EXECUTIVE SUMMARY An unprecedented third quarter 1 • Strong third party revenue performance (+18.4% vs Q3 2014) • Strict cost discipline resulted in a -18.5% decrease in operational expenses • The strong favorable revenue and expenses variations resulted in a quarterly EBITDA margin up to 58.0% st Achievement of the 1 set of mid-term objectives as an independent company • Leveraging the supportive economic backdrop, Management prioritized the right-sizing of the 2 cost structure • €80m of cost efficiencies to be achieved on an run-rate basis by the end of 2015, one year in advance • Combined with the anticipated 2-year CAGR of 9% to 10% the EBITDA margin for the year will stand at around 55% Stephane Boujnahto commence his CEO role on 16 November 2015 3 • The selection process concluded in September, the EGM approved his appointment on 27 October 2015 and all regulatory approvals have now been received • His international background and energicambition will help take Euronext to the next level 20