QUADIENT // 2021 Universal Registration Document

CORPORATE GOVERNANCE REPORT Remuneration report

31 January 2020

31 January 2019

31 January 2022

31 January 2021

Chairman of the Board of directors Ratio of Chairman’s remuneration/average employee remuneration Ratio of Chairman’s remuneration/median employee remuneration Chief Executive Officer Ratio of Chief Executive Officer’s remuneration/ average employee remuneration Ratio of Chief Executive Officer’s remuneration/ median employee remuneration

2.4

2.4

2.4

2.8

3.1

3.1

3.0

2.8

2

22.1

30.5

29.7

16.7

28.1

38.2

37.4

21.0

Employees of Quadient Change in average employees’ remuneration

+0.7

(2.8)

+6.3

N/A

Financial performance of Quadient Change in revenue

(0.5) +2.3

(9.9) (17.1)

+4.7 (7.1)

(1.8) (1.5)

Change in current operating income

The decrease in the ratios relating to the remuneration of in the calculation. It is expected that the ratio will increase the Chief Executive Officer between 2020 and 2021 is due during the next fiscal year as measures have been to the fact Geoffrey Godet waived his variable implemented to increase our employees, and the Chief remuneration and supplemental scheme for the year 2020. Executive Officer’s base pay in 2022 to compensate for Consequently, as the table is based on compensation paid consumer price inflation. during the year, no variable remuneration is accounted for

2.3.2

2022 REMUNERATION POLICY FOR THE DIRECTORS AND CORPORATE

OFFICERS

At Quadient, the remuneration policy for all corporate officers is determined by the Board of directors based on proposals from the Appointments and remuneration committee. The work of the Appointments and remuneration committee relating to the remuneration policy for corporate officers is organized through preparatory meetings between the Chairman of the Committee, the Chief People Officer and, where appropriate, the Chief Executive Officer. Members of the Board of directors and of the Appointments and remuneration committee are required, in the context of the preparation of the remuneration policy for corporate officers, to comply with rules relating to the management of conflicts of interests set out in article 3.b of the rules of Procedure of the Board and committees and the principles set out in article 5 of the directors’ charter. The Chairman and the Chief Executive Officer may participate in the work of the committee ruling on remuneration, except with respect to their own remuneration. Each year, the Board of directors and the Appointments and remuneration committee evaluate and revise if necessary – Quadient’s overall remuneration policy in the context of the work of these two bodies. The Board of directors and the Appointments and remuneration

committee refer to the recommendations of the Afep-Medef code to ensure that the remuneration policy: respects the principles of completeness, balance, ● comparability, consistency, transparency and moderation; respects the corporate interest, contributes to the ● Company’s commercial strategy and sustainability, in particular by adopting criteria that assess the implementation of the new “Back to Growth” strategy and the Company’s long-term development; considers the vote of the shareholders and, where ● applicable, the opinions expressed at the General Meeting; considers the terms and conditions of remuneration and ● employment of employees, the review of the Group’s salary policy being among the duties of the Appointments and remuneration committee; and considers market practices. ● The remuneration policies and structure described below will also apply to the corporate officers whose term of office would be renewed, or (where applicable on a pro rata basis) to any new corporate officer who would be appointed, during the period of the application of this policy.

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UNIVERSAL REGISTRATION DOCUMENT 2021