BC Nordics ApS CVR-m, 34 72 58 96 Company reg. no. 34 72 58 96

BC Nordics ApS CVR-m, 34 72 58 96 Company reg. no. 34 72 58 96 Arsrapport Annual report 1. januar - 31. december 2014 1 January - 31 December 2014 Arsrapporten or kelp lagt og godkondt pa selskabets ordintere generalforsamling den The annual report has been submitted and approved by the general ',weft on the. A 0 i1 :IF TA.T3roekinalls Chnisman Olthe twang

Indholdsfortegnelse Contents Pategninger Reports LedelsespAtegning 1 Management's report Den uafluengige revisors erkla...ringer 2 The independent auditor's reports Side Pagg Ledelsesberetning Management's review Selskabsoplysninger 5 Company data Ledelsesberetning 6 Management's review Arsregnskab 1. januar - 31. december 2014 Annual accounts 1 imam - 31 December 2014 Anyendt regnskabspraksis 7 Accounting policies used Resultatopgorelse 12 Profit and loss account Balance 13 Balance sheet Noter 15 Notes Notes to users of the English version of this document: This document contains a Danish version as well as an English version. In the event of any dispute regarding the interpretation of any part oldie document, the Danish version of the document shall prevail. To ensure the greatest possible applicability of the English version of the document, British English terminology has been used. Please note Mat decimal points remain unchanged from the Danish version of the document. This means that for instance DKK 146.940 is the same as the English amount of DKK 146,940, 0»d that 23,5 % is the same as the English 23.5 %. BC Nordics ApS Arsrapport for 2014

LedelsespAtegning Management's report Bestyrelso og direktion bar dags dato aflagt fitsrapporten for regnskabsaret 1, januar - 31. december 2014 for 13C Nordics ApS. The hoard of directors and the managing director have today presented the annual report of BC Nordics ApS for Mc financial year 1 Januasy to 31 December 2011. Arsrapporten er aflagt i ovcrensstemmelse med Arsregnskabsloven. The annual report has been presented In accordance with the Danish Financial Statements Act. Vi rinser den valgtc regnskabspraksis for hensigtsnuessig, og eller vores opfauelse giver Arsregnskabet ci retvisende billede of selskabets aktiver, passiver og finansielle stilling pr. 31. december 2014 samt af resultatet af selskabets aktivitetcr for regnskabstiret I. januar - 31. december 2014. We consider the accounting polkies used appromlate, and In our opinion the annual accounts provide a true mid Ja view of the company's assets and liabilities and its Jhumcial position as on 31 December 2011 and of the compa»y's mulls oft!: activities ha the financial year 1 Janumy to 31 December 2011. Ledelscsberetningen indeholder eller vorcs opfattelse on retvisende redegorelse for dc forhold, som beretningen =handler. life are of tlw opinion that the management's review includes a fidr descripihm of the issues dealt with. Arsrapporlen indstilles lii generalforsamlingens godkendelse. The amnia! report is recommended far approwd bv the general meeting. Kobenhavn, den 11. maj 2015 Copenlusgen, 11 May 2015 DIreklion Manuel Michel J. P urr6 Bestyrehe Rom of dh ectors Jean Paul P. M. Torris Betrand P. %on 13C Nordics ApS Arsropport for 201,1 1 Animal repori for 2014

