EDENRED (EPA:EDEN) - EDENRED S.A.: CRÉDIT MUTUEL TEAMS UP WITH EDENRED TO OFFER ITS FRENCH CLIENTS THE TICKET RESTAURANT CARD

Transparency directive : regulatory news

08/10/2018 08:31

Press release
October 8, 2018

CRÉDIT MUTUEL TEAMS UP WITH EDENRED TO OFFER ITS FRENCH CLIENTS THE TICKET
RESTAURANT CARD

From October 8, 2018, customer advisors at Crédit Mutuel(1) and its
subsidiary, CIC, will market the Edenred Ticket Restaurant card, expanding
Crédit Mutuel's range of services for companies and enabling Edenred to step
up its growth on the French market.

Destined for Crédit Mutuel1 and CIC customers, the new service complements the
existing range of employee benefit products (employee savings and retirement
plans, collective insurance), for an even more exhaustive and competitive
offer. It will be available at close to 5,000 branches in France from Crédit
Mutuel and CIC advisors whose strong and long-term relationships with companies
all over the country account for 13.5% of the French market.

60,000 additional cards(2) will soon be migrated to Edenred's online platform,
giving users access to the Ticket  Restaurant card's unique  functionalities
that include easy-to-use instant mobile meal payments via Apple Pay and Samsung
Pay, as well as direct access to delivery platforms Dejbox, Deliveroo, Rapidle
and Uber Eats. Today, the Ticket Restaurant card is already used by 600,000
employees and accepted by 200,000 restaurants and merchants.

"We're delighted with this partnership with the Crédit Mutuel and CIC, which
reflects Edenred's dynamic development and will increase our penetration rate.
Our unique expertise in Ticket Restaurant card services, from mobile payments
to meal delivery platforms, combined with the drive and France-wide presence of
the Crédit Mutuel and CIC teams, will enable us to consolidate our
leadership," said Julien Tanguy, General Manager of Edenred France.

Commenting on the new partnership, Daniel Baal, Chief Executive Officer of
Caisse Fédérale de Crédit Mutuel and CIC, said: "I'm also delighted with
this partnership which is a perfect  fit  with our objective: to offer our
customers the best service, the best expertise and the best performance and
proximity."

Edenred is the world leader in transactional solutions for companies, employees
and merchants, with business volume of more than EUR26 billion generated in
2017, of which 78% through digital formats. Whether delivered via mobile,
online platform, card or paper voucher, all of these solutions mean increased
purchasing power for employees, optimized expense management for companies and
additional business for partner merchants.
Edenred's offer is built around three business lines:

(1) At Caisse Fédérale de Crédit Mutuel member federations - Crédit Mutuel
Anjou, Centre, Centre Est Europe, Dauphiné-Vivarais, Ile- de-France,
Loire-Atlantique et Centre Ouest, Méditerranéen, Midi-Atlantique, Normandie,
Savoie-Mont Blanc, Sud-Est - and Crédit Mutuel federations Antilles-Guyane,
Maine-Anjou, Basse Normandie, Nord Europe and Océan.
(2) Current number of holders of meal vouchers distributed by Crédit Mutuel
and CIC via the Monetico Resto platform.

* Employee benefits (Ticket Restaurant(r), Ticket Alimentación, Ticket Plus,
  Nutrisavings, etc.)
* Fleet and mobility solutions (Ticket Log, Ticket Car, UTA, Empresarial, etc.)
* Complementary solutions including  corporate  payments  (Edenred  Corporate
  Payment),  incentives and rewards (Ticket Compliments, Ticket Kadéos) and
  public social programs.

The Group brings together a unique network of 44 million employees, 770,000
companies and public institutions, and 1.5 million merchants.
Listed on the Euronext Paris stock exchange and part of the CAC Next 20 index,
Edenred operates in 45 countries, with close to 8,000 employees.

About Crédit Mutuel
A leading European bank acknowledged for its financial strength and top-quality
ratios, Crédit Mutuel is deeply attached to its core retail banking business
and mutualist values. It has gradually diversified over time, first as a
pioneer in bancinsurance from the start of the 1970s, and then in other fields
such as telephony, remote surveillance and, more recently, contactless
payments. Its technological expertise, which has constantly been a focal point
of its development strategy, has enabled it to become one of Europe leading
payments solutions providers.
For more information, visit: www.creditmutuel.fr

EDENRED CONTACTS

Media Relations
Anne-Sophie Sibout
+33 (0)1 74 31 86 11
anne-sophie.sibout@edenred.com

Anne-Sophie Sergent
+33 (0)1 74 31 86 27
anne-sophie.sergent@edenred.com

Investor and Shareholder Relations
Solène Zammito
+33 (0)1 74 31 88 68
solene.zammito@edenred.com

Loïc Da Silva
+33 (0)1 74 31 87 09
loic.dasilva@edenred.com

CRÉDIT MUTUEL CONTACTS

Frédéric Monot
+33 (0)1 53 48 79 57
frederic.monot@creditmutuel.fr

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