Financial Statements Clausole campione

Financial Statements. The statutory financial statements of GSI for the periods ended December 31, 2015 and December 31, 2014 have been audited without qualification by PricewaterhouseCoopers LLP, Chartered Accountants and Statutory Auditors, 7 More ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇ ▇▇▇ in accordance with the laws of England. PricewaterhouseCoopers LLP is a registered member of the Institute of Chartered Accountants in England and Wales. PricewaterhouseCoopers LLP, which is a member of the American Institute of Certified Public Accountants and regulated as an independent registered public accounting firm under the rules of the Public Company Accounting Oversight Board, of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇, audited GSG's consolidated statements of financial condition as of December 31, 2015 and December 31, 2014 and the related consolidated statements of earnings, cash flows and changes in shareholders' equity for the fiscal years ended December 31, 2015 and December 31, 2014 and issued unqualified audit opinions thereon. The consolidated statements of GSG incorporated by reference in this Prospectus by reference from the GSG's 2015 Form 10-K for the fiscal year ended December 31, 2015 and management's assessment of the effectiveness of internal control over financial reporting (which is included in management's report on internal control over financial reporting) have been incorporated in reliance on the report of PricewaterhouseCoopers LLP included therein given on the authority of said firm as experts in auditing and accounting.

Financial Statements. Article 40

Financial Statements. The financial year of the Issuer is the calendar year (save that the first financial year is from the date of incorpo- ration to 31 December 2014). Set out below is an opening balance sheet of the Issuer as at 29 November 2013, the date of its incorporation. No financial statements of the Issuer have been drawn up (and audited) for any period since its incorporation. EUR (unaudited) Current assets Cash at bank 2,200,000 TOTAL ASSETS 2,200,000 Capital and reserves Subscribed capital 2,200,000 TOTAL LIABILITIES 2,200,000 In accordance with Articles 72, 74 and 75 of the Luxembourg act dated 10 August 1915 on commercial compa- nies, as amended, the Issuer is obliged to publish its annual accounts on an annual basis following approval of the annual accounts by the annual general meeting of the shareholders. The ordinary general meeting of share- holders takes place annually on the second Tuesday in April of each year at 3.00 p.m. Luxembourg time or, if such day is not a business day, the next following business day at the registered office of the Issuer or at such other place as may be specified in the convening notice. The first ordinary general meeting of shareholders should take place in 2015.