QUADIENT - 2020 Universal Registration Document

FINANCIAL STATEMENTS Quadient S.A. statements of financial position

REMUNERATION OF CORPORATE OFFICERS RATIO NOTE 15 AND NON-EXECUTIVE DIRECTORS

Remuneration of corporate officers 15-1:

SUMMARY OF THE REMUNERATION AND OPTIONS AND SHARES GRANTED TO CORPORATE OFFICERS

31 January 2021

31 January 2020

(In thousands of euros)

Didier Lamouche – Chairman Remunerations due for year

150.0

87.5

Valuation of multi-year variable remuneration granted during the year

-

-

-

-

Valuation of the options granted during the year (a)

Valuation of the performance shares granted during the year (a)

-

-

TOTAL

150.0

87.5

Geoffrey Godet – Chief Executive Officer Remunerations due for year

986.0

1,430.5

Valuation of multi-year variable remuneration granted during the year

-

-

Valuation of the options granted during the year (a)

-

-

Valuation of the performance shares granted during the year (a)

335.2

356.4

TOTAL

1,321.2

1,786.9

The amount shown is the total cost of allocations made during the year. (a)

6

SUMMARY OF REMUNERATION PAID TO CORPORATE OFFICERS

31 January 2021

31 January 2020

Amounts due Amounts paid Amounts due Amounts paid

(In thousands of euros)

Didier Lamouche – Chairman since 28 June 2019 Fixed remuneration

120.0

120.0

70.0

70.0

Annual variable remuneration

-

-

-

-

-

-

-

-

Multi-annual variable remuneration

Compensation of directors (a)

30.0

30.0

17.5

17.5

Benefits in kind

-

-

-

-

TOTAL

150.0

150.0

87.5

87.5

Geoffrey Godet – Chief Executive Officer Fixed remuneration (b)

607.4

607.4

603.3

603.3

Annual variable remuneration (c)

-

705.1

603.3

706.6

Multi-annual variable remuneration

-

-

-

-

Compensation of directors

30.0

30.0

30.0

30.0

Benefits in kind

16.6

198.8

193.9

193.9

Exceptional remuneration (d)

332.0

TOTAL

986.0

1,541.3

1,430.5

1,553.8

Prorata temporis. (a) The fixed remuneration is divided in two parts: 510,000 euros paid in France and 112,000 United States dollars (b) paid in the United States. The exchange rate used is the budget exchange rate, which corresponds to 1.15. The annual variable remuneration "due" corresponds to the bonus provisionned at 100 (and up to 150 if the targets (c) are exceeded) in Quadient S.A. and Quadient Holdings USA Inc. financial statements at the end of the financial year while the annual variable "paid" corresponds to the bonus paid relative to the previous year, on the basis of the definitive approved percentages. Bonus provisioned in Quadient S.A. and Quadient Holdings USA Inc. financial statements at the end of the financial year (d) for the proper management of the COVID-19 crisis, see remuneration of the Chief Executive Officer.

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UNIVERSAL REGISTRATION DOCUMENT 2020