QUADIENT // 2021 Universal Registration Document

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FINANCIAL STATEMENTS Consolidated financial statements

PROVISIONS AND CONTINGENT LIABILITIES NOTE 10

Provisions 10-1:

10-1-1: ACCOUNTING PRINCIPLES

Provisions are recognized when the following conditions are met simultaneously at the end of the period in question: a current obligation (legal, regulatory, contractual or ● implied) resulting from past events;

a probability that an outflow of resources will be ● necessary to extinguish the obligation with no offset expected; an amount that can be reliably measured. ● Provisions are split on the balance sheet between current and non-current liabilities.

10-1-2: CHANGES IN PROVISIONS

31 January

31 January 2022

Current portion

Non-current portion

2021 Added Used Non-used Other

Structure optimization

5.5 10.4 (10.4)

(1.0) (0.1)

4.4 4.4

-

Business risk/customer guarantees

0.5

-

-

0.0 (0.2)

0.3 0.3

-

Dispute provisions

4.2 0.9 (1.1)

(0.1) (0.6)

3.3

1.8

1.5

Other

3.6 0.4 (1.5)

(0.1)

0.1

2.5

1.3

1.2

Retirement benefit obligations – note 9-3

23.2

1.1 (1.5)

(0.3) (5.8)*

16.7

-

16.7

TOTAL

37.0 12.8 (14.5)

(1.5) (6.6)

27.2 7.8

19.4

* The "other" variation is mainly composed of the impact of the April 2021 IFRIC decision booked with an equity impact, changes in actuarial differences and foreign exchange effects.

31 January

31 January 2021

Current portion

Non-current portion

2020 Added Used Non-used Other

Structure optimization

4.5 15.2 (13.9)

(0.6)

0.3

5.5 5.5

-

Business risk/customer guarantees

0.2 0.3 (0.0)

0.0 0.0

0.5 0.5

-

Dispute provisions

4.1

0.9 (0.7)

(0.1) (0.0)

4.2

1.9

2.3

Other

3.7 1.5 (1.2)

(0.2) (0.2)

3.6 2.3

1.3

Retirement benefit obligations – note 9-3

25.0 2.3 (3.8)

0.0 (0.3)

23.2

-

23.2

Long term incentives

1.4 0.0 (0.9)

(0.5) (0.0)

0.0 0.0

0.0

TOTAL

38.9 20.2 (20.5)

(1.4) (0.2)

37.0 10.2

26.8

Structure optimization The Group pursues the optimization of its operations. Provisions totalling 5.5 million euros were booked as of 31 January 2021. In 2021, additional expenses of 10.4million euros were booked and (10.4) million euros were used.

As of 31 January 2022, the balance of these provisions is 4.4million euros.

Other As of 31 January 2022, a total 2.5 million euros (3.6 million euros as of 31 January 2021) is booked under “Other provisions”.

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UNIVERSAL REGISTRATION DOCUMENT 2021