EXMAR report 2025

 making assumptions and estimates that are reasonable in the circumstances. The board of directors is also responsible for the preparation of the consolidated sustainability statement, which includes the information established by the process,  in accordance with the requirements set out in article 3:32/2 of the Code of Companies and Associations, including the applicable European Sustainability Reporting Standards (ESRS);  in compliance with the requirements of Article 8 of the Taxonomy Regulation regarding the disclosure of the information included in subsection “2.6 EU Taxonomy” within the environmental section of the consolidated sustainability statement. This responsibility comprises:  designing, implementing and maintaining such internal control that the board of directors deems necessary for the preparation of the consolidated sustainability statement that is free frommaterial misstatement, whether due to fraud or error; and  the selection and application of appropriate sustainability reporting methods and making assumptions and estimates that are reasonable in the circumstances. The board of directors is responsible for overseeing the group’s sustainability reporting process. INHERENT LIMITATIONS IN PREPARING THE SUSTAINABILITY STATEMENT In reporting forward-looking information in accordance with ESRS, the board of directors is required to prepare the forward-looking information on the basis of disclosed assumptions about events that may occur in the future and possible future actions by the group. Actual outcomes are likely to be different since anticipated events frequently do not occur as expected and deviations may be of material importance. RESPONSIBILITIES OF THE STATUTORY AUDITOR RELATING TO THE LIMITED ASSURANCE ENGAGEMENT ON THE CONSOLIDATED SUSTAINABILITY STATEMENT Our responsibility is to plan and perform the assurance engagement to obtain limited assurance about whether the consolidated sustainability statement is free frommaterial misstatement, whether due to fraud or error, and to issue a limited assurance report that includes our conclusion. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence decisions of users taken based on the consolidated sustainability statement. As part of a limited assurance engagement in accordance with ISAE 3000 (Revised), as applicable in Belgium, we apply professional judgement and maintain professional scepticism throughout the engagement. The work performed in an engagement aiming to obtain a limited level of assurance, for which we refer to the section “Summary of the work performed” is less in scope than in an engagement aiming to obtain a reasonable level of assurance. Therefore, we do not express an opinion with a reasonable level of assurance as part of this engagement. Since the forward-looking information in the consolidated sustainability statement and the assumptions on which it is based, relate to the future, they may be affected by events that may occur in the future and/or by potential actions of the group. The actual outcomes are likely to be different from the assumptions made, as the anticipated events often do not occur as expected, and the deviation from them could be material. Therefore, our conclusion does not provide any assurance that the reported actual outcomes will correspond with those included in the forward-looking information in the consolidated sustainability statement. Our responsibilities in respect of the consolidated sustainability statement, in relation to the process, include:  obtaining an understanding of the process, but not for the purpose of providing a conclusion on the effectiveness of the process, including the outcome of the process; and  designing and performing procedures to evaluate whether the process is consistent with the group’s description of its process, as disclosed in the subsection “1.3 Double Materiality Assessment (DMA)“. Our other responsibilities in respect of the consolidated sustainability statement include:  acquiring an understanding of the group’s control environment, the relevant processes, and information systems for preparing the consolidated sustainability statement, but without assessing the design of specific control activities, obtaining supporting information about their implementation, or testing the effective operation of the established internal control measures;  identifying where material misstatements are likely to arise in the consolidated sustainability statement, whether due to fraud or error; and  designing and performing procedures responsive to where material misstatements are likely to arise in the consolidated sustainability statement. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. 3.5 APPENDIX 145B