QUADIENT // 2021 Universal Registration Document

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CORPORATE GOVERNANCE REPORT Remuneration report

The achievements for the fiscal year 2021 of the quantitative criteria of the Chief Executive Officer's bonus, at the 2020 exchange rate, are the following:

Weight

Criteria

Performance

Bonus Achievement

40 40 20

127.5 102.3 150.0 122.1

Revenue

1,032.4

Current Operating Profit (a)

152.2

Free Cash Flow (b)

104.3

TOTAL

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

20 Parcel Locker Solutions: - accelerate geographies ● and verticals scale and grow profitability through scaling and monetization. The performance has been measured at 97.5 ; 10 efficient and interactive collaboration with the ● Board of directors, active participation to the Board’s evolution. The performance has been measured at 110 ; 10 executive committee and senior leaders’ ● competences evolution to support Quadient’s strategy implementation. The performance has been measured at 100 ; 10 progress in gender diversity and equality strategy ● implementation, cultural change (values, leadership) and processes digitization. The performance has been measured at 90 ; 10 financial community management. The ● performance has been measured at 85 . On the recommendation of the Appointments and remuneration committee, the Board of directors, which determined the variable remuneration of the Chief Executive Officer based on performance for 2021, approved the payment of 136,564 euros to be paid in France and 52,500 United States dollars to be paid in the United States, in respect of this supplemental pension scheme, for the financial year 2021. Pursuant to article L.225-37-2, it is hereby specified that this payment shall be subject to the approval of the General Meeting called to vote on the financial statements for the financial year which ended on 31 January 2022. applies to these payments, but would be capped at 100 of the objectives achieved.

In addition, the Appointments and remuneration committee estimated that the individual (qualitative) performance objectives’ achievement rate was 100 compared to a maximum 150 . For the 2021 financial year, the performance relating to the qualitative objectives assigned to Geoffrey Godet were as follows: 20 on Intelligent Communication Automation: ● continued strong revenue growth of software solutions and strengthen profitability of software once transition to subscription is completed. The performance has been measured at 100 ; 20 : Mail-Related Solutions: monetize the installed base ● by renewing the line of products and growing market share, focus on core geographies of MRS activity, preserve/limit the erosion of MRS revenues, and grow cross-selling of MRS with Software and Parcel Locker Solutions. The performance has been measured at 110 ; the Board of directors, on the recommendation of the Appointments and remuneration committee and in accordance with the resolutions of the General Meeting of 1 July 2021, approved the principle of granting the Chief Executive Officer a supplemental pension scheme. This scheme is based on payments made in cash that will represent 15 of his theoretical annual fixed and variable remuneration assuming objectives are met at 100 , such payments will be degressive in proportion to the achievement of such performance objectives. The percentage of achievement relating to the annual variable compensation of the Chief Executive Officer therefore THE CHIEF EXECUTIVE OFFICER’S 2021 SUPPLEMENTAL PENSION SCHEME In addition to the defined-contribution supplemental pension scheme (article 83 of the French general taxcode)

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UNIVERSAL REGISTRATION DOCUMENT 2021