Euronext - 2019 Universal Registration Document

Financial Statements 8

Consolidated Statement of Changes in Equity

Payment of contingent consideration payable and exercise of call option for remaining shares in InsiderLog AB In February 2020, the Group paid the €3.6 million contingent consideration payable in relation to InsiderLog AB, as part of the 80% majority stake that was acquired on 17 January 2018. In addition, the Group exercised its call option for the remaining 20% of the shares in InsiderLog AB for an amount of €5.7 million. Consequently, the Group now has an ownership of 100% in InsiderLog AB. Payment of contingent consideration payable and exercise of put option for remaining shares in Company Webcast B.V. In March 2020, the Group paid the €5.0 million contingent consideration payable to Company Webcast B.V., as part of the 51% majority stake that was acquired on 14 February 2017. In addition, the minority shareholders exercised their put option for selling the remaining 49% of the shares in Company Webcast B.V. for an amount of €22.3 million. Consequently, the Group now has an ownership of 100% in Company Webcast B.V. Sale of investment in Algomi Ltd. During the first quarter of 2020, the Group entered into binding agreements to sell its 7.74% minority stake in Algomi Ltd. to BGC Partners. The transaction is expected to close in the course of 2020. The Group expects to receive net proceeds of approximately $3.0 million from the sale of its minority stake.

Covid-19 outbreak The recent and emerging outbreak of Covid-19 is causing high market uncertainty which has led to high volumes in the first quarter of 2020. However, if the situation continues to deteriorate, the impact of the pandemic on the markets could be detrimental. Governments around the world and in most Euronext countries have implemented or announced unprecedented monetary and fiscal responses. Those measures are aimed at avoiding or mitigating the consequences of a potential downturn, however their duration, scope and effectiveness remain uncertain. Currently the market sentiment has led to high volatility and volumes on the market positively impacting Euronext’s trading revenues. However, as the Covid-19 pandemic may push the global economy into a recession in the longer term, trading revenues may suffer from loss of volume. The uncertainty may also impact other business lines, notably the Listing business, which may see a decrease in IPOs. The ultimate severity of the Covid-19 pandemic is very uncertain and therefore the Group cannot reasonably estimate the impact it may have on its financial statements at this stage.

Authorisation of Consolidated Financial Statements Amsterdam, 1 April 2020 Supervisory Board Managing Board Dick Sluimers ( Chairman )

Stéphane Boujnah (CEO and Chairman)

Jim Gollan

Anthony Attia

Manuel Ferreira da Silva

Vincent van Dessel

Jim Gollan

Daryl Byrne Chris Topple

Kerstin Günther Lieve Mostrey Franck Silvent Luc Keuleneer Padraic O’Connor Nathalie Rachou Morten Thorsrud

Simone Huis in ’t Veld

Isabel Ucha

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2019 UNIVERSAL REGISTRATION DOCUMENT