QUADIENT - 2019 Universal Registration Document

MANAGEMENT REPORT Ownership structure

Ownership structure 3.2

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

As at 14 February 2020 (1) , Neopost S.A.'s share ownership is as follows:

Number of shares

Number of voting rights

%

%

1.553 % 0.018 % 0.383 % 0.017 %

1.559 % 0.018 %

Management and employees

536,825

536,825

Directors (non-executive)

6,147

6,147

Treasury shares held under liquidity contract

132,468

-

-

Treasury shares held for stock option and free share allocations

5,968

-

-

3

3,772,600 10.915 % 1,564,400 4,526 % 1,513,000 4.378 % 1,497,200 4.332 % 1,389,200 4.019 %

3,772,600 10.959 % 1,564,400 4.544 % 1,513,000 4.395 % 1,497,200 4,349 % 1,389,200 4.036 %

Teleios Capital Partners GmbH (a)

Norges Bank Investment Management (Norway) (a)

Marathon Asset Management, LLP (a)

Dimensional Fund Advisors, L.P. (U.S.) (a)

Wellington Management Company, LLP (a)

3.701 %

3.716 %

Braun von Wyss & Müller AG (a)

1,279,200

1,279,200

22,865,904 66.157 % 34,562,912 100.000 %

22,865,904 66.423 % 34,424,476 100.000 %

Other shareholders

TOTAL

(a)

Source: IPREO at 14 February 2020.

To the Group’s knowledge, no other shareholder owns more than 3 % of the capital or voting rights. At 31 January 2019, Neopost S.A.’s share ownership was as follows:

Number of shares

Number of voting rights

%

%

1.533 % 0,440 % 0.440 % 0.024 % 5.200 % 4.759 % 4.465 % 3.898 % 3.703 % 3.488 % 72.050 %

1.540 % 0.442 %

Management and employees

529,801

529,801

Directors (non-executive)

152,049

152,049

Treasury shares held under liquidity contract

152,142

-

-

Treasury shares held for stock option and free share allocations

8,349

-

-

5.224 % 4.781 % 4.486 % 3.917 % 3.721 % 3.504 % 72.386 % 100.000 %

Marathon Asset Management, LLP (a)

1,797,200

1,797,200

Teleios Capital Partners GmbH (a)

1,644,900

1,644,900

Dimensional Fund Advisors, L.P. (U.S.) (a)

1,543,400

1,543,400

Wellington Management Group, LLP (a)

1,347,400

1,347,400

Braun von Wyss & Müller AG (a)

1,280,000

1,280,000

Norges Bank Investment Management (Norway) (a)

1,205,600

1,205,600

Other shareholders

24,902,501

24,902,501

34,562,912 100.000 %

TOTAL

34,402,421

(a)

Source: IPREO at 31 January 2019.

(1) Due to new processes put in place by Euroclear, information related to Quadient's shareholder basis was delayed slightly.

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UNIVERSAL REGISTRATION DOCUMENT 2019