Euronext // 2021 Universal Registration Document

Financial Statements

Notes to the Company Financial Statements

NOTE 52 SHAREHOLDERS’ EQUITY

The movements in shareholder’s equity were as follows:

Legal reserves and other

Non-distributable profits and other gains regarding subsidiaries

Reserve for translation differences

Issued capital

Share premium

Reserve for own shares

Retained earnings

Profit for the year

Revaluation reserve

Total

In thousands of euros

As at 31 December 2019 112,000 107,562

(11,194)

416,922 221,966

23,121

48,378

(615) 918,140

Share based payments

—

—

— 8,469

—

—

—

— 8,469

Appropriation of the result of preceding year

—

—

— 111,346 (221,966)

—

—

— (110,620)

Net result for the period

—

—

—

— 315,484

—

—

— 315,484

Transfers within equity

—

—

— (6,664)

—

6,664

—

— —

Exchange rate differences

—

—

—

—

—

—

— (55,462)

(55,462)

Revaluation subsidiaries

—

—

— 728

—

—

—

— 728

Other revaluations

—

—

—

—

—

— 3,917

— 3,917

Acquisition of NCI subsidiaries

—

—

— (6,906)

—

—

—

— (6,906)

Purchase of shares

—

— (13,228)

—

—

—

—

— (13,228)

Other movements

—

— 4,555

(6,329)

—

—

—

— (1,774)

As at 31 December 2020 112,000 107,562

(19,867)

517,566

315,484

29,785

52,295

(56,077) 1,058,748

Share based payments

—

—

— 10,492

—

—

—

— 10,492

Appropriation of the result of preceding year

—

—

— 158,319 (315,484)

—

—

— (157,165)

Net result for the period

—

—

—

— 413,344

—

—

— 413,344

Issuance of common stock

59,370 2,315,866

—

—

—

—

—

— 2,375,236

Transfers within equity

—

—

— 8,656

—

(8,064)

(592)

— —

Exchange rate differences

—

—

—

—

—

—

— 43,861 43,861

Revaluation subsidiaries

—

—

— (2,029)

—

—

—

— (2,029)

Other revaluations

—

—

—

—

—

— 1,335

— 1,335

Acquisition of NCI subsidiaries

—

—

— (59,291)

—

—

—

— (59,291)

Purchase of shares

—

— (31,844)

—

—

—

—

— (31,844)

Other movements

—

— 8,933 (14,034)

—

—

—

— (5,101)

AS AT 31 DECEMBER 2021 171,370 2,423,428

(42,778)

619,679 413,344

21,721

53,038

(12,216) 3,647,586

8

Revaluation reserve The revaluation reserve is maintained for the revaluation for the financial assets at FVOCI, net of tax. This reserve is a non- distributable legal reserve. Reserve for translation differences The reserve for translation differences concerns all exchange rate differences arising from the translation of the net investment in foreign entities and the related goodwill. This reserve is a non- distributable legal reserve.

For further information to the shareholder’s equity, see Note 26 of the Consolidated Financial Statements. The movements in the shareholder’s equity are before the proposed profit appropriation (see Note 59). The proposed profit appropriation includes the following items: deduction of legal reserves for €-8.1 million, addition to retained earnings for €214.7 million and proposed dividends of €206.7 million. Non-distributable profits and other gains regarding subsidiaries As at 31 December 2021, profits and other gains from subsidiaries are not freely available for distribution for an amount of €21.7million relating to legal reserves (2020: €29.8 million).

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2021 UNIVERSAL REGISTRATION DOCUMENT