Euronext - 2020 Universal Registration Document

General Description of the Company and its Share Capital 6 Shareholder Structure

6.2.5 REDUCTION OF SHARE CAPITAL Under Euronext’s Articles of Association, upon a proposal from the Supervisory Board, or upon proposal of the Managing Board, which has been approved by the Supervisory Board, the general meeting may resolve to reduce Euronext’s issued and outstanding share

capital by cancelling its shares, or by amending Euronext’s Articles of Association to reduce the nominal value of its shares. The decision to reduce Euronext’s share capital requires amajority of at least two- thirds of the votes cast if less than 50% of Euronext’s issued share capital is present or represented at the general meeting.

6.3 Shareholder Structure

GEOGRAPHIC BREAKDOWN OF THE FREE FLOAT IN 2020

The shareholding structure as of 31 December 2020 was as follows.

Rest of the Americas 1.04%

Shareholder

Number of shares % of capital

Belgium 1.74%

Unidentified 7.74%

Reference Shareholders

16,289,000

23.27%

Rest of Europe 6.49% Netherlands 5.89% Rest of the World 3.63% Germany 1.79%

Treasury Shares

329,465

0.47%

Employees

111,183

0.16%

Free float

53,270,352

76.10%

TOTAL

70,000,000

100.00%

USA 32.34%

France 18.07%

United Kingdom 21.27%

6.4 Share Classes and Major Shareholders

6.4.1 REFERENCE SHAREHOLDERS Prior to the IPO, on 27 May 2014, a group of institutional investors (collectively, the “Reference Shareholders”, and each a “Reference Shareholder”) purchased an aggregate of 33.36% of the issued and outstanding Ordinary Shares from ICE, the selling shareholder at the IPO, at €19.20 or a 4% discount to the Offer Price (€20.00). This group of Reference Shareholders was comprised of Novo Banco, BNP Paribas S.A., BNP Paribas Fortis S.A./N.V., ABN AMRO Bank N.V. through its subsidiary ABN AMRO Participaties Fund I B.V., ASR Levensverzekering N.V. (a company of the ASR Nederland group), Caisse des Dépôts et Consignations, Bpifrance Participations, Euroclear S.A./N.V., Société Fédérale de Participations et d’Investissement/Federale Participatie- en Investeringsmaatschappij, Société Générale and BancoBPI Pension Fund represented by BPI Vida e Pensões – Companhia de Seguros, S.A. The Reference Shareholders had entered into a Reference Shareholders agreement (the “Reference Shareholders

Agreement”) governing the relationship among the Reference Shareholders. Please refer to the statement on the Contemplated acquisition of the Borsa Italiana Group (the “Proposed Combination”) in this section to the expected amendment in the context of the Proposed Combination. On 13 June 2017, Euronext was informed that the Reference Shareholders had decided to extend an amended version of their agreement dated 3 June 2014, which was due to expire on 20 June 2017 and which was extended for a further period of two years commencing on 21 June 2017. Eight of the initial Reference Shareholders adhered to the extension, at that time accounting for 23.86% of Euronext’s share capital. The newReference Shareholders group agreed to a new lock-up period of two years commencing on 21 June 2017 and expiring on 20 June 2019. The Supervisory Board representation of the Reference Shareholders was maintained, as the Reference Shareholders, acting jointly, retained their right to nominate one third of the Supervisory Board seats.

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2020 UNIVERSAL REGISTRATION DOCUMENT