Sopra Steria - 2019 Universal registration document

6 2019 PARENT COMPANY FINANCIAL STATEMENTS Other information

Other off-balance sheet commitments given: Sopra Steria Group also acts as guarantor for the amount of the contribution payable by its UK subsidiaries in respect of disposal plans in the event that those subsidiaries should default.

Similarly, it acts as guarantor for the put option granted to the UK Cabinet Office to acquire the 25% stake not yet held in SSCL, in the event that the Sopra Steria Ltd subsidiary should default. Lastly, it acts as guarantor for the put option granted to SAB’s shareholders to acquire the 30% it does not already own in SAB France, should the Sopra Banking Software France subsidiary default.

OFF BALANCE SHEET COMMITMENTS RECEIVED 6.2.2.

31/12/2019

(in thousands of euros)

Commitments received Endorsements and other bank guarantees Cash facilities (current bank overdrafts): Authorised p

4,470

161,500

Utilised (balance sheet) p

338

Not utilised (off balance sheet) p

161,162

Medium-term loan: Authorised p

1,114,656

Utilised (balance sheet) p

164,656 950,000 54,178 17,077 118,589 325,000

Not utilised (off balance sheet) p

Nominal value of future real estate sublease payments

Net carrying amount of leased assets

Foreign exchange hedge (1)

Interest rate hedge

TOTAL COMMITMENTS RECEIVED

1,626,006

(1) Including internal foreign exchange contracts.

Subsequent events 6.4. On 21 February 2020, the Company announced that it had signed an exclusive negotiation agreement with a view to acquiring a controlling interest in Sodifrance, corresponding to 94.03% of its share capital. The proposed acquisition is subject to the customary consultations and closing conditions, and could be finalised by the end of the second quarter or the beginning of the third quarter of 2020. In addition, the onset of the Covid-19 pandemic during the first quarter of 2020 will have effects on the 2020 financial statements that could not be estimated precisely at the date when the financial statements for the year ended 31 December 2019 were approved. The potential impacts are highly dependent on whether clients decide to terminate or postpone certain services. At the Group level, a crisis-management unit and an adapted governance structure have been set up to monitor and manage, on a day-to-day basis, the consequences of events on business activities. The priorities are to ensure the protection of employees' and clients' health, via the implementation of sufficient measures and the continuity of services for clients. Whenever the technical environment permits, employees work from home.

Other off balance sheet commitments received: As part of a cash pooling arrangement set up in 2012 between certain Group entities and BMG (Bank Mendes Gans), the Company acts as guarantor for the amounts borrowed by its subsidiaries.

Exceptional events 6.3. and legal disputes

There were employee and contractual risks and disputes at the balance sheet date that are not provisioned in the balance sheet because they constitute contingent liabilities. Uncertainties remain as to their amount and the timing of the outflow of resources. Furthermore, there are no exceptional events or legal disputes that may have a material effect on the Company’s financial position, revenue, assets or net profit.

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SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2019