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Table of Contents
Report of Independent Registered Public Accounting Firm
TheBoardofDirectorsandShareholdersofSystemaxInc.
WehaveauditedtheaccompanyingconsolidatedbalancesheetsofSystemaxInc.andsubsidiaries(the“Company”)asofDecember31,2015and2014,andthe
relatedconsolidatedstatementsofoperations,comprehensiveloss,shareholders'equityandcashflowsforeachofthethreeyearsintheperiodendedDecember31,
2015.OurauditsalsoincludedthefinancialstatementschedulelistedintheIndexatItem15(a).Thesefinancialstatementsandfinancialstatementschedulearethe
responsibilityoftheCompany'smanagement.Ourresponsibilityistoexpressanopiniononthesefinancialstatementsandschedulebasedonouraudits.
WeconductedourauditsinaccordancewiththestandardsofthePublicCompanyAccountingOversightBoard(UnitedStates).Thosestandardsrequirethatwe
planandperformtheaudittoobtainreasonableassuranceaboutwhetherthefinancialstatementsarefreeofmaterialmisstatement.Anauditincludesexamining,
onatestbasis,evidencesupportingtheamountsanddisclosuresinthefinancialstatements.Anauditalsoincludesassessingtheaccountingprinciplesusedand
significantestimatesmadebymanagement,aswellasevaluatingtheoverallfinancialstatementpresentation.Webelievethatourauditsprovideareasonablebasis
forouropinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Systemax Inc. and
subsidiariesatDecember31,2015and2014,andtheconsolidatedresultsoftheiroperationsandtheircashflowsforeachofthethreeyearsintheperiodended
December 31, 2015, in conformity with U.S. generally accepted accounting principles. Also, in our opinion, the related financial statement schedule, when
consideredinrelationtothebasicfinancialstatementstakenasawhole,presentsfairlyinallmaterialrespectstheinformationsetforththerein.
Wealsohaveaudited,inaccordancewiththestandardsofthePublicCompanyAccountingOversightBoard(UnitedStates),SystemaxInc.’sinternalcontrolover
financial reporting as of December 31, 2015, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring
OrganizationsoftheTreadwayCommission(2013framework)andourreportdatedMarch17,2016expressedanunqualifiedopinionthereon.
/s/Ernst&YoungLLP
NewYork,NewYork
March17,2016
46