Euronext // 2021 Universal Registration Document

Financial Statements 8 Notes to the Consolidated Financial Statements

The defined benefit obligation and plan assets are composed by country as follows:

2021

Belgium

Portugal

France 11,016

Norway

Italy 6,887

Total

In thousands of euros

Present value of obligation Fair value of plan assets

29

25,088

13,092

56,112

—

(19,621)

(3,782)

(586)

—

(23,989) 32,123

TOTAL

29

5,467

7,234

12,506

6,887

2020

Belgium

Portugal

France 10,919

Norway

Total

In thousands of euros

Present value of obligation Fair value of plan assets

30

25,501

13,021

49,471

—

(18,758)

(3,719)

(517)

(22,994) 26,477

TOTAL

30

6,743

7,200

12,504

The significant actuarial assumptions were as follows:

2021

Belgium

Portugal

France

Norway

Italy 0.8%

Discount rate

0.2%

1.3%

1.1%

2.1%

Salary growth rate

0.0%

1.7%

2.5%

0.8%

2.2%

PENSION GROWTH RATE

0.0%

0.0%

0.0%

1.8%

2.4%

2020

Belgium

Portugal

France

Norway

Discount rate

0.1% 0.0% 0.0%

1.3% 1.7% 0.0%

0.9% 2.5% 0.0%

1.7% 0.8% 1.2%

Salary growth rate Pension growth rate

The Group derives the discount rate used to determine the defined benefit obligation from yields on high quality corporate bonds of the duration corresponding to the liabilities. As of 31 December 2021, the sensitivity of the defined benefit obligation to changes in the weighted principal assumptions were:

Impact on defined benefit obligation

Change in assumption

Increase in assumption

Decrease in assumption

All plans except Italy

Discount rate

0.25% 0.50% 0.50%

-3.9% 1.7% 4.2%

4.2%

Salary growth rate Pension growth rate

-1.6% -3.9%

Impact on defined benefit obligation

Change in assumption

Increase in assumption

Decrease in assumption

Italy

Discount rate Inflation rate Turnover rate

0.50% 0.25% 2.00%

-4.7%

5.1%

1.2%

-2.3%

-3.7%

3.2%

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2021 UNIVERSAL REGISTRATION DOCUMENT