KEY TARGETS OF OUR SELECTED GROWTH INITIATIVES €70m top line growth, with a ~50% EBITDA margin 1 1 Revenues OpEx Investments Adding Listing The exchange for European Tech SMEs €5m value to issuers Market Data The modular corporate services provider €29m on data analytics €100-150m One-stop-shop pan-European ETF for bolt-on Cash platform in partnership with clients €6m €35m acquisitions and development Euronext branded European family of costs Adding value Market Data indices with an open source model €12m to investors Derivatives Specialist content provider on agricultural €10m commodities and capture OTC flows Post-Trade Creating options and diversified post-trade €8m solutions +€70m +€35m +€100-150m AGILITY FOR GROWTH 1.Excluding current derivatives clearing agreement 106