A REINFORCED TEAM AND PROCESSES TO CAPTURE OPPORTUNITIES Euronext strengthened team and process Key quantitative criteria on potential targets  Substantial part of the €100-€150m envelope for  Strong track record in delivering Euronext’s successful IPO and stated objectives developments to be allocated to bolt-on acquisitions  New dedicated team at work with the recruitment  Potential to diversify Euronext revenue base and/or of: get scale  Chief Innovation Officer  Purchase multiple discipline  Head of M&A  Revenue and cost synergy potential  Disciplined screening of identified opportunities to  ROCE > WACC in year 3 optimise management time  Solid cash conversion  Investment committee put in place  Deleveraging prospects  Robust post acquisition integration processes Euronext will analyse any transformational transaction that might become actionable and which might deliver scale and enhanced profitability on a case by case basis AGILITY FOR GROWTH 39