We have compared the amounts shown

We have compared the amounts shown in the schedule included in Appendix 1 to this letter prepared by the management of the Company (the “Schedule”), relating to operating revenue, total profit, interest expense, depreciation of fixed assets , paid-in capital, total owner’s equity, borrowings due after more than one year (“long-term loans”), borrowings due within one year (“short-term loans”) , monetary capital, net current assets , total current assets and total current liabilities, to the October 2019 Management Accounts, October 2018 Management Accounts or the 31 December 2018 audited consolidated financial statements as appropriate and found them to be in agreement. We have recalculated the changes set out in the Schedule and found them to be arithmetically accurate.