DIVERSIFICATION OF DATA BUSINESS IS MEETING CHANGING CLIENT NEEDS WHILE MITIGATING THE IMPACT OF REGULATION Market evolution Leveraging opportunities and mitigating risk beyond 2019 1. REGULATION  Euronext will mitigate impact through product MIFID II will lead to disaggregated data sold on a innovation reasonable commercial basis 2. DECLINE IN USER NUMBERS Shift from terminals to non-display applications.  Policy changes to offset impact of future decline to Reduction in users through increased cost awareness secure revenue 3. INNOVATION IN TRADEABLE PRODUCTS  Deliver new services to satisfy client demand, such as Product innovation drives demand for sophisticated sentiment analysis through a partnership with Heckyl data solutions 4. GROWTH IN FINTECH Leading to new data points and new ways of  Create advanced analytics solutions delivering and consuming data AGILITY FOR GROWTH 63