Euronext - 2020 Universal Registration Document

Presentation of the Group

Strategy: “Let’s Grow Together 2022” Strategic Plan

Multilateral Trading Facilities Multilateral trading facilities (“MTFs”) are primarily institutional investor-focused marketplaces offering trading in pan-European securities on low latency, lowcost platforms and are usually operated by financial institutions ( e.g. banks and brokerages) or operators of regulated markets. MTFs are also subject to less stringent disclosure, transparency and trading rules than regulated markets and have more discretion to operate and organise themselves. Euronext operates a number of MTFs, including its SME andmidcap- dedicated marketplace Euronext Growth (formerly Alternext) (Belgium, France, Portugal, Norway, Ireland), Euronext Access (formerly the Marché Libre) in Belgium, in Portugal and in France, and Euronext Expand in Norway. Euronext also operates several MTFs in Ireland: Global Exchange Market, for listing debt securities aimed at professional investors and investment funds, Atlantic Securities Market, for US listed companies seeking to access euro pools of capital. In Norway, Euronext operates Euronext NOTC, a platform to provide quotes and allow non-listed firms to benefit from a level of liquidity. Finally, Euronext operates Euronext Block, a pan-European equity block pool in the United Kingdom.

Systematic Internaliser The systematic internaliser (“SI”) regime was introduced by MiFID in 2007 which defines a SI as an investment firm which, on an organised, frequent systematic and substantial basis, deals on an own account basis when executing client orders outside a regulated market, an MTF or an organised trading facility (“OTF”) without operating a multilateral system. SIs are bilateral trading platforms usually operated by banks or brokers and offering them the possibility to match client orders against their own capital, as an alternative to sending their orders to multilateral trading venues such as regulated markets or MTFs. SIs are subject to much lighter organisational, disclosure, and transparency requirements than regulated markets and MTFs while some elements of the framework could be amended (see Risk chapter). Over-the-counter (“OTC”) In all asset classes, Euronext is faced with competition from unlicensed marketplaces operating over-the-counter.

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1.2 Strategy: “Let’s Grow Together 2022” Strategic Plan

1.2.1

“LET’S GROW TOGETHER 2022”, MAPPING PATH TO BUILD THE LEADING PAN-EUROPEAN MARKET INFRASTRUCTURE

Euronext’s 2022 Business Ambitions Euronext aims to build on its existing core assets to grow and diversify its local and global infrastructures. Euronext aims to proactively address the changing landscape by developing innovative solutions and models and capitalizing on local expertise. Euronext aims to leverage its leadership in listing to expand its sectoral, Tech and SME expertise and attract evenmore international issuers. Euronext aims to be positioned upstream in the IPO process to accompany entrepreneurs and corporate leaders while getting closer to private equity players to become the preferred exit strategy. The Group also aims to develop its innovation and sustainable offering in Corporate Services to better meet the needs of its clients. Euronext aims to develop its leading global position in the listing of debt and funds, expand ancillary services and its leading green bond offering. Euronext aims to continue to extract value in cash trading, by leveraging its federal model and unrivalled European footprint, strengthening client relationships, and deploying new codesigned market models. The Group aims to roll out its successful cash yield and liquidity management expertise to the derivatives business. Euronext aims to further expand its commodities franchise and target international clients. Euronext FX aims to diversify through the development of new product sets, specifically derivatives, and target new client segments and geographies. Euronext aims to invest in advanced data and build analytics products, while adapting its offering to the evolving needs of clients and to regulation. The Group will expand its agile and cost-effective index franchise.

Since its IPO in 2014, through optimal resource allocation and cost control, as well as stronger development of underexploited businesses, Euronext has strived to deliver its solutions for the real economy. Following the delivery of its IPO objectives a year in advance, in May 2016 Euronext published its strategic plan, Agility for Growth, outlining its growth ambitions to 2019. Euronext achieved most of its Agility for Growth ambitions one-year in advance, and announced in October 2019 its new strategic plan, Let’s Grow Together 2022, introducing its growth ambition to 2022. Under this plan, Euronext is determined to build the leading pan- European market infrastructure, connecting local economies to global capital markets, by growing and seizing opportunities, to accelerate innovation and sustainable growth. The Group will continue to extend its business across the full value chain of financial markets, enhancing its best-in-class services to all clients, and consolidating its key role within the pan-European financial ecosystem. The strategic plan relies on leveraging Euronext’s unique federal model, creating a sustainable competitive advantage, and building on its strong assets to deliver future growth.

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2020 UNIVERSAL REGISTRATION DOCUMENT