POST TRADE & MARKET SOLUTIONS ACTIVITIES Clearing Market solutions  Q3 Revenues up +22.2% vs Q3’2014, to €14.6 million  Revenues were down -5.9% vs Q3’2014, to €7.9 million  Strong performance of our commodity franchise and buoyant  Decrease was mainly due to reduced solution revenue financial derivatives volumes fuelled the growth reflecting our intention to consolidate clients onto the new platform and reduce legacy projects Settlement & Custody  Market Solutions revenue will continue to be constrained  Q3 Revenues down -7.6% to €4.8 million while we complete our refreshed core trading infrastructure and begin to migrate clients to the new platform in 2017  Revenues were impacted by the decrease in the private and public debt assets under custody  Continue rigorous focus on Interbolsa’s development plan for TARGET2-Securities (T2S) to be maintained, ensuring the readiness of our CSD for its migration in 2016. 4.6 4.5 11.9 14.6 2.4 Q3'2014 Q3'2014 1.8 1.4 1.6 5.2 4.8 Q3'2015 Q3'2015 CLEARING SETTLEMENT & CUSTODY SOLUTIONS SFTI COLO CONNECTION FEES & OTHER 9

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