Den unfliwngige revisers erklwringer The independent auditor's reports Til kapitalejerne i BC Nordics ApS To the shareholders of BC Nordics ApS PAtegning pi Arsregnskabet Report on the annual accounts Vi har revideret Arsregnskabet for BC Nordics ApS for regnskabsiret 1. januar - 31. december 2014, der omfatter anvendt regnskabspraksis, resultatopprelse, balance og 'toter. Arsregnskabet udarbejdes efter Arsregnskabsloven. We have audited the annual accounts of BC Nordics ApS for the financial year 1 Jauntily to 31 December 2014, which comprise accounting policies used, profit and loss account, balance sheet and notes. The annual accounts are prepared in accordance with the Danish Financial Statements Act. Ledelsens ansvar for Arsregnskabet The management's responsibility for the annual accounts Ledelsen har ansvaret for udarbejdelsen af et Arsregnskab, der giver et retvisende billede i overensstemmelse med Arsregnskabsloven. Ledelsen har endvidere ansvaret for den interne kontrol, som ledelsen anser nodvendig for at udarbejde et Arsregnskab uden vwsentlig fejlinformation, uanset om denim skyldes besvigelser eller fejl. The management is responsible for the preparation of animal accounts that give a true and fair view in accordance with the Danish Financial Statements Act. Furthermore, the management is responsible for such internal control as ii determines necesseny in order to prepare annual accounts that are free from material misstatement, whether due to fraud or error. Revisors ansvar Auditor's responsibility Vores ansvar er at udtrykke en konklusion om Arsregnskabet pa grundlag af vores revision. Vi bar udfort revisionen i overensstemmelse med internationale standarder om revision og yderligere krav ifolge dansk revisorlovgivning. Dette kriever, at vi overholder etiske krav saint planlwgger og udforer revisionen for at poi hoj grad af sikkerhed for, om Arsregnskabet er uden wesentlig fejlinformation. Our responsibility is to express an opinion on the annual accounts based on our audit. We conducted our audit in accordance with international standards on auditing and additional requirements under Danish audit regulation. This requires that we comply with ethical requirements and plan and peitorm the audit to obtain reasonable assurance about whether the annual accounts are free from material misstatements. BC Nordics ApS Arsrapport for 2014 2

Den uafligengige revisors erklwringer The independent auditor's reports En revision omfatter udforelse af revisionshandlinger for at opna revisionsbevis for belob og oplysninger i Arsregnskabet. De valgte revisionshandlinger afhamger af revisors vurdering, herunder vurdering af risiei for vresentlig fejlinformation i Arsregnskabet, uanset om denne skyldes besvigelser eller fejl. Ved risikovurderingen overvejer revisor intern kontrol, der er relevant for selskabets udarbejdelse af et Arsregnskab, der giver et retvisende billede. FonnAlet bermed er at udforme revisionsbandl lager, der er passende efter omstmndighederne, men ikke at udtrykke en konklusion om effektiviteten af selskabets interne kontrol. En revision omfatter endvidere vurdering af, om ledelsens valg af regnskabspraksis er passende, om ledelsens regnskabsimessige skon er rimelige saint den samlede pnesentation af Arsregnskabet. An audit involves peifirming procedures to obtain audit evidence about the amounts and disclosures in the amnia! accounts. The procedures selected depend soil the auditor's judgement, including the assessment of the risks of material misstatements in the annual accounts, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the company's preparation of annual accounts that give a true and fair view 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 company's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the management, as well as the overall presentation of the annual accounts. Det er vores opfattelse, at det opnaede revisionsbevis er tilstnekkeligt og egnet som grundlag for vores konk fusion. IVe believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opiniom Revisionen har ikke givet an ledning til forbehold. The audit has not resulted in any qualification. BC Nordics ApS Arsrapport for 2014 3

Den nafliwngige revisers erklwringer The independent auditor's reports Konklusion Opinion Det er votes opfattelse, at Arsregnskabet giver et retvisende billede af selskabets aktiver, passiver og finansielle stilling pr. 31. december 2014 samt af resultatet af selskabets aktiviteter for regnskabsaret I. januar - 31. december 2014 i overensstemmelse med firsregnskabsloven. In our opinion, the ammo! accounts give a true and fair view of the company's assets, liabilities and financial position at 31 December 2014 and of ihe results of the company's operations for the financial year I Jamany to 31 December 2014 in accordance with the Danish Financial Statements Act. Udtalelse om ledelsesberetningen Statement on the management's review Vi liar i henhold til Arsregnskabsloven gennemlmst ledelsesberetningen. Vi liar ikke foretaget yderligere handlinger i tiiig til den udforte revision af Aisregnskabet. Det er pa denne baggrund volts opfattelse, at oplysningerne i ledelsesberetningen er i overensstemmelse med Arsregnskabet. Pursuant to the Danish Financial Statements Act, we have read the management's review. We have nol pmformed any fiwther procedures in addition to the audit of the annual accounts. On this basis, is our opinion that the information provided in the management's review is consistent with the annual accounts. Hellerup, den 11. maj 2015 Hellerup, 11 May 2015 PrieewaterliouseCoopers Statsnutoriscret Revisionspannerselskab State Authorized Public Accountants Flemm g Eg er Baumbach slatsnumpfiscrcl revisor statsautoriseret revisor State ithorised Public Accountant State Authorised Public Accountant BC Nordics ApS Arsrapport for 2014 4 Annual repon for 2014

