WORLDLINE_REGISTRATION_DOCUMENT_2017

Financials Consolidated financial statements

Note 20

Shareholder equity

In March, in June, in September and in December 2017, 551,967 new shares were created following the exercise of the stock-options plan from the September 2014 and September 2015 plans.

At the end of December 2017, the total of shares reached at 132,898,963 with a nominal value of € 0.68. Common stock was increased from € 89,995,957.28 to € 90,371,294.84.

Note 21

Pensions and similar benefits

The total amount recognized in the Worldline balance sheet in respect of pension plans and associated benefits was € 114.0 million at December 31, 2017. It was € 130.1 million at December 31, 2016. Worldline’s obligations are located predominantly in Germany (35.0% of total obligations), the United Kingdom (24.0%), Belgium (20.0%) and France (16.0%). Characteristics of significant plans and associated risks In Germany , the majority of obligations flow from a defined benefit pension plan which is closed to new entrants. The plan is subject to the German regulatory framework, which has no funding requirements, but does include compulsory insolvency insurance (PSV). The plan is partially funded via an insurance company. The investment strategy is set by the insurance company. In the United Kingdom , these obligations are generated by legacy defined benefit plans, which have been closed to new entrants. The plans are subject to the UK regulatory framework where funding requirements are determined by an independent actuary based on a discount rate reflecting the plan’s expected return on investments. The plans are governed by an independent Board of trustees with representatives of the employer and beneficiaries. Recovery periods are agreed between the plans’ trustees and the sponsoring companies and may run up to 20 years if appropriate securities are provided by sponsors. Since the plan has just a few pensioners, the current asset allocation across United Kingdom plans is predominantly

return seeking, with 80.0% invested in return seeking instruments and the rest in government and non-government bonds, property and infrastructure. In Belgium , the majority of obligations flow from a defined benefit pension plan which is closed to new entrants. The plan is subject to the Belgian regulatory framework where funding requirements are based on a 6.0% discount rate and prescribed mortality statistics. In case of underfunding, a deficit must be supplemented immediately. The plan is insured with a professional insurance company. The investment strategy is set by the insurance company. Worldline’s obligations are also generated, but to a lesser extent, by legal or collectively bargained end of service benefit plans and other long term benefits such as jubilee plans. These plans do not expose Worldline to any specific risks that are unusual for these types of benefit plans. Typical risks include, increase in inflation, longevity and a decrease in discount rates and adverse investment returns. Worldline recognized all actuarial gains and losses asset ceiling effects generated in the period in other comprehensive income. Events in 2017 In 2017, a change in the plan rules was introduced over the first semester for the Railways Pension Scheme in the UK to freeze the pensionable pay on an ongoing basis. As a result, pensionable benefits will no longer increase with salary evolutions. The corresponding reduction in the obligation was recorded in Profit and Loss.

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Worldline 2017 Registration Document