QUADIENT - 2019 Universal Registration Document

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FINANCIAL STATEMENTS Neopost S.A. statements of financial position

NOTE 1

PRESENTATION OF THE COMPANY

Highlights of 2019:

Neopost S.A. is a French law company, listed on Paris stock exchange and located at 42-46, avenue Aristide Briand, 92220 Bagneux (France).

SHUTDOWN OF THE ACTIVITY OF TEMANDO

In September 2019, Quadient decided a phased shutdown of the activity of its subsidiary Temando (shipping software dedicated to e-commerce) which was part of its additional operations. The business is subject to an orderly shutdown over time, subject to Temando’s legal obligations to its customers and other stakeholders. As a consequence, Neopost S.A. has recorded a full depreciation of its loans and advances accorded to Temando’s subsidiaries for respectively 24.9 million euros and 22.0 million euros (respectively 26.0 million euros and 9.4 million euros as at 31 January 2019). As at 31 January 2019, Neopost S.A had also fully depreciated its investment in NeopostShipping Holding Pty Ltd for an amount of 20.5 million euros. Following the goodwill impairment, Neopost S.A. also depreciates its invesments in the Additional Operations in Australia and the Nordics countries for an amount of 63.8 million euros as at 31 January 2020. These depreciations are described in note 4. CONCLUSION OF THE FRENCH TAX CONTROL AND THE MUTUAL AGREEMENT PROCEDURE BETWEEN FRANCE AND THE NETHERLANDS The Company obtained the conclusion of the tax control covering the period from 1 February 2012 to 31 January 2018, which led to a 22.9 million euros increase of its tax loss carryforwards for the french tax consolidation and a 0.5 million euros payment of corporate tax for the year 2016, the purpose of which was to reintegrate financial expenses. The Company also obtained the reimbursement of 9.1 million euros from the french public finance department, following the conclusion of the mutual agreement procedure between France and the Netherlands, opened as at 31 January 2007, in favour of Neopost Technologies SA. The Group announced in September 2019 its decision to change the name Neopost to become Quadient. This choice of an unified and modern brand is the concretization of the implementation of the new Group organization, moving from entities operating independent businesses into a unique entity provided with a portfolio of integrated solutions. The change of the name of the holding from Neopost SA to Quadient SA will be submitted to the approval of the Annual General Meeting on 6 July 2020. CHANGE OF THE NAME AND THE VISUAL IDENTITY IMPAIRMENT ON INVESTMENT

Key dates:

1992: Neopost S.A., holding Company of the Quadient group, was created through a leveraged buyout (LBO) of Alcatel’s mail processing equipment division; 1997: a second LBO took place; 1999: Quadient was listed on the Premier Marché of Euronext Paris stock market on 23 February at a price of 15 euros per share; 2002: acquisition of Ascom Hasler, the mailing systems division of the Swiss company Ascom; 2009: Quadient enhanced its service offering with the acquisition of Satori Software, one of the world market leaders in postal address quality management tools; 2012: acquisition of GMC Software Technology, a leader in the market of Customer Communications Management (CCM) and Human Inference, specialist in Data Quality and Master Data management (MDM); 2013: acquisition of DMTI Spatial, the leading Canadian provider of location-based data quality solutions; 2014: acquisition of Proship, a leading American provider of high-volume multi-carrier parcel shipping solutions; 2015: acquisition of a majority stake in Temando Holding Pty Ltd, an Australian company providing logistic solutions for the e-commerce sector; 2016: Yamato Transport and Quadient formed a joint venture to launch an open parcel locker network in Japan; acquisition of Icon Systemhaus GmbH, the German leader in Customer Communications Management solutions; 2017: disposal of DMTI Spatial; increase in participation of Temando to 100 % ; 2018: disposal by the american subsidiary Mailroom Holding of Satori Software ; acquisiton by the american subsidiary Mailroom Holding of Parcel Pending; 2019: disposal by the dutch subsidiary Mailroom Holding BV of Quadient Data Netherlands BV (former Human Inference).

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UNIVERSAL REGISTRATION DOCUMENT 2019