Edenred SE

Capital/Financing Update • Sep 28, 2010

Edenred raises €800 million through a bond issue

Today Edenred successfully placed a €800-million issue of 7-year fixed-rate bonds, maturing in October 6 2017 and paying 3.625% interest.

The issue was completed under satisfying conditions. The bonds were placed with close to 90 European institutional investors.

Proceeds from the issue will be used to strengthen the Group's liquidity, diversify its financial resources and extend the average maturity of its debt.

Deutsche Bank, Natixis and SG CIB acted as bookrunners for the issue.

Edenred, the world leader in prepaid service vouchers, provides solutions that enhance personal well-being and improve the performance of organizations. Operating in 40 countries, with 6,000 employees, nearly 500,000 private and public sector customers, 33 million users and 1.2 million affiliates, Edenred offers a wide range of products in two categories:

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• • Employee and public benefits related to meals and food (Ticket Restaurant, Ticket Alimentation) or quality of life (Ticket CESU, Childcare Vouchers, etc.)
• • Performance solutions in the areas of expense management (Ticket Car, etc.), incentives and rewards (Ticket Compliments, Kadeos, etc.) and new prepaid electronic products.

In 2009, Edenred generated total issue volume of €12.4 billion, of which more than 50% in emerging markets.

CONTACTS

Eliane Rouyer-Chevalier, Executive VP Communications - Tel.: +33 (0)1 74 31 86 26 - eliane.rouyer@edenred.com

PRESS RELATIONS

Carla Sauvet, Media Relations Director - Tel.: +33 (0)1 74 31 86 11 – carla.sauvet@edenred.com Nuno Afonso, Press Attaché - Tel.: +33 (0)1 74 31 86 27 - nuno.afonso@edenred.com

INVESTOR RELATIONS

Solène Zammito, Financial Communications Director - Tel.: + 33 (0)1 74 31 86 18 - solene.zammito@edenred.com Virginie Monier, Investor Relations - Tel.: + 33 (0)1 74 31 86 16 - virginie.monier@edenred.com