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Page Background 1 / COMPANY ACTIVITY DURING THE FINANCIAL YEAR AND OUTLOOK FOR THE COMING YEAR 76 1.1 / APPROPRIATION OF EARNINGS 76 2 / FINANCIAL STATEMENTS 78 2.1 / INCOME STATEMENT 78 2.2 / COMPANY BALANCE SHEET 79 2.3 / STATEMENT OF CASH FLOWS 80 2.4 / CHANGE IN SHAREHOLDERS' EQUITY 81 3 / NOTES TO THE COMPANY FINANCIAL STATEMENTS 82 3.1 / ACCOUNTING RULES AND METHODS 82 3.2 / DETAIL OF BALANCE SHEET ITEMS 84 3.3 / DETAIL OF MAIN INCOME STATEMENT ITEMS 87 3.4 / FINANCIAL COMMITMENTS 87 3.5 / SUBSIDIARIES AND HOLDINGS 89 3.6 / IDENTITY OF THE CONSOLIDATING COMPANY 89 3.7 / ALLOCATION OF PERFORMANCE SHARES 89 3.8 / MISCELLANEOUS INFORMATION 90 4 / FINANCIAL RESULTS FOR LISI S.A. OVER THE PAST FIVE YEARS 90

COMPANY

FINANCIAL STATEMENTS

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LISI 2015 FINANCIAL REPORT