Castellana Properties Socimi S A : Financial Statements H12022

Castellana Properties Socimi, S.A. and subsidiaries

Report on limited review

Condensed consolidated interim financial statements for the six-month period ended September 30, 2021

This version of our report is a free translation of the original, which was prepared in Spanish. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the original language version of our report takes precedence over this translation.

Report on limited review of interim condensed consolidated financial

statements

To the shareholders of Castellana Properties Socimi, S.A.,

Introduction

We have performed a limited review of the accompanying condensed interim consolidated financial statements of Castellana Properties Socimi, S.A. (hereinafter, "the Parent Company") and its subsidiaries (hereinafter, "the Group"), which comprise the interim balance sheet at 30 September 2021, and the interim income statement, interim statement of other comprehensive income, interim statement of changes in equity, interim statement of cash flows and related notes, all condensed and consolidated, for the six month period then ended. The Parent company´s directors are responsible for the preparation of these interim condensed financial statements in accordance with the requirements of International Accounting Standard (IAS) 34, "Interim Financial Reporting", as adopted by the European Union, for the preparation of condensed interim financial information. Our responsibility is to express a conclusion on these interim condensed financial statements based on our limited review.

Scope of Review

We conducted our limited review in accordance with International Standard on Review Engagements 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A limited review is substantially less in scope than an audit conducted in accordance with legislation governing the audit practice in Spain and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion on these interim condensed financial statements.

Conclusion

Based on our limited review, that cannot be considered as an audit, nothing has come to our attention that causes us to believe that the accompanying interim condensed financial statements for the six month period ended 30 September 2021 have not been prepared, in all material respects, in accordance with the requirements of International Accounting Standard (IAS) 34, "Interim Financial Reporting", as adopted by the European Union, for the preparation of condensed interim financial statements.

Emphasis of Matters

We draw attention to note 2.1, in which it is mentioned that these interim condensed financial statements do not include all the information required of complete consolidated financial statements prepared in accordance with International Financial Reporting Standards, as adopted by the European Union, therefore the accompanying interim financial statements should be read together with the

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consolidated annual accounts of the Group for the year ended 31 March 2021. Our conclusion is not modified in respect of this matter.

Other matters

This report has been prepared as a request of the Board of Directors in relation to the publication of the semi-annual financial report required by Circular 3/2020 of Bolsas y Mercados Españoles for "Information to be provided by trading listed companies in the BME Growth segment of BME MTF Equity".

PricewaterhouseCoopers Auditores, S.L.

Original signed by

Rafael Pérez Guerra

17 November 2021

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CASTELLANA PROPERTIES SOCIMI, S.A. AND SUBSIDIARIES

Condensed Consolidated Interim Financial Statements for the six-month period ended

30 September 2021

Note

Condensed consolidated interim balance sheet

Condensed consolidated interim income statement

Condensed consolidated interim statement of comprehensive income Condensed consolidated interim statement of changes in equity Condensed consolidated interim cash flow statement

Notes to the condensed consolidated interim financial statements

1. Activities and general information
2. Basis for the presentation of the condensed consolidated interim financial statements
3. Significant changes for the period
4. Financial risk management
5. Segment reporting
6. Investment property
7. Loans and receivables
8. Shareholders' funds
9. Reserves and retained earnings

1. Creditors and payables
2. Provisions and contingencies
3. Parent company directors' remuneration, shareholdings and balances
4. Related-partytransactions and balances
5. Other information
6. Information requirements resulting from SOCIMI status
7. Events after the reporting period