Audit Report

    To the annual meeting of the shareholders of Copenhagen Malmö Port AB
    Corporate identity number 556027-4077

    Report on the annual accounts

    I have audited the annual accounts of Copenhagen Malmö Port AB for the financial year
    2012-01-01 - 2012-12-31.

    Responsibilities of the Board of Directors and the Managing Director for the annual accounts
    The Board of Directors and the Managing Director are responsible for the preparation and fair presentation of these annual accounts in accordance with the Annual Accounts Act and for such internal control as the Board of Directors and the Managing Director determine is necessary to enable the preparation of annual accounts that are free from material misstatement, whether due to fraud or error.

    Auditor’s responsibility

    My responsibility is to express an opinion on these annual accounts based on my audit. I conducted my audit in accordance with International Standards on Auditing and generally accepted auditing standards in Sweden. Those standards require that I comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the annual accounts are free from material misstatement.

    An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the annual accounts. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of 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 and fair presentation of the annual accounts 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 Board of Directors and the Managing Director, as well as evaluating the overall presentation of the annual accounts.

    I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion.

    Opinions

    In my opinion, the annual accounts have been prepared in accordance with the Annual Accounts Act and present fairly, in all material respects, the financial position of Copenhagen Malmö Port AB as of 31 December 2012 and of its financial performance and its cash flows for the year then ended in accordance with the Annual Accounts Act. The statutory administration report is consistent with the other parts of the annual accounts.

    I therefore recommend that the annual meeting of shareholders adopt the income statement and balance.

    Report on other legal and regulatory requirements

    In addition to my audit of the annual accounts, I have also audited the proposed appropriations of the company’s profit or loss and the administration of the Board of Directors and the Managing Director of Copenhagen Malmö Port AB for the financial year 2012-01-01 - 2012-12-31.

    Responsibilities of the Board of Directors and the Managing Director

    The Board of Directors is responsible for the proposal for appropriations of the company’s profit or loss, and the Board ofDirectors and the Managing Director are responsible for administration under the Companies Act.

    Auditor’s responsibility

    My responsibility is to express an opinion with reasonable assurance on the proposed appropriations of the company’s profit or loss and on the administration based on my audit. I conducted the audit in accordance with generally accepted auditing standards in Sweden.

    As a basis for my opinion on the Board of Directors’ proposed appropriations of the company’s profit or loss, I examined the Board of Directors’ reasoned statement and a selection of supporting evidence in order to be able to assess whether the proposal is in accordance with the Companies Act.

    As a basis for my opinion concerning discharge from liability, in addition to my audit of the annual accounts, I examined significant decisions, actions taken and circumstances of the company in order to determine whether any member of the Board of Directors or the Managing Director is liable to the company. I also examined whether any member of the Board of Directors or the Managing Director has, in any other way, acted in contravention ofthe Companies Act, the Annual Accounts Act or the Articles of Association.

    I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinions.

    Opinions

    I recommend to the annual meeting of shareholders that the profit be appropriated in accordance with the proposal in the statutory administration report and that the members of the Board of Directors and the Managing Director be discharged from liability for the financial year.


    Malmö 8 March 2013

    Signature on Swedish original

    Torbjörn Svensson     
    Authorized public accountant