THE INDEX INDUSTRY IS STRUGGLING TO MEET EVOLVING AND GROWING CLIENT NEEDS The index industry is no longer in line… …with clients’ needs and requirements  Increasing index licencing fees and associated market  Growing pressure on costs and search for cheaper data fees alternatives  Access to key data elements only available on a  Increasing need for transparency (impacting chargeable basis benchmark regulation to be implemented in 2018)  Concentration trend in the index industry - limited  Increasing competitiveness, in particular between buy credible suppliers side asset managers and structured product desks, spurring client appetite for multiple offering/alternatives Opportunity to launch an alternative index model to complete Euronext’s current national focused offering AGILITY FOR GROWTH 88