IMPROvIng The effIcIency Of sOcIal BenefITs At a time of tightening budgets, governments and local authorities are seeking solutions to guarantee the effectiveness of their policies and ensure that social benefits are paid to their intended recipients. Edenred designs secure solutions that enable public authorities to offer constituents a purpose- directed increase in their purchasing power. This is the case, for example, of Ticket restaurant™ Junaeb, a chilean meal voucher intended for disadvantaged students.

a PanOPly Of sOlUTIOns Edenred s public social program solutions guarantee the security, transparency and traceability of social benefits in a wide range of areas, including food, education, human services, agriculture and transportation.

1 % of annual issuE VoluME

at december 31, 2013

ManageMenT Of public social prograMs

17 Edenred Inside . 2013-2014

16 Edenred Inside . 2013-2014