Selskabsoplysninger Company data Selskabet BC Nordics ApS The company Langebrogade 5 1411 Kobenhavn K Telefon: 88 51 04 90 Phone: CVR-nr.: 34 72 58 96 Company reg. no.: RegnskabsAr: 1. januar 2014-31. december 2014 Financial year: 1 January 2014-31 December 2014 2. regnskabsar 2ndfinancial year Bestyrelse Board of directors Johannes A. M. Broekmans, (formand), Jean Paul P. M. TOMS, Betrand P. Wm, Direlction Managing Director Michel J. P. L. Duleu-Burre, Revision Auditors PricewaterhouseCoopers, Strandvejen 44, 2900 Hellerup Bankforbindelse Bankers BNP Paribas BC Nordics ApS Arsrapport for 2014 5

Ledelsesberetning Management's review Virksomhedens viesentligste aktiviteter The significant activities of the enterprise Selskabets formal er import og eksport, forhandling og markedsforing af enhver form for fodevareprodukter. The purpose of the company is import and export, trading and marketing of any kind of food products. Udvikling i aktiviteter og okonomiske forhold Development in activities and financial affairs Det ordinrere resultat efter skat udgor 2.248.653 kr. Ledelsen anser Arets resultat for tilfredsstillende. The results from ordinary activities after tax are DKK 2.248.653. The management consider the results satisfactory. Begivenheder efter regnskabsfirets udlob Events subsequent to the end of the financial year Efter regnskabsarets afslutning er der ikke indtruffet begivenheder, som vii kunne forrykke selskabets finansielle stilling viesentligt. No events have occurred subsequent to the balance sheet date, which would have material impact on the financial position 6j-the company. BC Nordics ApS Arsrapport for 2014 6 Annual repod far 2014

Anvendt regnskabspraksis Accounting policies used Arsrapporten for BC Nordics ApS er aflagt i overensstemmelse med arsregnskabslovens bestemmelser for en klasse B-virksomhed. The annual report for BC Nordics ApS is presented in accordance with those regulations of the Danish Financial Statements Act concerning companies ide»tified as class B enterprises. Arsrapporten er aflagt efter samme regnskabspraksis son) sidste Ar og afinges i danske kroner. The accounting policies used are unchanged compared to last year, and the annual accounts are presented in Danish kroner (DKK). Sammenligningstallene vedrorer selskabets forste regnskabsfir, omfattende en periode pa 14,5 maned. The comparative jiancial figures covers the first financial year of the company and a period of 14,5 months. Generelt om indregning og maling Recognition and measurement in general I resultatopgorelsen indregnes indtnter i takt med, at de indtjenes. Herunder indregnes vxrdireguleringer af finansielle aktiver og forpligtelser. I resultatopgorelsen inclregnes ligeledes alle omkostninger, herunder afskrivninger, nedskrivninger og hensatte forpligtelser saint tilbageforsler som folge af wndrede regnskabsnuessige skon af belob, der tidligere liar vwret indregnet i resultatopgorelsen. Income is recognised in the profit and loss account concurrently with its realisation, including the recognition of value adjustments offinancial assets and liabilities. Likewise, all costs, these including depreciation, amortisation, writedom provisions, and reversals which are due to changes in estimated amounts previously recognised in the profit and km account are recognised in the profit and loss account. Aktiver indregnes i balance!), nar det er sandsynligt, at fremtidige okonomiske fordele vii tilflyde selskabet, og aktivets vwrdi kan males palideligt. Assets are recognised in the balance sheet when the company is liable to achieve future, financial benefits and the value of the asset can be measured reliably. Forpligtelser indregnes i balance!), nar det er sandsynligt, at fremtidige okonomiske fordele vii fraga selskabet, og forpligtelsens werdi kan males Liabilities are recognised in the balance sheet when the company is liable to loose future, financial benefits and the value of the liability can be measured reliably. Ved forste indregning males aktiver og forpligtelser til kostpris. Efterfolgende males aktiver og forpligtelser som beskrevet nedenfor for liver enkelt regnskabspost. iii the first recognition, assets and liabilities are measured at cost. Later, assets and liabilities are measured as described below for each individual accounting item. BC Nordics ApS Arsrapport for 2014 7 Annual 'von for 2014

