Euronext - 2020 Universal Registration Document

Financial Statements

Notes to the Consolidated Financial Statements

VP Securities As at 31 December 2020, the value of securities kept in custody by VP Securities amounted to €1,456 billion based on the market value of shares and the nominal value of bonds. The procedures of this National Central Securities Depository are focused on the provision of notary services, central maintenance services and settlement securities services, according to the CSDR (Central Securities Depository Regulation). The settlement services, provided through T2S platform, have its risks mitigated mainly by early warning systems. The reconciliation procedures in place mitigate the major risks related to the registration of securities. The transaction is still subject to regulatory approvals in several jurisdictions. Euronext expects to complete the transaction in in the first half of 2021. Exercise of Call Option For Remaining Shares in iBabs B.V. On 3 March 2021, the Group exercised its call option to acquire the remaining 40% of the shares in iBabs B.V. Cash consideration of €55.6 million was paid to the non-controlling shareholders, which was recognised directly against Shareholders’ equity. Consequently, the Group now has an ownership of 100% in iBabs B.V. Sale of subsidiary Centevo AB On 19 March 2021, the Group completed the sale of 100% of the share capital in its subsidiary Centevo AB to Profile Software, an international financial solutions provider. The proceeds of the sale amounted to €4.0 million. The result from disposal of this subsidiary was considered not significant. Changes in the Group’s Key Management Personnel On 18 January 2021, the Group announced that Anthony Attia will be handing over his position as CEO of Euronext Paris and member of the Managing Board of Euronext N.V., following his appointment as Global Head of Primary Markets and Post Trade. In addition, the Group announced that Delphine d’Amarzit has been appointed as his successor, subject to regulatory and shareholder approvals, starting from 15 March 2021.

companies in the Group up to a limit of NOK 300 million and is the sole insured party for the balance of NOK 700 million. The insurance is subject to a limit of NOK 500 million for any one claim. VPS received in March 2021 a notification of a claim that refers to an alleged wrongful act performed by an account operator leading to a potential loss for a third party. According to the current Securities Register Act and General terms and conditions for account operators VPS can be responsible towards third parties for wrongful acts by an account operator, but is entitled to be indemnified by the account operator for the loss.

NOTE 40 EVENTS AFTER THE REPORTING PERIOD

The significant events that occurred between 31 December 2020 and the date of this report that could have a material impact on the economic decisions made based on these Financial Statements are listed below: Acquisition of London Stock Exchange Group Holdings Italia S.p.A. (“Borsa Italiana Group”) As referred to in Note 2, the acquisition of the Borsa Italiana Group is subject to a broad range of conditions. During the first months of 2021, the following major conditions were satisfied: n On 13 January 2021, the European Commission has conditionally approved, under the EU Merger Regulation, LSEG proposed acquisition of Refinitiv; n On 29 January 2021, LSEG closed its acquisition of Refinitiv; n On 25 February 2021, the Financial Conduct Authority approved the Proposed Combination; n On 26 February 2021, the European Commission approved Euronext under the EU Merger Regulation as a suitable purchaser for the Proposed Combination; n On 11 March 2021, Euronext received a declaration of non- objection from Euronext’s College of Regulators in relation with the Proposed Combination; n On 9 March 2021, Euronext received a declaration of non- objection from the National Bank of Belgium in relation with the Proposed Combination; n On 25 March 2021, LSEG received the approval of the Financial Industry Regulatory Authority (“FINRA”) in relation with the Proposed Combination. Authorisation of Consolidated Financial Statements Amsterdam, 30 March 2021 Supervisory Board Managing Board Dick Sluimers (Chairman) Franck Silvent Jim Gollan

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Stéphane Boujnah (CEO and Chairman) Chris Topple Daryl Byrne Georges Lauchard Isabel Ucha Øivind Amundsen Simone Huis in ’t Veld Vincent van Dessel

Lieve Mostrey Luc Keuleneer Manuel Ferreira da Silva

Morten Thorsrud Nathalie Rachou Padraic O’Connor

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2020 UNIVERSAL REGISTRATION DOCUMENT