QUADIENT // 2021 Universal Registration Document

CORPORATE GOVERNANCE REPORT Remuneration report

1° Remuneration as a director (formerly directors’ fees) The Board of directors may decide to pay the Chairman of the Board compensation for his mandate as director. The principle is to award a fixed amount. The Chairman should receive a maximum of 30,000 euros in 2022 on an annual basis in respect of the corporate office he holds in Quadient. This amount is unchanged compared to the previous year. This item of remuneration accounts for 20 of the total remuneration provided for in the remuneration policy of the Chairman. 2° Annual fixed remuneration Annual fixed remuneration is set by the Board of directors on the Appointments and remuneration committee’s recommendation in accordance with the Afep-Medef code’s principles. The fixed remuneration of the Chairman has thus been established in relation to the scope of the position and to practices observed in French and international groups where activities, revenues, market capitalization, number of employees and challenges are similar to those of Quadient’s. The Appointments and remuneration committee uses studies produced by the external consulting firm Mercer to draw remuneration benchmarks for all Board positions. As regards the Chairman’s remuneration, the committee refers to a panel comprised of around 30 companies and, with the assistance of the aforementioned consulting firm, verifies Chairman remuneration’s position, which appears to be in line with the practices of this panel, both in terms of structure and amount. For the financial year 2022, the Chairman’s annual fixed remuneration would be 120,000 euros, unchanged compared to the previous year. This item of remuneration accounts for 80 of the total remuneration provided for in the remuneration policy of the Chairman. 3° Performance shares The Chairman is not eligible for any long-term remuneration plan offered by the Company. 4° Benefits in kind The Chairman can benefit from reimbursement of reasonable business expenses incurred while performing his duties, on presentation of appropriate receipts, in accordance with the Company policy. The Chairman does not receive any other remuneration for his corporate office. Therefore, he does not receive any multi-annual variable remuneration, exceptional remuneration, nor any allocation of stock subscription or purchase options. He is not entitled to any severance payment or remuneration relating to a non-compete clause. These remuneration items will be the subject of a resolution submitted by the Board of directors to the General Meeting. The resolution will be worded as follows: “Having considered the report corporate governance provided for in article L.225-37 and in compliance with

article L.22-10-8 II of the French commercial code, the General Meeting, ruling in accordance with the quorum and majority required for Ordinary General Meetings, approves the remuneration policy including the principles and criteria for setting, allocating and attributing the fixed, variable and exceptional components comprising the total remuneration and benefits of all kind detailed in the aforementioned report and payable to the Chairman’s in respect of his corporate office, which was established in accordance with article L.22-10-8 I of the French commercial code. This information is provided in section 2.3.2.2 “The Chairman – Remuneration 2022” of the 2021 universal registration document.” 2022 REMUNERATION POLICY FOR THE CHIEF EXECUTIVE OFFICER The remuneration elements for the Chief Executive Officer are established on the basis of the Quadient remuneration policy considering his duties within Quadient, his experience, years of service and performance, as well as market practices. Any increases and change in remuneration shall consider Quadient’s performance as well as market practices. Pursuant to article L.22-10-8 of the French commercial code, this report, drawn up by the Board of directors, sets out the principles and criteria for setting, allocating and awarding the fixed, variable, and exceptional components comprising the total remuneration and benefits in kind awarded to the Chief Executive Officer, Geoffrey Godet, in respect of his corporate office, which shall be put to the vote during the General Meeting of 16 June 2022. Should the General Meeting of 16 June 2022 not approve this resolution, the remuneration shall be set in accordance with existing practices within the Company. For 2022, the Appointments and remuneration committee used analyses produced by the external independent consultancy firm Mercer to draw remuneration benchmarks for all the management team positions. As regards the Chief Executive Officer’s remuneration, the committee selected panel of companies, it being confirmed that the median revenue of the peer group companies was aligned with Quadient’s revenue. Three separate peer group panels have been determined: a French panel, comprising 19 companies as the main ● reference used by the Committee in setting up pay level for the Chief Executive Officers. It has been designed to ensure that the compensation level offered are aligned with the current local market practices. an international panel, comprising 19 companies and a ● European panel, comprising 18 companies, as additional sources to ensure competitiveness and reassess all elements of the remuneration accordingly. To remain competitive, the Appointments and remuneration committee recommended to the Board of directors to increase the base salary of the Chief Executive Officer to the median of the French peer group and to increase the weighting of the long-term incentive in the total direct compensation package to be better aligned with global standards.

2

57

UNIVERSAL REGISTRATION DOCUMENT 2021