Anvendt regnskabspraksis Accounting policies used Visse flnansielle aktiver og forpligtelser males til amortiseret kostpris, hvorved der indregnes en konstant effektiv rente over lobetiden. Amortiseret kostpris opgores som oprindelig kostpris med fradrag af eventuelle afdrag saint tilln/fradrag af den akkumulerede amodisering af forskellen mellem kostpris og nom inelt belob. Herved fordeles kurstab og kursgevinst over aktivets eller forpligtelsens lobetid. Certain fixed asset investments and liabilities are measured at amortised cost, by which method a fixed, effective interest is recognised during the useful life of the asset or the liability Amortised cost is recognised as the original cost with deduction of any payments and additions/deductions of the accrued amortisation of the difference between cost and nominal amount. In this way capital losses and capital profits are spread over the useful life. Ved indregning og maling tages hensyn til forudsigelige tab og risici, der fremkommer inden Arsrapporten afinges, og som vedrorer forhold, der eksisterede pa balancedagen. At recognition and measurement, such predictable losses and risks are taken into consideration, which may appear before the annual report is presented, and which concerns matters existing on the balance sheet date. Omregning af fremmed valuta Translation offoreign currency Transaktioner i fremmed valuta omregnes til transaktionsdagens kurs. Valutakursdifferencer, der opstar mellem transaktionsdagens kurs og kursen pa betalingsdagen, indregnes i resultatopgorelsen som en finansiel post. Transactions in foreign currency are translated by using the exchange rate prevailing at the date of the transaction. Differences in the rate of exchange arising between the rate at the dale of transaction and the rate at the date of payment are recognised in the profit and loss account as an item under net financials. Tilgodehavender, gaid og andre monetwe poster i frenuned valuta, som ikke er afregnet pa balancedagen, omregnes til balancedagens valutakurs. Forskellen mellem balancedagens kurs og kursen pa tidspunktet for tilgodehavendets eller gmldens opstaen indregnes i resultatopgorelsen under finansielle indtmgter og omkostninger. Debtors, creditors, and other monelaly items in foreign currency, which are not settled at the date of the balance sheet, are translated by using the closing rate. The difference between the closing rate and the rate at the time of establishment of the receivable or the payable is recognised in the profit and loss account under financial income and financial costs. Afledte fluansielle instrumento. Derived financial instruments Afledte finansielle instrumenter indregnes forste gang i balancen til kostpris og males efterfolgende til dagsvxrdi. Positive og negative dagsvezrdier af afledte finansielle instrumenter hid* i andre tilgodehavender henholdsvis andel' gwld. At the first recognition, derived financial 'minimills are recognised at cost in the balance sheet. Afterwards they are measured at fair value. Positive and negative fair values of derived financial instruments are recognised under other debtors and other creditors respectively BC Nordics ApS Arsrapport for 2014 8 Animal report for 2014

