QUADIENT - 2020 Universal Registration Document

FINANCIAL STATEMENTS Quadient S.A. statements of financial position

The Board of Directors, following the decision of the Chief Executive Officer to waive any right to an annual variable for the financial year 2020 and upon the recommendation of the Appointments and Remuneration on the basis of the 2020 remuneration policy approved during the last General Meeting, decided to take into account the proper management of the COVID-19 crisis and its consequences on Quadient in the remuneration of the Chief Executive Officer by granting him an exceptional remuneration, to be assessed on objective and measurable criteria with reference, in particular, to the recommendations of the Afep-Medef code and taking into account market practices. the Board of Directors assessed the performance of the Chief Executive Officer and noted that as those criteria have

been met, the amount of this exceptional remuneration shall be set at 204,000 euros and 44,800 US dollars. This exceptional remuneration is not exceeding the average pay-out received by the Executive Committee of Quadient whose members had waived a significant part of their variable in April 2020 as part of the solidarity initiatives taken by the management team. The payment of this exceptional remuneration will be subject to the ex-post vote of the General Meeting convened to approve the financial statements of the financial year ending 31 January 2021. As of 31 January 2021, no loans or guarantees have been granted to any manager.

STOCK SUBSCRIPTION OR STOCK PURCHASE OPTIONS GRANTED DURING THE YEAR TO CORPORATE OFFICERS

Number of options granted during the year

Plan number and date

Nature of options

Valuation of options (a)

Exercise price

Exercise period

Didier Lamouche – Chairman (b)

-

-

-

-

-

-

Geoffrey Godet – Chief Executive Officer (b)

-

-

-

-

-

-

(a) (b)

IFRS valuation.

No stock options were attributed during the year.

6

STOCK SUBSCRIPTION OR STOCK PURCHASE OPTIONS EXERCISED DURING THE YEAR ❚ TO EACH EXECUTIVE DIRECTOR

Number of options exercised during the year

Plan number and date

Exercise price

Didier Lamouche – Chairman

-

-

-

Geoffrey Godet – Chief Executive Officer

-

-

-

FREE SHARES

There are several objectives in the grant of free shares: attracting and retaining employees with strong potential; ● acknowledging exceptional performance; ● inspiring strong motivation and commitment to the Company’s results through specific free share plans called ● co-investment and performance based on the Group’s future performance.

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UNIVERSAL REGISTRATION DOCUMENT 2020