of the fact that the reports prepared for the period July 1 st 2018 – December 31th 2018, by COMPA S.A. Sibiu, respectively the price of the transactions included in the Current Report is comparable in all significant aspects, with similar transaction prices with third parties.

Procedures performed

1. We performed the following procedures on the Current Report:

2. We received from the company's management the Current Report under Regulation FSA nr. 5/2018 drafted by the company for the period July 1 st 2018 – December 31th 2018, and we verified whether the information included in this report are presented in accordance with art. 82(1) of Law 24/2017.

3. We received from the company's management access to all contracts and addenda and we checked the authenticity of these contracts as well as the authorized signatures.

4. For the transactions presented by the company under the Current Report, we verified the given elements with key information from the available contracts, the contracting parties, subject and value of contracts, as well as payment terms.

5. We discussed together with the management, the policies regarding contracts with administrators, employees, significant shareholders and affiliated entities to determine whether the agreed prices between the parties are comparable in all significant aspects with similar transaction prices with third parties.

6. We compared the debts and bonds presented in the Current Report with the ones registered in the accounting records of the company.

The applicability area of a revision is lower than the one of an audit conducted in conformity with the International Audit Standards and consequently we cannot obtain the assurance that we will refer all matters that could be identified within a reasonable assurance engagement.

Conclusion

1. According to the aforementioned procedures performed on the documents included in the Current Report, we conclude the following:

2. The statements reported by the company are contracts with affiliated parties concluded in different time periods. These contracts include data which shows the purpose for which they were concluded, mainly the provision between COMPA SA and affiliated parties of utility, transportation, software and maintenance services, as well as supply and rental of property.

3. We have not observed elements that could lead to:

4. a) The information presented in the Current Report is not in accordance with all significant aspects of the legal requirements
5. b) The contracts made available to us were not properly authorized
6. c) The details presented in the Current Report are not consistent with key terms of the contracts, contract parties, subject and value of the contracts, as well as payment terms.

d) The terms and conditions of transactions presented in the Current Report conducted with administrators, personnel, significant shareholders and affiliated persons are not based on principles of pricing, but on policies which take into account the existing offers on the market in similar fields.

1. Our report refers only to transactions included in the Current Report in the above mentioned conditions and cannot be extended to include other reports by the company, taken into account either individually or as a whole.

This independent insurance report has been provided solely to inform the company's management. Its aim has mentioned in the first paragraph of the current report and cannot be used for any other purposes.

On behalf of Sib Expert SRL Registered with the Chamber of Financial Auditors in Romania with no. 318/2003

Pacurariu Ioan Registered with the Chamber of Financial Auditors in Romania with no. 341/2000

Sibiu, Romania: January 29 th 2019