Anvendt regnskabspraksis Accounting policies used iendringer i dagsvxrdien af afledte finansielle instrumenter, der er beregnet til sikring af dagsvxrdien af et indregnet aktiv eller en indregnet foipligtelse, indregnes i resultatopgorelsen sammen med eventuelle xndringer i dagsvaardien af det sikrede aktiv eller den sikrede forpligtelse. Changes in!heftily value of derived financial instruments classified as and meeting the criteria for hedging the fair value of a recognised asset or a recognised liability are recognised in the profit and loss account together with any changes in the fair value of the hedged asset or the hedged liability. Resultatopprelsen The profit and loss account Bruttofortjeneste Gross profit Med henvisning til arsregnskabslovens 32 er nettoomsmtningen ikke oplyst i arsrapporten. IVA reference to section 32 of the Danish Financial Statements Act, revenue has not been disclosed in the Annual Report. Bruttofortjeneste indeholder nettoomsxtning, xndring i lagre af fxrdigvarer opfort under aktiver, andre driftsindtwgter saint eksterne omkostninger. The gross profit comprises the net turnover, changes in inventories capitalised, other operating income, and external costs. Nettoomsmning indregnes i resuhatopgorelsen, safremt levering og risikoovergang til kober liar fundet sted inden arets udgang, og safremt indtwgten kan opgores pilideligt og forventes modtaget. Nettoomseetningen indregnes eksklusive moms og afgifter og med fradrag af rabatter i forbindelse med salget. The net turnover is recognised in the profit and loss account if delivery and risk transfer to the buyer have taken place before the end of the year, and if the income can be determined reliably and is expected to be received. The net turnover is recognised exclusive of VAT and laves and with the deduction of any discounts granted in connection with the sale. Vareforbrug omfatter omkostninger til kob af ravarer og hjlpematerialer med fradrag af rabatter saint arets forskydning i varebeholdningerne. Cost of sales include costs for the purchase of ran' materials and consumables less discounts and changes in inventories. Andre eksterne omkostninger omfatter omkostninger til distribution, salg, reklame, administration, lokaler, tab pa debitorer og operationelle leasingomkostninger. Other external costs comprise costs for distribution, sales, advertisement, administration, premises, loss on debtors, and operational leasing costs. BC Nordics ApS Arsrapport for 2014 9 Annualreportfir2014

Anvendt regnskabspraksis Accounting policies used Personaleonthostninger Staff costs Personaleomkostninger omfatter Ion og gager, ink lusive feriepenge og pensioner samt andre omkostnin- ger til social sikring my, til selskabets medarbejdere. I personaleomkostninger er fratrukket modtagne godtgorelser fra offentlige myndigheder. Staff costs include salaries and wages including holiday allowances, pensions and other costs for social security etc. for staff members. Staff costs are less public reimbursements. Finansielle poster Net financials Finansielle poster omfatter renteindtmgter og -omkostninger samt real iserede og urealiserede kursavancer og -tab yedrorende finansielle aktiver og forpligtelser. Finansielle indtwgter og omkostninger indregnes i resultatopgorelsen ined de belob, der vedrorer regnskabsaret. Net financials include interest income, interest expenses, and realised and unrealised capital gains and losses on.financial assets and liabilities. Net financials are recognised in the profit and loss account with the amounts concerning the financial year. Skat af firets resultat Tax of the results for the year Arets skat, der bestar af arets aktuelle selskabsskat og wndring i uclsktidt skat, indregnes i resultatopgorelsen med den del, der kan henfbres til arets resultat, og direkte i egenkapitalen med den del, der kan benfixes til posteringer direkte pa egenkapitalen. The tax for the year comprises the current tax for the year and the changes in deferred tax, and it is recognised in the profit and loss account with the share referring to the results for the year and directly in the equity with the share re erring to entries directly on the equity. Balancen The balance sheet Varebeholdninger Inventories Varebeholdninger males til kostpris pa grund lag af vejede gennemsnitspriser, Er nettorealisationsvxrdien af varebeholdninger layere end kostprisen, nedskriyes til denne lavere Inventories are measured at cost on basis of measured average prices. hi case Me net realisable value is lower than the cost, writedown takes place at this lower value. BC Nordics ApS Arsrapport for 2014 10

