QUADIENT - 2019 Universal Registration Document

FINANCIAL STATEMENTS Neopost S.A. statements of financial position

In respect of their mandate as a director the Chairman of the Board and the Chief Executive Officer receive a fixed amount of 30,000 euros per year for 100 % attendance.

In the event that no extraordinary meetings are ● convened, the 3,000 euros shall be allocated to each person in proportion to his or her actual attendance atthe (ordinary) scheduled meetings; The total attendance remuneration (variable portion) is ● therefore a maximum of 16,000 euros per year, and the annual total amount of attendance remuneration is a mximum of 31,500 euros. The committees fees are subject to assiduity. committee members: 10,000 euros per year; ● committee Chairperson: 20,000 euros per year; ● lead director: 15,000 euros extra per year. ● These remuneration criteria described above will be applied as part of 2020's director's rmuneration policy. The non-executive directors do not receive any remuneration from Neopost S.A. other than directors’ fees. As of 31 January 2020, no loans or guarantees have been granted to any director. As of 31 January 2020, no post-appointment commitments such as remuneration, compensation or benefits have been granted to its officers by the Company.

Board members

The methods for calculating the remuneration of non-executive directors (formerly attendance fees) are as follows: director’s basic fees: 15,500 euros per year. ● The Board of directors met seven times during financial year 2019: Attendance remuneration I : maximum of 13,000 euros ● per year for (ordinary) scheduled meetings ; amount may be reduced based on personal attendance at each meeting (attendance remuneration I = 13,000 euros/ number of ordinary meetings * attendance rate at these scheduled meetings); Attendance remuneration II : maximum of 3,000 euros ● per year, regardless of the number of extraordinary meetings convened during the year; amount may be reduced based on personal attendance at each of these meetings (attendance remuneration II = 3,000 euros/ number of extraordinary meetings * attendance rate at these unscheduled meetings);

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HEADCOUNT NOTE 16

The number of employees of Neopost S.A. as at 31 January 2020 is 42.

POST-CLOSING EVENTS NOTE 17

The beginning of the exercise 2020 is marked by the COVID-19 pandemic, resulting in a period of global economic uncertainty. This sanitary crisis starts 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 company considers that 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 statutory financial statements by the Board of directors, there were no significant changes in the company's commercial or financial situation.

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UNIVERSAL REGISTRATION DOCUMENT 2019