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Investor Presentaiton

Ferrero Group Sustainability Report 2022 Assurance letter (continued) pwc Introduction Our sustainability progress Our reporting F Within the scope of our engagement we did not perform an audit or a review on external sources of information or expert opinions, referred to in the 2022 Sustainability Report. Within the scope of our limited assurance engagement, we performed, amongst others, the following procedures: • we gained an understanding of the Selected Information and related disclosures; • we gained an understanding of the Assessment Criteria and their suitability for the evaluation and/or measurements of the Selected Information; ⚫ we gained an understanding of the internal control procedures in place supporting the gathering, aggregation, processing, transmittal of data and information and reporting of the Selected Information, including controls over third party information (if applicable) and performing. walkthroughs to confirm our understanding; ⚫ based on that understanding, we assessed the risks that the Selected Information may be materially misstated and determination of the nature, timing and extent of further procedures; ⚫ we inquired relevant Company management, personnel and third parties; • we performed analytical procedures related to the Selected Information; we considered the significant estimates and judgements made by management in the preparation of the Selected Information; we performed limited testing, on selective basis of evidence supporting the reported Selected Information and assessed the related disclosures. Limited Assurance Conclusion Based on the procedures we have performed and evidence we have obtained, nothing has come to our attention that causes us to believe that the Company's Selected Information for the period from 1 September 2021 to 31 August 2022 has not been prepared, in all material aspects, in accordance with the Assessment Criteria. pwc Restriction on Use and Distribution of our Report This report, including the opinion, has been prepared for and only for the Board of Directors in accordance with the terms of our engagement letter and is not suitable for any other purpose. We do not accept any responsibility to any other party to whom it may be distributed. PricewaterhouseCoopers, Société coopérative Represented by Luxembourg, 26 May 2023. Tal Ribon Réviseur d'entreprises agréé 4 3 91
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