QUADIENT - 2019 Universal Registration Document

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CORPORATE GOVERNANCE REPORT Remuneration of managers and directors

The quantitative criteria for the Chief Executive Officer’s variable remuneration for 2019 were the following:

Threshold (0.0 % )

Target (100 % )

Maximum (150 % )

Weight

Criteria

40 % 40 % 20 %

Sales

1,063.7

1,108.0

1,130.2

Current operating income (a)

175.8

187.0

194.5

Capital employed

(39.1)

(43.4)

(52.1)

Excluding innovation expense and assuming a constant scope. (a)

The achievements are the following:

Weight

Criteria

Performance (a)

Bonus

40 % 40 % 20 %

113.5 % 105,6 % 150,0 %

Sales

1114,0

Current operating income (b)

187.8

Capital employed

(55.8)

TOTAL 117.6 % Performance measures take into account the exchange rates applied when the criteria were defined and are adjusted for (a) scope effects, excluding innovation expense. Excluding innovation expense and assuming a constant scope. (b)

60 % : implementation of the new “Back to Growth” ● strategy with significant evolutions for the four strategic pillars; performance: 106 % ; 15 % : finalize the implementation of the executive team ● of the Group, with preparation of a succession plan; performance: 110 % ; 10 % : progress in the diversity and gender equality ● within the Group, implementation of cultural changes in line with the new strategic objectives and strengthening of processes’ digitalization; performance: 120 % ; 15 % : effective and interactive collaboration with the ● Board of Directors and the Chairman; performance: 120 % .

In addition, the Remuneration and Appointments Committee estimated that the individual (qualitative) performance objectives’ achievement rate was 110 % , compared to a maximum of 150 % . Overall, Geoffrey Godet’s performance stands at 116.08 % and his annual variable remuneration for 2019 amounts to 592,008 euros paid in France and 130,010 United States dollars, subject to the approval of the General Meeting to be held on July 6, 2020. For the 2019 financial year, the performances relating to the qualitative objectives assigned to Geoffrey Godet were as follows:

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UNIVERSAL REGISTRATION DOCUMENT 2019