BDO in Norway

BDO is organised as a limited company and is an audit firm authorised pursuant to the Norwegian Audit and Auditors Act. BDO is also an external accounting firm authorised under the Norwegian Authorisation of Accountants Act. BDO’s business in Norway is carried out by the companies BDO AS (org. no. 993 606 650) and BDO Advokater AS (org. no. 996 798 577). These two companies have no ownership in each other, but all equity partners in BDO Advokater AS are also equity partners in BDO AS.

BDO AS is the principal in BDO Internal partnership, in which all the shareholders in BDO AS participate as individual silent partners. The company model has been established for practical reasons. BDO AS cannot conduct any business other than what is conducted for BDO Internal partnership.

BDO AS is the only member of the company meeting, but all the participants are entitled to be present. Prior to each company meeting, a partner meeting is held which, with binding effect, makes decisions on issues to be discussed by the company meeting.

BDO’s operations in Norway are wholly owned by equity partners. As at 31 December 2021, there were 138 owners of BDO AS, of which 104 were audit partners, 9 advisory partners, 12 legal partners and 11 were accounting partners, in addition to 2 partners who are engaged in national management. All partners in BDO AS have an equal ownership share and are listed in the last part of this report. All partners are individual silent partners in BDO Internal partnership, with the addition of 12 partners without project responsibilities (ambassadors). BDO increased the audit business in 2021 by taking over operations in: • Regnskap og Revisjon Farsund (org.nr. 927 784 657)

• BDO’s business in Norway is operated by: - BDO AS (org.nr. 993 606 650) - BDO Advokater AS (org.nr. 996 798 577)

As at 31 December 2021, BDO has the following whollyowned subsidiaries: • Evolver by BDO AS (org.nr. 923 134 875) • Noraudit AS (org.nr. 968 008 358) • Inter Revisjon Norge AS (org.nr. 915 915 167)

BDO AS also has ownership shares in the following companies: • Ørje Næringspark AS (org.nr. 989 686 984) • Økonomiklyngen AS (org.nr. 917 592 950) • Godt Sagt AS (org.nr. 987 917 091) • Molde Sentrum AS (org.nr. 961 893 992)

Our clients range from large, worldwide companies to small and medium-sized enterprises. We have clients from most industries in both private and public sectors. When necessary, we collaborate with large parts of the BDO network on international as well as Norwegian clients.

Our values reflect our internal company culture. OPEN. CLOSE. BRAVE. We shall work closely with each other and with our clients with the appropriate expertise. Transparency shall contribute to improvement. Our clients shall perceive us as open and attentive. Our integrity as auditors and consultants shall be high – also in other areas than our profession requires. This implies that we must have the courage to challenge the clients, the market as well as ourselves.

All across Norway, thousands of businesses and organisations work hard to create value and BDO is there to help them. We are an international consultancy and audit firm deeply rooted in Norwegian society and business community. We are familiar with the challenges, see the opportunities and make strong commitments to help our clients reach their goals.