Finance House P.J.S.C.

Report on review of the condensed Consolidated Interim Financial Information To the Shareholders of Finance House P.J.S.C.

Introduction

Grant Thornton and Accounting

– Abu Dhabi

Audit

Limited

Office 1101, 11th Floor

Al Kamala Tower

Zayed the 1st Street

Khalidiya

Abu Dhabi, UAE

T +971 2 666 9750 www.grantthornton.ae

We have reviewed the accompanying condensed consolidated statement of financial position of Finance House P.J.S.C. (the “Company”) and its subsidiaries (together the “Group”) as at 31 March 2023 and the related condensed consolidated interim statement of comprehensive income, condensed consolidated interim statement of changes in equity and condensed consolidated interim statement of cash flows for the threemonth period then ended, and other explanatory notes. Management is responsible for the preparation and fair presentation of this condensed consolidated interim financial information in accordance with International Accounting Standard 34 Interim Financial Reporting (“IAS 34”) as issued by the International Accounting Standard Board (IASB). Our responsibility is to express a conclusion on the condensed interim consolidated financial information based on our review.

Scope of review

We conducted our review in accordance with the International Standard on Review Engagements 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Basis for qualified conclusion

The Group’s investment in Empay LLC, an investment in associate accounted for using the equity method, is carried at AED 34,450 thousand as at 31 March 2023 We were unable to obtain sufficient appropriate evidence on the carrying amount of the Group’s investment in Empay LLC as at 31 March 2023, the Group’s share of Empay LLC’s net loss for the period ended and related disclosures because there was no financial information available for Empay LLC. Consequently, we were unable to determine whether any adjustments to these amounts were necessary.

Further, as described in note 2 to the condensed consolidated interim financial information, the Group has not applied the requirements of IFRS 17 “Insurance Contracts”, which is effective for the periods beginning on or after 1 January 2023, in the preparation of the condensed consolidated interim financial information. The Group is still in the process of implementing the provision of IFRS 17 “Insurance Contracts” and accordingly, we were not able to determine the impact of application of IFRS 17 “Insurance Contracts” on this condensed consolidated interim financial information.

Qualified conclusion

Based on our review, with the exception of the matters described in the preceding paragraphs, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial information is not prepared, in all material respects, in accordance with International Accounting Standard 34 “Interim Financial Reporting” as issued by the IASB.

Other Matters

The condensed consolidated interim financial information as at and for the three-month period ended 31 March 2022 was reviewed by another auditor, who expressed an unmodified review conclusion dated 12 May 2022

The consolidated financial statements of the Group as at and for the year ended 31 December 2022 were audited by another auditor, who expressed a qualified opinion on those financial statements on 14 February 2023.

Farouk Mohamed

Grant Thornton

Registration No 86

Abu Dhabi, United Arab Emirates

12 May 2023