Report on the review of consolidated interim financial statements to the Board of Directors of Bellevue Group AG, Zürich

Introduction

We have reviewed the accompanying consolidated interim financial statements of Bellevue Group AG and its subsidiaries (the Group) , which comprise the consolidated balance sheet as at 30 June 2026, the consolidated income statement, consolidated statement of comprehensive income, statement of shareholders’ equity, consolidated cash flow statement for the period from 1 January 2026 to 30 June 2026, and notes to the consolidated interim financial statements, including material accounting policy information. The Board of Directors is responsible for the preparation and fair presentation of these consolidated interim financial statements in accordance with International Accounting Standard 34 «Interim Financial Reporting». Our responsibility is to express a conclusion on these consolidated interim financial statements based on our review.

Scope of review

We conducted our review in accordance with Swiss Auditing Standard 910 «Review of financial statements» and International Standard on Review Engagements 2410 «Review of Interim Financial Information Performed by the Independent Auditor of the Entity». A review of consolidated interim financial statements 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 Swiss Standards on Auditing and 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.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying consolidated interim financial statements do not give a true and fair view of the consolidated financial position of the Group as at 30 June 2026 and of its consolidated financial performance and its consolidated cash flows for the period from 1 January 2026 to 30 June 2026 in accordance with International Accounting Standard 34 «Interim Financial Reporting».

PricewaterhouseCoopers AG

Zurich, 21 July 2026

PricewaterhouseCoopers AG, Birchstrasse 160, Postfach, 8050 Zurich, Switzerland
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