Anvendt regnskabspraksis Accounting policies used Tilgodeliavender Debtors Tilgodehavender males til amortiseret kostpris, Iwilket szdvanligvis svarer til nominel vxrdi. Der ned- skrives til nettorealisationsvxrdien med henblik pa at imodega forventede tab. Debtors are measured at amonised cost which usually corresponds to face value. In order to meet expected losses, writedown takes place at the net realisable value. Periodeafgmnsuingsposter Accrued income and deferred expenses Periodeafgrmsningsposter, som er indregnet under aktiver, omfatter afholdte omkostninger vedrorende efterfolgende regnskabsor. Accrued income and deferred expenses recognised under assets comprise incurred costs concerning the next financial year. Udbytte Dividend Udbytte, som ledelsen foreslar fordelt for regnskabsfiret, vises som en smrskilt post under egenkapitalen. Dividend distribution proposed by the management for the year is disclosed as a separate equity item. Selskabsskat og udskudt skat Corporate tax and deferred tax Aktuelle skattetilgodehavender og -forpligtelser indregnes i balancen med det belob, der kan beregnes pa grundlag af Arets forventede skattepligtige indkomst reguleret for skat af tidligere Ars skattepligtige indkomster saint for betalte acontoskatter. Skattetilgodehavender og -forpligtelser prmsenteres modregnet i det omfang, der er legal modregningsadgang, og posterne forventes afregnet netto eller samtidig. Current lax receivable and tax liabilities are recognised in the balance sheet at the amount calculated on the basis of the expected taxable income for the year adjusted for tax on previous years' taxable income and prepaid taxes. Tax receivable and tar liabilities are set off to the extent that legal right of set-off exists and ([the items are expected to be settled net or simultaneously. Gmldsforpligtelser Liabilities Andre gmldsforpligtelser inales til ammtiseret kostpris, bvilket swdvanligvis svarer til nominel mrdi. Other liabilities are measured at amortised cost which usually corresponds to the nominal value. BC Nordics ApS Arsrapport for 2014 II

Resultatopgorelse Profit and loss account Amounts concerning 2014: DKK Amounts concerning 2012/13: DKK in thousands. 1/12014 15/102012-31 /1 22014-31/122013 Note kr. t.kr. Bruttofortjeneste Gross profit 7.978.466 7.907 1 Personaleomkostninger Staff costs -5.238.273-4.481 Driftsresultat Operating profit 2.740.193 3.426 2 Finansielle indtgter Financial income Finansielle ontkostninger Financial costs 1.285.007 326-1.026.996-866 Resultat for shot Results before tax 2.998.204 2.886 3 Skat af Arets resultat Tax on ordinaty results -749.551-734 Arets resultat Results for the year 2.248.653 2.152 Forslag til resultatdisponering: Proposed disposal of the results: Udbytte for regnskabsaret Dividend for the financial year 4.366.000 0 Overfores til overfort resultat Disposed to results brought,forward 0 2.152 Disponeret fra overfort resultat Disposedfrom results brought forward -2.117.347 0 Disponeret i alt Disposals in total 2.248.653 2.152 BC Nordics ApS Arsrapport for 2014 12 Annual report fin. 2014

Balance 31. december Balance sheet 31 December Amounts concerning 2014: DKK. Amounts concerning 2012113: DKK in thousands. Aktiver Assets 2014 2012/13 Note kr. t.kr. Ontseetningsaktiver Current assets Fremstillede varer og handelsvarer Alatntfactured goods and trade goods 90.894 184 Varebeholdninger i alt Inventories in total 90.894 184 Tilgodehavender fra salg og tjenesteydelser Trade debtors 21.928.019 20.637 Tilgodehavende selskabsskat Receivable corporate tax 41.267 106 Andre tilgodehavender Other debtors 1.627.087 626 Periodeafgrxnsningsposter Accrued income and deferred expenses 38.732 39 Tilgodehavender i alt Debtors in total 23.635.105 21.408 Likvide beholdninger Cash funds 9.902.009 1.497 Ontswtningsaktiver i alt Current assets In total 33.628.008 23.089 Alttiver i alt Assets in total 33.628.008 23.089 BC Nordics ApS Arsrapport for 2014 13

