QUADIENT - 2020 Universal Registration Document

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CORPORATE GOVERNANCE REPORT Remuneration of managers and directors

2.4.6.1 - The Chairman – 2021 remuneration

3° Performance shares The Chairman is not eligible for any long-term remuneration plan offered by the Company. 4° Benefits in kind The Chairman can benefit from reimbursement of reasonable business expenses incurred in the course of performing his duties, on presentation of appropriate receipts, in accordance with the Company policy. The Chairman does not receive any other remuneration for his corporate office. Therefore, he does not receive any multi-annual variable remuneration, exceptional remuneration, nor any allocation of stock subscription or purchase options. He is not entitled to any severance payment or remuneration relating to a non-compete clause. These remuneration items will be the subject of a resolution submitted by the Board of Directors to the General Meeting. The resolution will be worded as follows: “Having considered the report corporate governance provided for in article L.225-37 and in compliance with article L.22-10-8 II of the French commercial code, the General Meeting, ruling in accordance with the quorum and majority required for Ordinary General Meetings, approves the remuneration policy including the principles and criteria for setting, allocating and attributing the fixed, variable and exceptional components comprising the total remuneration and benefits of all kind detailed in the aforementioned report and payable to the Chairman’s in respect of his corporate office, which was established in accordance with article L.22-10-8 I of the French commercial code. This information is provided in section 2.4.6 "The Chairman – Remuneration 2021" of the 2020 universal registration document.” Pursuant to article L.22-10-8 of the French commercial code, this report, drawn up by the Board of Directors, sets out the principles and criteria for setting, allocating and awarding the fixed, variable and exceptional components comprising the total remuneration and benefits in kind awarded to the Chief Executive Officer, Geoffrey Godet, in respect of his corporate office, which shall be put to the vote during the General Meeting of 1 July 2021. Should the General Meeting of 1 July 2021 not approve this resolution, the remuneration shall be set in accordance with existing practices within the Company. Pursuant to article L.22-10-8 of the French commercial code, it is hereby specified that the payment of variable and exceptional components to Geoffrey Godet for the financial year 2020 shall be subject to approval of the General Meeting called to vote on the financial statements for the financial year which ended on 31 January 2021. The remuneration elements for the Chief Executive Officer are therefore established on the basis of the Quadient remuneration policy considering his duties within Quadient, his experience, years of service and performance, as well as market practices. Any future increases in remuneration shall take into account Quadient’s performance as well as market practices. 2.4.6.2 - The Chief Executive Officer – 2021 remuneration

Pursuant to article L.22-10-8 of the French commercial code, this report sets out the principles and criteria for setting, allocating and awarding the fixed, variable and exceptional components that comprise the total remuneration and benefits in kind awarded to the Chairman of the Board, in respect of his corporate office, these principles and criteria will be the subject of a resolution put to the vote during the General Meeting of 1 July 2021. Should the General Meeting of 1 July 2021 not approve this resolution, the remuneration shall be set in accordance with existing practices within the Company. The remuneration policy of the Chairman is determined in compliance with Quadient remuneration policy, taking into account his duties, experience, years of service and performance, as well as market practices. The remuneration of the Chairman consists of compensation for his mandate as director (formerly directors’ fees), annual fixed compensation for his corporate mandate and benefits in kind. 1° Remuneration as a director (formerly directors’ fees) The Board of Directors may decide to pay the Chairman of the Board compensation for his mandate as director. The principle is to award a fixed amount. The Chairman should receive a maximum of 30,000 euros in 2021 on an annual basis in respect of the corporate office he holds in Quadient. This amount is unchanged compared to the previous year. This item of remuneration accounts for 20 of the total remuneration provided for in the remuneration policy of the Chairman. 2° Annual fixed remuneration Annual fixed remuneration is set by the Board of Directors on the Appointments and Remuneration Committee’s recommendation in accordance with the Afep-Medef code’s principles. The fixed remuneration of the Chairman has thus been established in relation to the scope of the position and to practices observed in French and international groups where activities, revenues, market capitalisation, number of employees and challenges are similar to those of Quadient’s. The Appointments and Remuneration Committee uses studies produced by the external consulting firm Mercer to draw remuneration benchmarks for all Board positions. As regards the Chairman’s remuneration, the Committee refers to a panel comprising about 30 companies and, with the assistance of the aforementioned consulting firm, verifies Chairman remuneration’s position, which appears to be in line with the practices of this panel, both in terms of structure and amount. For the financial year 2021, the Chairman’s annual fixed remuneration would be 120,000 euros, unchanged compared to the previous year. This item of remuneration accounts for 80 of the total remuneration provided for in the remuneration policy of the Chairman.

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UNIVERSAL REGISTRATION DOCUMENT 2020