Banque de Tunisie Société anonyme: BT – Quarterly activity indicators as of 03/31/2022

TUNISIA SICAF INVESTMENTS

Public limited company with a capital of 10,000,000 Dinars

Headquarters: 2, Turkey Street – Tunis

The company “PLACEMENTS DE TUNISIE – SICAF publishes its indiactivity factors relating to 1era quarter 2022.

(In K.TND)

Income Dividends

Dividends received on listed securities Dividends received on unlisted securities capital gains

Capital gains on sale of listed securities Capital gains on sale of unlisted securities Others

Interest on term accounts Interest on certificates of deposit Attendance fees received Losses on sale of securities Financial charges

Operating expenses Allocations to provisions Reversal of provisionsFinancial fixed assets Listed securities

Other participations Short-term investments Listed securities

Other investments in equity securities Other investments in debt securities

Equity investments and disposals during the period

Equity investments Disposals at historical cost

Receivables attached to fixed assets. Financial

Cash and cash equivalents Total assets

From 01/01/2022 to 31/03/2022

151 115 – 115 – – – 35 – 35 – 83 – 65

March 2021 figures have been restated for comparability purposes.

176 – 60 151 – – 115 – – – 35

– 35 –

83 –

March-21

Dec-21 261 236 – 236 – – –

25

• – 25 – 4,460 -42%

• 3,448

• -51% 1,707

1,740 -51%

909

863 460

176 –

135 47 60

728

8.3% 18

268

466% 31

227

45%

9,263

12,341

10,149Var –

–

– –

–

– -53%

– 33% 40.50% –

• 7,030

  -31% 1,000 -33%

  199

618 419289–

–

–

18 19 081

20 16.60%

18,970

1.04%TUNISIA SICAF INVESTMENTS NOTOTES SUR LES IINDICATORS

ofACTIVITY HASRESET TO 31M

ARS 2022 1.

Bases retained for the elaboration of quarterly indicators:

Placement of Tunisia, SA with a capital of 10,000 KTND andclosed-end investment company. It is governed by Law No. 88-

92 of August 2, 1988, on investment companies, as amended and supplemented by Law No. 92-113 of November 23, 1992, Law No. 95-87 of October 30, 1995 and Law No. 2001-83 of July 24, 2001, Law No. 2001-91 of August 7, 2001 and Law No. 2003-80 of December 29, 2003.

Its purpose is to manage through the use of own funds, a

portfolio of transferable securities and may carry out operations related and compatible with this object.

From a tax point of view, the company is subject to the rules of common law. Its indicators are established in accordance with the provisions of the company accounting system.

2.

Accounting principles and methods:

The most significant principles and methods adopted for the preparation of the financial statements can be summarized as follows:

2.1 Financial fixed assets This heading consists mainly of long-term investments.

A long-term investment is an investment held with the intention of keeping it for a long time. in particular to exercise control, significant influence or joint control over the issuing company, or to obtain income and capital gains over a long period.

A long-term investment is also an investment that could not be classified as a long-term investment. short term.

Upon acquisition, investments long-term are recorded at cost. Acquisition costs, such as finder’s fees, fees, duties and bank charges are excluded.

On the closing date, long-term investments are valued at their value in use. The

capital losses in relation to the cost, give rise to the recognition of a provision. Capital gains are not recognized.

2.2 Investments and other financial assets

This item consists of short-term investments. A short-term investment is one that the company does not intend to hold for more than a year and which, by its nature, can be liquidated at short notice.

However, holding such an investment for a period longer than one year does not affect

cause, if the intention has not changed, its classification among short-term investments. Upon acquisition, investments are recorded at cost. Acquisition costs, such as finder’s fees, fees, duties and bank charges are excluded. At the closing date, short-term investments

are valued at market value for

listed securities and at fair value for other short-term investments, in order to recognize any possible impairment. This valuation was made using the price of March 31, 2022. 2.3 Sale of investments and related rights

In the event of the disposal of an investment, the difference between the book value and the sale proceeds, net of

charges, is taken to income. 2.4 Investment income

Investment income mainly includes dividends and interest. They are observed in products as soon as they are acquired even if they have not yet been collected.3. Highlights at the end of 1 era

Quarter 2022: At the end of 1 era quarter of 2022, the indicators

• of activity evolved as follows :  Revenues have decreased by 42% passing from 261 thousand dinars as of 03/31/2021, against

• 151 thousand dinars on 03/31/2022.  Operating expenses reached 65 thousand dinars as of 03/31/2022 against 60

thousand dinars as of 03/31/2021, i.e. an increase of 8.3%.4. Other highlights at the end of 1 era