Balance 31. december Balance sheet 31 December Amounts concerning 2014: DKK. Amounts concerning 2012/13: DKK in thousands. Passiver Liabilities 2014 2012/13 Note kr. t.kr. Egenkapital Equity 4 Virksomhedskapital Contributed capital 3.700.000 3.700 5 Overfeirt resultat Results brought forward 34.802 2.152 6 Foreslaet udbytte for regnskabsaret Proposed dividend for the financial year 4.366.000.0 Egenkapital i alt Equity in total 8.100.802 5,852 GwIdsforpligtelser Liabilities Geld til pengeinstitutter Bank debts 10.105.861 1.524 Leverandorer af varer og tjenesteydelser Trade creditors 5.937,934 5,954 Geld til tilknyttede virksomheder Debt to group enterprises 8,410.203 8.795 Anden geld Other debts 1.073.208 964 Kortfristede geldsforpligtelser i alt Short-term liabilities in total 25.527.206 17.237 Gmldsforpligtelser i alt Liabilities in total 25.527.206 17.237 Passiver i alt Liabilities in total 33.628.008 23.089 7 Eventualposter Contingencies 8 Nwrtstfiende parter Related parties BC Nordics ApS Arsrapport for 2014 14

No ter Notes Amounts concerning 2014: DKK. Amounts concerning 2012/13: DKK in thousands. 1/12014 15/102012-31/12 2014-31/12 2013 kr, t.kr. 1. Personaleoutkostninger Stqf costs Loiminger og gager Salaries and wages Pensioner Pension costs Andre omkostninger til social sikring Other costs for social security 4,768.734 4.307 291.584 115 177.955 59 5.238.273 4.481 2. Finansielle indtmgter Financial income Renter, pengeinstitutter Interest, banks 0 2 Dagsvxrdiregulering af afledte fina us iel le instrumenter Profit on derived financial instruments 904.211 0 Valtitakursdifferencer Exchange differences 380.796 324 1.285.007 326 3. nal af arets resultat Tax on ordinary results Skat af Arets resultat Tax of the results for the year 749.551 734 749.551 734 BC Nordics ApS Arsrapport for 2014 15

Noter Notes Amounts concerning 2014: DKK. Amounts concerning 2012/13: DKK in thousands. 31/122014 31/122013 kr. t.kr. 4. Virksoniliedslcapital Contributed capital Virksomhedskapital 1. januar 2014 Contributed capital 1 January 2014 3.700.000 80 Kontant kapitaludvidelse Cash capital increase 0 3.620 3.700.000 3.700 Der liar siden stiftelsen vwret folgende beviegelser pa virksomhedskapitalen: Since the registration, the following changes in the share capital have taken place: 15. oktober 2012, kontant: 80.000 1.51h of October 2012, cash: 10. december 2012, kontant: 3.620.000 10th of Decemberber 2012, cash: 3.700.000 5. Over fort resultat Results brought forward Overfort resultat 1. januar 2014 Results brought forward 1 Jemmy 2014 2.152.149 0 Arets overforte overskud eller underskud Profit or loss for the year brought forward -2.117.347 2.152 34.802 2.152 6. ForeslAet udbytte for regnskabsaret Proposed dividend for the financial year Udbytte for regnskabsaret Dividend for the financial year 4.366.000 0 4.366.000 0 BC Nordics ApS Arsrapport for 2014 16

Noter Notes Amounts concerning 2014: DKK. Amounts concerning 2012/13: DKK in thousands. 7. Eventualposter Contingencies Eventualforpligtelser Contingent liabilities Selskabet hat leasingforpligtelser for 405,034 kr. pr. 31, december 2014. The company has leasing obligations of DKK 405.034 per 31st of December 2014.. 8. NwrtstAende parte'. Related parties Ejerforhold Ownership Folgende er noteret i selskabets fortegnelse som ejer af minimum 5 Va af stemmerne eller minimum 5 % af selskabskapitalen: According to the company's list of shareholders, the following shareholders own a minimum of 5 % of the voting rights or a minimum of 5 % of the share capital: Bongrain Europarticipations B.V. Herikerbergweg, Luna Arena, NL-1101 CM Amsterdam Zuidoost, Netherlands Selskabets um iddelbare moder el Bongrain Europarticipations By. Bongrain Europarticipations B. V. is the parent. Selskabet indgar i koncernrapporten for det ultimative moderselskab Bongrain SA. The Company is included in the Group Annual Report of Bongrain SA. Koncernrapporten for Bongrain SA kan rekvireres pa folgende adresse: Time Group annual Report qf Bongrain SA may be obtained at the following address: Bongrain SA 42 rue Rieussec 78220 Viroflay RCS Versailles 847 120 185 BC Nordics ApS Arsrappoii for 2014 17