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All year long, Edenred regularly provides its shareholders with information that is precise, thorough and

readily accessible, and stays in permanent contact with the fi nancial community to communicate its

development strategy, its business model, its performance and the latest news.

● DIALOG AND CLOSE CONTACTS WITH INDIVIDUAL SHAREHOLDERS

Edenred's individual shareholders can use a range of information and communications tool to stay in touch with the company and establish a close dialog. • A toll-free number 0805 652 662 (toll-free from a fi xed line in France) provides general information about the Group, the latest news (results, income, etc.), Edenred's share price in real time and the company agenda. Mon- day to Friday, from 9 am till 6 pm. • A dedicated e-mail address to subscribe to e-mail campaigns and press releases, or to ask the Group questions 24 hours a day: relations.actionnaires@edenred.com

● TRANSPARENT INFORMATION AND QUALITY RELATIONS

Edenred has kept French and international fi nancial analysts and investors informed on a regular basis, since the company was listed in July 2010. Individual interviews, meetings and conference calls are organized several times a year and every time the annual and six-monthly results are announced. In 2011, Edenred met almost 590 representatives from 277 fi nancial institutions and organized 14 roadshows in Europe, the United States and Canada. Edenred also took part in 11 confe- rences in France and the United States.

• A page for shareholders on the Group web site at www.edenred.com. This page contains all the fi nancial documentation, including the presentation of results, the registration document with the French fi nan- cial markets authority (AMF) and the share price in real time. • The Shareholders' Letter, published twice a year, containing the latest news and precise information on the company's strate- gy, its results, the share price and any signifi - cant events. The Shareholders' Letter can be accessed on the Finance pages of the web site and sent by e-mail. • Meetings in Paris and in the regions organized and chaired by the Shareholders Relations team. Edenred met almost 400 individual shareholders in Strasbourg, France in December 2011.

Edenred organized its fi rst Investor Day on November 29, 2011 in London. The Group's strategy was presented in detail to some 100 investors, bankers and fi nancial analysts from all over the world, with a focus on three topics: Edenred's positioning in the market of prepaid corporate services, the development of new solutions and the shift to digital. The fl oor was opened up for several question and answer sessions with Senior Management and operational Directors, proof of the interest shown by participants in Edenred's business model.

THE FIRST INVESTOR DAY

More than 200 people attended the shareholders' general meeting, which was also broadcast live, then replayed, on the Group's web site at www.edenred.com.

Off ering our shareholders a strategy for strong and sustainable growth