The consolidated statement of financial position as of 1 January 2016 and 31 December 2016, the consolidated statement of income, statement of changes in equity and statement of cash flows for the year ended 31 December 2016 of BPI Real Estate Belgium SA (the “Company” and together with its subsidiaries, the “Group”) and some selective notes (the “Audited Condensed Consolidated Special Purpose Financial Statements”) and the interim consolidated financial statements of BPI Real Estate Belgium SA for the six months period 30 June 2017 which include a consolidated statement of financial position per 30 June 2017 (with comparatives per 31 December 2016) and a consolidated statement of income, statement of cash flows and statement of changes in equity for the si...
The consolidated statement of financial position as of 1 January 2016 and 31 December 2016, the consolidated statement of income, statement of changes in equity and statement of cash flows for the year ended 31 December 2016 of BPI Real Estate Belgium SA (the “Company” and together with its subsidiaries, the “Group”) and some selective notes (the “Audited Condensed Consolidated Special Purpose Financial Statements”) and the interim consolidated financial statements of BPI Real Estate Belgium SA for the six months period 30 June 2017 which include a consolidated statement of financial position per 30 June 2017 (with comparatives per 31 December 2016) and a consolidated statement of income, statement of cash flows and statement of changes in equity for the six months period ended 30 June 2017 (with comparatives per 30 June 2016) and some notes (the “Unaudited Condensed Consolidated Special Purpose Interim Financial Statements”) was prepared for the purpose of the proposed issue and public offering of bonds of BPI Real Estate Belgium SA (the “Issuer”) for an amount currently estimated at 30.000.000 EUR (the “Issue”or the “Bonds”) upon request of the Issuer.
The independent auditor’s reports on the Audited Condensed Consolidated Special Purpose Financial Statements and the Unaudited Condensed Consolidated Special Purpose Interim Financial Statements (the “Reports”) were prepared under the terms and conditions of the specific arrangement letter dated 20 November 2017 (the “Arrangement Letter”) between the Issuer, Belfius Bank SA/NV and BNP Paribas Fortis NV/SA (the “Lead Managers”) and Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA (“Deloitte”). The Issuer and the Lead Managers are the “Addressees” of the Arrangement Letter. The Arrangement Letter specified that the Audited Condensed Consolidated Special Purpose Financial Statements and the Unaudited Condensed Consolidated Special Purpose Interim Financial Statements had to include a note summarising the significant accounting policies. Under the Arrangement Letter it was specified that the Audited Condensed Consolidated Special Purpose Financial Statements and the Unaudited Condensed Consolidated Special Purpose Interim Financial Statements do not include the necessary disclosures in order to provide a true and fair view in accordance with International Financial Reporting Standards as adopted by the EU for the purpose of the bondholders of the Bonds.
These Reports are confidential and so the Issuer has sought Deloitte’s consent for the Report to be disclosed to you. This Reliance Letter determines the terms and conditions on which Deloitte will provide the Issuer with its consent to the disclosure of the Reports to you and on which Deloitte assumes a duty of care (“middelenverbintenis” – “obligation de moyen”) to you. For the avoidance of doubt, any restrictions on use and disclosure of the Reports or parts thereof do not apply to any confidential information, which is or comes into the public domain otherwise than by breach of any undertakings from this Reliance Letter or which was already known to you prior to the disclosure of the Reports or which is independently developed by you without using (the) confidential information or which is lawfully received and is to your knowledge free from any obligation of confidentiality and which Deloitte authorizes to be disclosed.
Although this letter is addressed to you, you acknowledge that Deloitte was not instructed by you and that the Reports were prepared on the basis of instructions received from the Addressees only and addresses issues solely from the Addressees’s perspective in connection with the Bonds. The Reports have been prepared solely at the direction of the Addressees and may not include all procedures. Consequently, the issues covered in the Reports and the emphasis placed upon them may not address or reflect the specific requirements, interests or circumstances of you. You should consider the extent to which the Reports meets your specific requirements and make any additional enquiries you consider necessary.
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The Audited Condensed Consolidated Special Purpose Financial Statements and the Unaudited Condensed Consolidated Special Purpose Interim Financial Statements as downloaded from this website, do not allow to have a true and fair view of the financial position and performance of the Group.
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