Worldline - 2020 Universal Registration Document

RISK ANALYSIS Internal Control

Miscellaneous F.3.5

The Group is only involved in a small number of proceedings relating to competition law inherited from the SIX Payment Services acquisition. The total amount of the associated provisions in the consolidated accounts closed as of December 31, 2020 is 2.2 million euros. In addition, SIX Payment Services is involved in legal proceeding before the Swiss Federal Administrative Court (“FAC”) that is mentioned in Section F.4.5 of the 2018 Registration Document and detailed in Section 5.2.5 “Material disputes” of the Document E issued in the context of the acquisition of SIX Payment Services and registered by the AMF under number E-18-070 on October 31, 2018 (the”Document E”). On May 21, 2019 Worldline has been informed that the FAC’s judgment dated December 18, 2018

confirmed the sanction imposed by the Swiss Competition Commission. An appeal has been filed on June 20, 2019 and, until the new judgement is rendered, the decision of the FAC is not enforceable. As indicated in the Document E, the penalty amount was backed in the reserves of SIX Payment Services before the acquisition and is factored into the purchase price As of the date of this Universal Registration Document, other than the matters described above, the Group is not aware of any governmental, legal, judicial or arbitration proceedings likely to have, or which has had over the past 12 months, a material effect on the financial condition or results of operations of the Company or the Group. of SIX Payment Services.

Internal Control [GRI 102-16] [GRI 102-17] F.4 [GRI 102-25] [GRI 102-33] [GRI 102-34] [GRI 103-3 Social economic compliance]

The internal control system whose definition is stated in Section F.5.1 below relies on the internal control reference framework prescribed by the AMF ( Autorité des Marchés Financiers ). The “general principles” section of the AMF framework has been used to describe in a structured manner the components of the internal control system – Section F.5.3 “Components of

the internal control system”. Specific attention has been given to the internal control system relating to accounting and financial information, in compliance with the application guide of the AMF - see Section F.5.4 “Systems related to accounting and financial information”. Internal control players are described in Section F.5.2 “Internal control system players”.

F

F.4.1

Internal control definition and objectives

Internal control system put in place by the Company aims to ensure: Compliance with applicable laws and regulations; ● Application of instructions, policies and guidelines ● approved by general management; Correct functioning of Company’s internal processes in ● order to establish the operational effectiveness efficiency, the safeguarding of its assets; and

Reliability of financial information.

●

One of the objectives of internal control procedures is to prevent and control risks of error and fraud. As for any internal control system, this mechanism can only provide reasonable assurance and not an absolute guarantee against these risks.

Universal Registration Document 2020

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