NEOPOST_REGISTRATION_DOCUMENT_2017

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Financial statements

Parent company statements of financial position

Financial debt Note 10

At 31 January 2018 and 2017, debt breaks down as follows:

Less than one year

One to five years

More than five years

31 January 2018

31 January 2017

Undated bonds (ODIRNANE) (a)

1.1

265.0

-

266.1

266.1

Bonds issue – Neopost S.A. 3.50% (b)

0.8

150.0

-

150.8

150.8

Bonds issue – Neopost S.A. 2.50% (c)

5.3

349.1

-

354.4

354.2

United States private placements (d)

4.7

77.1

40.1

121.9

266.0

Schuldschein (e)

2.1

120.6

83.9

206.6

-

Revolving credit facility (f)

0.2

-

-

0.2

60.4

Borrowing from Neopost Ireland Ltd

-

0.6

-

0.6

0.6

TOTAL 124.0 1,100.6 1,098.1 On 16 June 2015, NEOPOST S.A. issued a net share settled undated senior unsecured bonds convertible into new shares and/or exchangeable (a) for existing shares (ODIRNANE) for a notional amount of 265 million euros representing 4,587,156 shares with a nominal value of 57.77 euros. This bond is traded on the open market "Freiverkehr" of the Frankfurt stock exchange under ISIN code FR0012799229. Neopost issued a bond for a nominal amount of 150 million euros on 6 December 2012 on Euronext Paris under ISIN number FR0011368521 (b) after filing a prospectus with the Autorité des Marchés Financiers (approval number 12–588 of 4 December 2012). This bond is payable on 6 December 2019 and carries a fixed interest rate of 3.50%. This bond has been placed with a limited number of qualified investors. Neopost issued an inaugural 350 million euros public bond on 23 June 2014 quoted on Euronext Paris under ISIN number FR0011993120 after (c) filing a prospectus with the Autorité des Marchés Financiers (approval number 14–310 of 19 June 2014). This bond carries a fixed interest of 2.50% and is payable on 23 June 2021. On 20 June 2012, Neopost concluded a private placement in the United States consisting of five tranches with different maturities between (d) four and ten years for a total of 175 million United States dollars. The different tranches bear a fixed interest rate of between 3.17% and 4.50% depending on the maturity of the tranche. On 24 April 2017, Neopost prepaid 60 million United States dollars and on 14 th November 2017 prepaid 19 million United States dollars. On 20 June 2017, Neopost repaid 5 million United States dollars which matured. The amount of the private placement is 61 million United States dollars at the end of January 2018. A complementary 50 million United States dollars tranche with a maturity of six years was set up in october 2013. The new issue was finalized on 23 January 2014 at a variable rate of three-month LIBOR USD. The debt was prepaid on 24 April 2017. On 4 September 2014, Neopost concluded a 90 million United States dollars private placement amortizable in three equal instalments starting in September 2020. This private placement bears a variable rate of three-month LIBOR USD. In February 2017, Neopost concluded private placements under German law (Schuldschein) consisting of ten tranches with different maturities (e) between three and six years for a total amount of 135 million euros and 86.5 million United States dollars. On 20 June 2017, Neopost arranged a revolving credit line for drawdown in euros and in United States dollars for an initial amount equivalent (f) to 400 million euros for a period of five years in replacement of the revolving credit facility concluded on 17 January 2013. The interest rate is indexed to the EURIBOR or LIBOR USD over the relevant drawdown period plus a margin depending on the debt converage ratio by the EBITDA calculated on the Group's consolidated financial statements excluding leasing activities. At the end of January 2018, Neopost do not used that credit facility. 14.2 962.4

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REGISTRATION DOCUMENT 2017 / NEOPOST