ANNUAL FINANCIAL STATEMENTS for the financial year 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 ANNUAL FINANCIAL STATEMENTS AND OF THE MANAGEMENT REPORT Opinions that are not provided for by law and which are We have audited the annual financial statements of marked as unaudited. Our audit opinion does not Borussia Dortmund GmbH & Co. Kommanditgesell- extend to the cross-references and the information schaft auf Aktien, Dortmund ("Company" or "Borussia to which the cross-references refer. Dortmund"), which comprise the balance sheet as of June 30, 2021 and thestatement of profit and loss Pursuant to Section 322 (3) sentence 1 HGB for the financial year from July 1, 2020 to June 30, [Handelsgesetzbuch: German Commercial Code], we 2021, and notes to the financial statements, declare that our audit has not led to any reservations including the recognition and measurement policies relating to the legal compliance of the annual presented therein. In addition, we have audited the financial statements and of the management report. management report of Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien for the Basis for the Opinions financial year from July 1, 2020 to June 30, 2021. We conducted our audit of the annual financial statements and of the 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 annual financial statements German Generally Accepted Standards for comply, in all material respects, with the Financial Statement Audits promulgated by the requirements of German commercial law Institut der Wirtschaftsprüfer [Institute of Public applicable to business corporations and give a Auditors in Germany] (IDW). Our responsibilities true and fair view of the assets, liabilities and under those requirements and principles are financial position of the Company as of June 30, further described in the "Auditor's Responsibilities 2021, and of its financial performance for the for the Audit of the Annual Financial Statements financial year from July 1, 2020 to June 30, 2021, and of the Management Report" section of our in compliance with German Legally Required auditor's report. We are independent of the Accounting Principles, and Company in accordance with the requirements of – the accompanying management report as a European law and German commercial and whole provides an appropriate view of the professional law, and we have fulfilled our Company's position. In all material respects, this other German professional responsibilities in management report is consistent with the annual accordance with these requirements. In addition, financial statements, complies with German legal in accordance with Article 10 (2)(f) of the EU Audit requirements and appropriately presents the Regulation, we declare that we have not provided opportunities and risks of future development. non-audit services prohibited under Article 5 (1) Our opinion on the management report does not of the EU Audit Regulation. We believe that the cover the content of those components of the evidence we have obtained is sufficient and management report specified in the "Other appropriate to provide a basis for our opinions on Information" section of the auditor's report. The the annual financial statements and on the management report contains cross-references management report. 109