CONSOLIDATED FINANCIAL STATEMENTS for the period from 1 July 2020 to 30 June 2021 Note: This is a translation of the German original. Solely the original text in German language is authoritative. INDEPENDENT AUDITOR'S REPORT To Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien, Dortmund REPORT ON THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS AND OF THE GROUP MANAGEMENT REPORT Opinions report specified in the "Other Information" section We have audited the consolidated financial of the auditor's report. The group management statements of Borussia Dortmund GmbH & Co. report contains cross-references that are not Kommanditgesellschaft auf Aktien, Dortmund required by law and which are marked as ("Borussia Dortmund") and its subsidiaries (the unaudited. Our audit opinion does not extend to Group), which comprise the consolidated statement the cross-references and the information to of financial position as of June 30, 2021, and the which the cross-references refer. consolidated statement of comprehensive income, consolidated statement of changes in equity and Pursuant to Section 322 (3) sentence 1 HGB consolidated statement of cash flows for the financial [Handelsgesetzbuch: German Commercial Code], year from July 1, 2020 to June 30, 2021, and notes we declare that our audit has not led to any to the consolidated financial statements, including a reservations relating to the legal compliance of the summary of significant accounting policies. In consolidated financial statements and of the group addition, we have audited the group management management report. report of Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien for the financial Basis for the Opinions year from July 1, 2020 to June 30, 2021. We conducted our audit of the consolidated financial statements and of the group management report in In our opinion, on the basis of the knowledge obtained accordance with Section 317 HGB and the EU Audit in the audit, Regulation No 537/2014 (referred to subsequently as "EU Audit Regulation") and in compliance with – the accompanying consolidated financial German Generally Accepted Standards for Financial statements comply, in all material respects, Statement Audits promulgated by the Institut der with the IFRSs as adopted by the EU, and the Wirtschaftsprüfer (IDW) [Institute of Public Auditors additional requirements of German commercial in Germany]. Our responsibilities under those law pursuant to Section 315e (1) HGB requirements and principles are further described [Handelsgesetzbuch: German Commercial Code] in the "Auditor's Responsibilities for the Audit of the and, in compliance with these requirements, give Consolidated Financial Statements and of the a true and fair view of the assets, liabilities, and Combined Management Report" section of our financial position of the Group as of June 30, 2021, auditor's report. We are independent of the group and of its financial performance for the financial entities in accordance with the requirements of year from July 1, 2020, to June 30, 2021, and European law and German commercial and – the accompanying group management report as professional law, and we have fulfilled our other a whole provides an appropriate view of the German professional responsibilities in accordance Group's position. In all material respects, this with these requirements. In addition, in accordance group management report is consistent with the with Article 10 (2)(f) of the EU Audit Regulation, we consolidated financial statements, complies with declare that we have not provided non-audit services German legal requirements and appropriately prohibited under Article 5 (1) of the EU Audit presents the opportunities and risks of future Regulation. We believe that the evidence we have development. Our opinion on the group obtained is sufficient and appropriate to provide a management report does not cover the content basis for our opinions on the consolidated financial of those components of the group management statements and on the group management report. 225