NEOPOST_REGISTRATION_DOCUMENT_2017

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Management Report

Ownership structure

Ownership structure

Neopost group is not controlled either directly or indirectly. There is no agreement which might lead to a change of control.

At 31 January 2018, Neopost S.A.’s share ownership is as follows:

Number of shares

Number of voting rights

%

%

Management and employees

672,581

1,946% 672,581

1.955%

Directors (non-executive)

4,353

0.013%

4,353

0,013%

Treasury shares held under liquidity contract

153,027

0.443%

-

Treasury shares held for stock option and free share allocations

10,761

0.031%

-

Marathon Asset Management LLP (a)

2,015,432

5.831% 2,015,432

5.859%

LSV Asset Management (a)

1,396,200

4.040% 1,396,200

4.059%

BWM AG (a)

1,285,699

3.720% 1,303,943

3.738%

Dimensional Fund Advisors, L.P. (a)

1,282,564

3.711% 1,227,481

3.728%

Schroder Investment Management Ltd. (SIM) (a)

1,187,441

3.436% 1,187,441

3.452%

Norges Bank Investment Management (NBIM) (a)

1,144,008

3.310% 1,144,008

3.326%

Other shareholders

25,410,846

73.351% 25,352,407

73.871%

TOTAL

34,562,912

100.000 34,399,124

100.000

Source: Nasdaq at 31 January 2018. (a)

To the Group’s knowledge, no other shareholder owns more than 3% of the capital or voting rights.

At 31 January 2017, Neopost S.A.’s share ownership broke down as follows:

Number of shares

Number of voting rights

%

%

Management and employees

704,076

2.037

704,076

2.044

Directors (non-executive)

65,527

0.190

65,527

0.190

Treasury shares held under liquidity contract

108,167

0.313

-

-

Treasury shares held for stock option and free share allocations

4,268

0.012

-

-

First Eagle Investment Management LLC (a)

3,482,105

10.075

3,482,105

10,108

MFS Investment Management (a)

3,336,247

9.653

3,336,247

9.684

Marathon Asset Management LLP (a)

2,149,268

6.218

2,149,268

6.239

Braun, von Wyss & Müller AG (a)

1,511,288

4.373

1,511,288

4.387

LSV Asset Management (a)

1,252,682

3.624

1,252,682

3.636

Norges Bank Investment Management (NBIM) (a)

1,196,571

3.462

1,196,571

3.473

HOOPP Investment Management (a)

1,100,219

3.183

1,100,219

3.194

Other shareholders

19,652,494

56.860 19,652,494

57.046

TOTAL

34,562,912

100.000 34,450,477

100.000

Source: Nasdaq at 31 January 2017. (a)

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REGISTRATION DOCUMENT 2017 / NEOPOST