QUADIENT - 2019 Universal Registration Document

FINANCIAL STATEMENTS Consolidated financial statements

At 31 January 2020, the potentially dilutive instruments described in the above accounting principles have a relutive effect and have thus been excluded from the calculation of diluted earnings per share. These instruments were dilutive as at 31 January 2019.

POST-CLOSING EVENTS NOTE 15

On 28 February 2020, Quadient sold its subsidiary ● ProShip Inc. The assets and liabilities of this company have been disclosed as assets held for sale as of 31 January 2020, in compliance with the IFRS 5. The beginning of the financial year 2020 is marked by ● the COVID-19 pandemic, resulting in a period of global economic uncertainty. This sanitary crisis started to impact organizations in France at the beginning of March 2020. The Group has already adopted a number of measures to keep its employees safe and to ensure the business continuity to its customers. The Group has also defined an initial action plan to limit the effects of this crisis on its profitability and its cash and will

continue to asses frequently the impact on the company and to identify additional actions to be implemented. At the present time, the Group can not measure the forthcoming impacts on its financial statements. This post-closing event is a non-adjusting event for the financial statements as at 31 Januaru 2020 and does not call into question the business continuity. Between the end of the financial year at ● 31 January 2020 and the approval of the consolidated financial statements by the Board of directors, there were no significant changes in the Group’s commercial or financial situation or any significant acquisitions.

FEES PAID TO THE STATUTORY AUDITORS AND MEMBERS OF THEIR NOTE 16 NETWORKS

Accounted for by the Group in 2019 and 2018:

6

Ernst & Young

Finexsi Audit

%

%

Amount (before VAT)

Amount (before VAT)

2019 2018 2019 2018

2019 2018 2019 2018

(In thousands of euros)

Audit, certification and examination of individual and consolidated financial statements Issuer

519 548 18 % 1,936 1,868 69 %

18 % 62 %

249 243 76 %

86 % 14 %

38 12 %

Fully-consolidated subsidiaries

41

Services other than certification of financial statements Issuer*

2 %

12 %

70

-

-

40

-

-

Fully-consolidated subsidiaries

-

-

-

-

-

-

-

-

2,525 2,416 89 %

80 %

100 %

100 %

Audit sub-total

330 281

Other services provided by Auditor and its network Acquisitions

1 %

13 %

35 394

-

-

-

-

8 % 2 % 11 %

5 % 2 %

Legal & tax

216 162

-

-

-

-

Other

51

41

-

-

-

-

20 %

Other services sub-total

302 597

-

-

-

-

2,827 3,013 100 %

100 %

100 %

100 %

TOTAL

330 281

* These services consisted of the work done by the Auditors in relation with the bond issue in 2019.

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UNIVERSAL REGISTRATION DOCUMENT 2019