SECTION 1 -

The following table gives an overview of the Group’s other key products designed for
employers:
Name of product Main function Main countries of distribution
Non‐food benefits
Ticket Transport ® / Commuter Check ® Vouchers allowing private and public
companies to partially finance commuting
expenses for employees.
Ticket CESU ® A service voucher, which is fully or partly
subsidized by companies, works councils
and public sector employers, enabling
employees to finance over 20 domestic
services at a reduced cost.
Ticket Compliments ® / Ticket Kadéos ® Gift vouchers benefiting, in certain
countries, from exemption from income
tax and/or social security charges, which
employers can grant to employees for
special events (wedding, birth of a child,
Christmas, etc.)
Ticket Holiday ® Vouchers enabling employers to contribute
to the cost of employee holidays.
EcoChèque ® Vouchers allowing employees to purchase
products in affiliated stores offering eco‐
food products only
1.5.2.2 Public benefits
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Brazil, the United States, Italy and
Uruguay
France
France, Romania, Hungary, Belgium and
Brazil
Romania, the Czech Republic and
Slovakia
Belgium
(a) Economic and social advantages of public benefit programs
The employee and public benefits business helps local authorities and public institutions to
allocate social aid according to their social policy.
New Services creates tailor‐made programs to meet the needs of local authorities and
public institutions in terms of health, education, integration into society, domestic assistance, leisure
and cultural activities. Depending on the given needs, a voucher product is designed for the
institution or local authority in question and a specific affiliated merchant network is established.
These programs favor the transparency and traceability of subsidies granted to the public
on a flexible, simple and effective basis. In addition, these service vouchers offer users freedom of
choice within a predefined network. These programs offer local authorities and institutions an
alternative to the distribution of cash subsidies, providing several advantages in that they:
• target a specific need;
• ensure the traceability of subsidies and guarantee that beneficiaries will put them to
the proper use;
• prevent the misuse of funds and problems of corruption; and
• are simple to implement and are flexible for users.
These vouchers also provide an alternative solution to the distribution of “aid in kind”, such
as food packages, which is beneficial in that it:
• makes beneficiaries more responsible by giving them freedom of choice within a
defined network;
• promotes local businesses;
• removes the risk of exceeding sell‐by dates on the aid in kind delivered, and
eliminates storage problems.