BUILDING BLOCKS OF 2019 SALES TARGET (EXCL. GROWTH INITIATIVES) Core business1 expected to grow 2% per year €519m +€50m +€10m €505m €467m -€21m -€52m +€29m +€39m 2015 reported Clearing 2015 reported excl. Volume impact Yield pressure Non-volume 2019 target1 adjustment clearing business Volume-related business AGILITY FOR GROWTH 1.Excluding clearing operations 105