QUADIENT // 2021 Universal Registration Document

CORPORATE GOVERNANCE REPORT Remuneration report

CHIEF EXECUTIVE OFFICER FISCAL YEAR 2021 ACTUAL TOTAL COMPENSATION (A) ❚

Relative Total Shareholder Return vs. SBF120 (from28/06/2018 to 28/06/2021)

16.5%

2

Consolidated EBIT as a % of consolidated sales as at 31 January 2021

Performance Shares

Fixed Compensation

5.5%

27.50%

33.30%

Organic sales growth based on the average performance over 3 years

5.5%

Variable Compensation

7.9 %

Qualitative Objectives

39.20%

6.3%

Free Cash Flow

12.5%

12.5%

Revenue

25%

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a) Excluding supplemental pension scheme and benefits in kind that amounted to 195,493 euros for the fiscal year 2021

Pursuant to article L.22-10-8 of the French commercial code, it is hereby specified that the payment of variable components to Geoffrey Godet for the financial year 2021 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 2022. THE CHIEF EXECUTIVE OFFICER’S 2021 ANNUAL VARIABLE REMUNERATION The Chief Executive Officer’s annual variable remuneration for 2021 is dependent on the Group’s results as well as his individual performance. CEO’s objective weighting is based on quantitative financial criteria for 80 of the target bonus, supplemented by qualitative individual performance objectives for the remaining 20 . As illustrated below, the Chief Executive Officer's bonus achievement for the fiscal year 2021 stands at 117.68 and his annual variable remuneration for 2021 amounts to 535,693 euros paid in France and 205,940 United States dollars, subject to approval of the General Meeting to be held on 16 June 2022. The quantitative criteria for the Chief Executive Officer’s variable remuneration for 2021, at the 2020 exchange rate, were the following:

Threshold (0.0 )

Target (100 )

Maximum (150 )

Weight

Criteria

40 40 20

Revenue

980.4

1,021.2

1,041.6

Current Operating Profit (a)

142.8

151.9

158.0

Free Cash Flow (b)

73.6

81.8

98.2

Before acquisition related expenses, excluding innovation expense and assuming a constant scope (a) Cash flow after capital expenditure (b)

The revenue and operating profit targets have been adjusted to account for the divestment of our Automated Packaging Solution activities and our production facility based in Drachten, the Netherlands which happened during the second semester of the 2021 fiscal year.

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UNIVERSAL REGISTRATION DOCUMENT 2021