QUADIENT // 2021 Universal Registration Document

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FINANCIAL STATEMENTS Quadient S.A. statements of financial position

NOTE 1

PRESENTATION OF THE COMPANY

a 60.0million Canadian dollars loan (43.6 million euros as at 31 January 2022).

Quadient S.A. is a Company incorporated under French law, with SIREN number 402 103 907, whose registered office is located at 42-46, avenue Aristide Briand, 92220 Bagneux (France). Quadient S.A. is the parent company of Quadient Group and the head of the tax group in France. Quadient S.A. holding of Quadient Group was created in 1992 through a leverage buy-out (LBO) of Alcatel's activities of "mail processing equipment" division. After a second LBO in 1997, Quadient S.A. was listed on the Premier Marché of Euronext Paris stock market on February 1999. Quadient S.A. operates as a holding company, holding financial interest that allow it to control the Group companies directly or indirectly.

Waiver of debt and exit from the Group

On 21 December 2021, Temando SAS has been dissolved through a universal transfer of assets from Temando SAS to Quadient S.A. As a result of this operation, Quadient S.A. recorded a waiver of debt for an amount of 0.9 million euros. This receivable was fully depreciated, the provision has been reversed. On 31 January 2022, Quadient S.A. consents a 17.1 million euros waiver of debt to its subsidiary Neopost Holding Pty Ltd, with an associated reversal of the provision for the same amount. On 31 January 2022, Quadient S.A. recorded a depreciation of Neopost SDS Ltd's receivables for 2.8 million euros.

Highlights of 2021

Acquisition of Beanworks by Quadient Canada

Minority interests acquisition

On 22 March 2021, Quadient Canada Ltd acquired the company Beanworks, a leader in software as a service (SaaS) accounts payable automation solutions. Quadient S.A. financed this acquisition through a 50.0 million Canadian dollars (38.8 million euros) capital increase and

On 30 December 2021, PackCity SAS, Quadient S.A's subsidiary, acquired the 25 minority stake of the entity Packcity France and holds now 100 .

NOTE 2

MAIN ACCOUNTING PRINCIPLES

The financial statements closed on 31 January 2022 are prepared in accordance with the measures of the French commercial code (articles L.123-12 to L.123-28), of the French accounting rules authority (ANC) regulation no. 2014-03. The following rules are applied in accordance with the prudence principle: business continuity; ● independence of financial years; ●

continuity of accounting methods from one year to ● another; and in accordance with the general rules of ● establishment and presentation of annual financial statements. The basic method for valuing accounting entries is the historical cost method. Concerning, the borrowings issue costs the Company chose to apply the spread of issue costs over the contract duration.

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UNIVERSAL REGISTRATION DOCUMENT 2021