QUADIENT - 2019 Universal Registration Document

3 MANAGEMENT REPORT Ownership structure

At 31 January 2018, Neopost S.A.’s share ownership was as follows:

Number of shares

Number of voting rights

%

%

1,946 % 0.013 % 0.443 % 0.031 % 5.831 % 4.040 % 3.720 % 3.436 % 3.310 % 73.521 % 3.711 %

1.955 % 0,013 %

Management and employees

672,581

672,581

Directors (non-executive)

4,353

4,353

Treasury shares held under liquidity contract

153,027

-

-

Treasury shares held for stock option and free share allocations

10,761

-

-

5.859 % 4.059 % 3.738 % 3.728 % 3.452 % 3.326 % 73.871 %

Marathon Asset Management LLP (a)

2,015,432

2,015,432

LSV Asset Management (a)

1,396,200

1,396,200

Braun von Wyss & Müller AG (a)

1,285,699

1,285,699

Dimensional Fund Advisors, LP (a)

1,282,564

1,282,564

Schroder Investment Management Ltd. (SIM) (a)

1,187,441

1,187,441

Norges Bank Investment Management (NBIM) (a)

1,144,008

1,144,008

Other shareholders

25,410,846

25,410,846

100.000 %

34,399,124 100.000 %

TOTAL

34,562,912

(a)

Source: Nasdaq at 31 January 2018.

For more information, please refer to chapter 7 of this universal registration document. Summary of Quadient shareholder legal threshold crossings since 1 February 2019:

Date

Name of Investment Fund

Threshold crossed

Teleios Capital Partners LLC Crossed the 5 % threshold with 5.07 % of the voting rights Teleios Capital Partners LLC Crossed the 10 % threshold with 10.23 % of the voting rights

04/07/2019

10/10/2019

Norges Bank Crossed the 5 % threshold with 5.09 % of the voting rights

30/01/2020

Summary of Quadient shareholder legal and statutory threshold crossings since 1 February 2020:

Date

Name of Investment Fund

Threshold crossed

Teleios Capital Partners LLC Crossed the 11 % threshold with 11.05 % of the voting rights Teleios Capital Partners LLC Crossed the 12 % threshold with 12.03 % of the voting rights Braun von Wyss & Müller AG Crossed the 3 % threshold with 2.99 % of voting rights

09/03/2020

27/03/2020

07/04/2020

Norges Bank Crossed the 5 % threshold with 4.82 % of the voting rights

23/04/2020

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UNIVERSAL REGISTRATION DOCUMENT 2019