Talend S A : Statutory Auditors’ Report on Consolidated Financial Statements

	Vachon & Associés
KPMG Audit
Tour EQHO	Square Louvois
2 Avenue Gambetta	1-3, rue Lulli
CS 60055	75002 Paris
92066 Paris la Défense Cedex	France
France

Talend S.A.

Statutory auditors' report on the consolidated

financial statements

For the year ended December 31, 2020

Talend S.A.

5/7 rue Salomon Rothschild - 92150 Suresnes - France

	Vachon & Associés
KPMG Audit
Tour EQHO	Square Louvois
2 Avenue Gambetta	1-3, rue Lulli
CS 60055	75002 Paris
92066 Paris la Défense Cedex	France
France

This is a translation into English of the statutory auditors' report on the financial statements of the Company issued in French and it is provided solely for the convenience of English speaking users.

This statutory auditors' report includes information required by European regulation and French law, such as information about the appointment of the statutory auditors or verification of the management report and other documents provided to shareholders.

This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards applicable in France.

Talend S.A.

Registered office: 5/7 rue Salomon Rothschild - 92150 Suresnes - France

Share capital: €.2 560 842,08

Statutory auditors' report on the consolidated financial statements

For the year ended December 31, 2020

To the annual general meeting of Talend S.A.,

Opinion

In compliance with the engagement entrusted to us by your annual general meeting, we have audited the accompanying consolidated financial statements of Talend S.A. for the year ended December 31, 2020.

In our opinion, the consolidated financial statements give a true and fair view of the assets and liabilities and of the financial position of the Group as at December 31, 2020 and of the results of its operations for the year then ended in accordance with International Financial Reporting Standards as adopted by the European Union.

Basis for Opinion

Audit Framework

We conducted our audit in accordance with professional standards applicable in France. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Our responsibilities under those standards are further described in the Statutory Auditors' Responsibilities for the Audit of the Consolidated Financial Statements section of our report.

a private English company limited by guarantee.

de Versailles et du Centre

FR 77 775 726 417

Vachon & Associés

Talend S.A.

Statutory auditors' report on the consolidated financial statements

Independence

We conducted our audit engagement in compliance with independence rules applicable to us, for the period from January 1st, 2020 to the date of our report and specifically we did not provide any prohibited non-audit services referred to in the French Code of ethics (code de déontologie) for statutory auditors.

Justification of Assessments

Due to the global crisis related to the Covid-19 pandemic, the financial statements of this period have been prepared and audited under specific conditions. Indeed, this crisis and the exceptional measures taken in the context of the state of sanitary emergency have had numerous consequences for companies, particularly on their operations and their financing, and have led to greater uncertainties on their future prospects. Those measures, such as travel restrictions and remote working, have also had an impact on the companies' internal organization and the performance of the audits.

It is in this complex and evolving context that, in accordance with the requirements of Articles L.823-9 and R.823-7 of the French Commercial Code (code de commerce) relating to the justification of our assessments, [le cas échéant : and in addition to the matter described in the Material Uncertainty Related to Going Concern section], we inform you of the following matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period.

• Note 3 (c) discloses the accounting principles related to the functional currency and presentation currency adpted by the group. As part of our assessment of the the accounting principles used by the group, we have verified the appropriateness of the above mentionned accounting policy and have cheked that it has been correctly applied.
• Note 3 (d) "Revenue recognition" discloses the accounting principles related to revenue recognition principles adopted by the group for its products and services sold (subscriptions, professional services, and multiple element arrangements). As part of our assessment of the the accounting principles used by the group, we have verified the appropriateness of the above mentionned accounting policies and of the disclosures in the notes to the consolidated financial statements and we confirmed their correct application.

These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on specific items of the consolidated financial statements.

Specific Verifications

We have also performed, in accordance with professional standards applicable in France, the specific verifications required by laws and regulations of the Group information given in the management report of the Board of Directors approved on April 29, 2021.

For the year ended December 31, 2020

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Vachon & Associés

Talend S.A.

Statutory auditors' report on the consolidated financial statements

We have no matters to report as to its fair presentation and its consistency with the consolidated financial statements.

We attest that the consolidated non-financial statement required by Article L. 225-102-1 of the French Commercial Code (Code de commerce), is included in the Group's management report, it being specified that, in accordance with Article L. 823-10 of this Code, we have verified neither the fair presentation nor the consistency with the consolidated financial statements of the information contained therein. This information must be reported by an independent third party.

Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements

Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with International Financial Reporting Standards as adopted by the European Union and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless it is expected to liquidate the Company or to cease operations.

The consolidated financial statements were approved by the Board of Directors.

Statutory Auditors' Responsibilities for the Audit of the Consolidated Financial Statements

Our role is to issue a report on the consolidated financial statements. Our objective is to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with professional standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.

As specified in Article L.823-10-1 of the French Commercial Code (code de commerce), our statutory audit does not include assurance on the viability of the Company or the quality of management of the affairs of the Company.

As part of an audit conducted in accordance with professional standards applicable in France, the statutory auditor exercises professional judgment throughout the audit and furthermore:

• Identifies and assesses the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, designs and performs audit procedures responsive to those risks, and obtains audit evidence considered to be sufficient and appropriate to provide a basis for his opinion. The risk of not detecting a material misstatement resulting

For the year ended December 31, 2020

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Vachon & Associés

Talend S.A.

Statutory auditors' report on the consolidated financial statements

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.

• Obtains an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
• Evaluates the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management in the consolidated financial statements.
• Assesses the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. This assessment is based on the audit evidence obtained up to the date of his audit report. However, future events or conditions may cause the Company to cease to continue as a going concern. If the statutory auditor concludes that a material uncertainty exists, there is a requirement to draw attention in the audit report to the related disclosures in the consolidated financial statements or, if such disclosures are not provided or inadequate, to modify the opinion expressed therein.
• Evaluates the overall presentation of the consolidated financial statements and assesses whether these statements represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtains sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. The statutory auditor is responsible for the direction, supervision and performance of the audit of the consolidated financial statements and for the opinion expressed on these consolidated financial statements.

Paris La Défense, on the 30 April 2021

Paris, on the 30 April 2021

The Statutory Auditors

French original signed by

Stéphanie Ortega	Bertrand Vachon	Denis Morael
Partner	Partner	Partner

For the year ended December 31, 2020

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