UPDATE ON AVAILABLE RESOURCES AND PRUDENTIAL REQUIREMENTS Euronext capitalisation and liquidity (Q1 2016) New prudential requirements: key highlights  Shareholders’ equity: €485m  Mergers and acquisitions  Gross cash position: €203m • Objective to reach positive tangible equity (≥10 years  Liquidity: total available liquidity of €0.5bn (including fully post transaction, grow-in period) drawn RCF) • Possibility to go into negative territory  Dividend policy • Flexibility to define our dividend policy as long as Euronext’s gross debt / EBITDA does not exceed 3.5x Strong and financially stable Group not restricted to engage in (even transformational) M&A and with the flexibility to define its dividend policy AGILITY FOR GROWTH 110