EURONEXT’S LISTING REVENUE IS STABLE AND RESILIENT Annual fixed fees coming from listed products are a >70% of capital raised on equities from follow-on deals significant revenue component (>45%) in €bn in €m Others 73% 45.3 53.5 61.7 70.5 Bond fees 3.9 IPOs 76% 47.1 5.3 Follow-ons 2.9 5.3 12.3 Fixed fees 89% 29.4 2.1 5.4 9.7 6.7 16 Primary Follow on 10.3 13.4 Large M&As and spin-offs form a key revenue stream Spin-off Merger Merger Merger Merger 29 30.4 32.9 June 2015 July 2015 August 2015 September January 2016 €70m Mkt. cap €17bn + €23bn €29bn Mkt. cap 2015 €27bn + €11bn Mkt. cap €1bn Mkt. cap Mkt. cap 2013 2014 2015 AGILITY FOR GROWTH Source: Euronext 46