Euronext - 2020 Universal Registration Document

A MESSAGE FROM OUR CEO AND CHAIRMAN OF THE MANAGING BOARD

As Euronext celebrated its 20 th anniversary, the Group reached a turning point in its history with the contemplated acquisition of the Borsa Italiana Group. The combination of Euronext and the Borsa Italiana Group will deliver on Euronext’s strategic objectives to build the leading pan-European market infrastructure.

Stéphane Boujnah CEO and Chairman of the Managing Board

Dear Shareholders, 2020 was an intense year for Euronext. As the Group celebrated our 20 th anniversary, Euronext delivered a strong operating performance while continuing to advance on our “Let’s GrowTogether 2022” strategic plan to build the leading pan-European market infrastructure, connecting local economies to global capital markets. This year, the Group recorded double-digit growth in revenue, EBITDA and Adjusted EPS, and delivered, two years in advance, on the financial targets in our “ Let’s Grow Together 2022 ” strategic plan. This is the result of an improved market position, increased post- trade activity, and our widely recognised cost discipline. Euronext also delivered on many other ambitions outlined in our “ Let’s Grow Together 2022 ” strategic plan, specifically with the deployment of Optiq®, the state-of-the-art proprietary Euronext trading platform, to Oslo markets in 2020, only 17 months after the acquisition of Oslo Børs VPS. The Euronext single liquidity pool, enabled by a single order book and powered by a single technology platform, remains one of the Group’s greatest assets. During this challenging year, operating resilient, fair and orderly markets has never been more crucial. For several years Euronext has prepared for times like the ones we have been through over the past twelve months, investing heavily in technology, capacity and latency, and processes. These investments proved their worth in the unprecedented trading environment of 2020 and as a result, the Group continued to operate while maintaining a close dialogue with our clients and regulators. In line with our mission to finance the real economy, Euronext has enabled companies to fund their investment and innovation projects, preparing for the future and helping to mitigate the effects of the crisis. Ensuring the health and safety of our staff, while keeping operations running in highly volatile conditions, was crucial during 2020. During the difficult months of April and May, Euronext demonstrated real solidarity with our communities through numerous local Euronext initiatives to support hospitals and local charitable projects. Euronext also achieved significant steps towards our ESG ambitions. In June 2020, the Group launched a new suite of ESG-focused products, services and initiatives designed to provide a robust framework of tools for European capital markets to fuel sustainable growth. Our ESG product strategy enables investors to deploy their capital efficiently and transparently to support high-impact projects and companies. In addition, Euronext became the first stock exchange to endorse the UN Global Compact’s nine Ocean Principles, having been an Official Supporter of the United Nations’ Sustainable Stock Exchanges initiative since 2015.

In the meantime, the Group continued to deploy capital. We pursed our Nordic expansion, entering the power market with Nord Pool while strengthening our post-trade activities with the acquisition of VP Securities. We continued to develop our Corporate Services franchise with bolt-on acquisitions to support our clients as they continue with the digital transformation of their businesses. In October, Euronext announced the contemplated acquisition of the Borsa Italiana Group, which is expected to close during the first half of 2021. The Proposed Combination will create a leading European market infrastructure in the European Union. Euronext’s central role in connecting local economies to global markets is strengthened through the creation of the number one venue for listing and secondary markets for both debt and equity financing in Europe. This transaction significantly enhances Euronext’s scale, diversifies our business mix into new asset classes and strengthen our post-trade activities. As we celebrated our 20 th anniversary in 2020, the Euronext Group reached a turning point in our history. The combination of Euronext and the Borsa Italiana Group delivers on the strategic objectives to build the leading pan-European market infrastructure. In 2021, on the back of these achievements and ahead of the acquisition of the Borsa Italiana Group, we will announce our new 2024 guidance for the new scope of the combined company.

Stéphane Boujnah

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www.euronext.com

2020 UNIVERSAL REGISTRATION DOCUMENT