Euronext // 2021 Universal Registration Document

CONTENTS

INTEGRATED PRESENTATION

2

GENERAL DESCRIPTION OF THE COMPANY AND ITS SHARE CAPITAL 163 6.1 Legal Information on the Company 164 6.2 Share Capital 164 6.3 Shareholder Structure 166 6.4 Share Classes and Major Shareholders 166 6.5 General Meeting of Shareholders and Voting Rights 171 6.6 Anti-Takeover Provisions 172 6.7 Obligations of Shareholders and Members of the Managing Board to Disclose Holdings 172 6.8 Short Positions 173 6.9 Market Abuse Regime 173 6.10 Transparency Directive 174 6.11 Dutch Financial Reporting Supervision Act 174 6.12 Dividends and other Distributions 174 6.13 Financial Calendar 175

PRESENTATION OF THE GROUP

15

1.1 Company Profile 16 1.2 Strategy: “Growth for Impact 2024” Strategic Plan 20 1.3 Description of the Business 24 1.4 Regulation 43

RISK MANAGEMENT & CONTROL STRUCTURE

51

2.1 Risk Factors

52 61 64

2.2 Mitigation Measures 2.3 Control Framework

EMPOWER SUSTAINABLE FINANCE

71

3.1 Value Creation by Euronext

72 75 76

3.2 ESG Governance 3.3 Relevant standards

3.4 Euronext’s five ESG Impact Areas

OPERATING AND FINANCIAL REVIEW

177

and the Sustainable Development Goals

78

7.1 Overview

178

3.5 Summary of ESG KPI Glossary and Reporting Criteria

105 107

7.2 Material Contracts and Related Party Transactions

209 211 212 213 215

7.3 Legal Proceedings

7.4 Insurance

CORPORATE GOVERNANCE 4.1 Dutch Corporate Governance Code, “Comply or explain”

111

7.5 Liquidity and Capital Resources

7.6 Tangible Fixed Assets

112 113 126

4.2 Management Structure

4.3 Report of the Supervisory Board

FINANCIAL STATEMENTS

217

4.4 Remuneration Report of the Remuneration Committee

8.1 Consolidated Statement of Profit or Loss 8.2 Consolidated Statement of Comprehensive Income

218

130

219 220 221

8.3 Consolidated Balance Sheet

SELECTED HISTORICAL CONSOLIDATED FINANCIAL INFORMATION, OTHER FINANCIAL INFORMATION AND UNAUDITED “PRO FORMA” COMBINED FINANCIAL INFORMATION 5.1 Selected Historical Consolidated Financial Information 5.3 Unaudited “pro forma” Combined Financial Information 5.4 Assurance Report of the Independent Auditor 5.2 Other Financial Information

8.4 Consolidated Statement of cash flows 8.5 Consolidated Statement of Changes in Equity 222 8.6 Notes to the Consolidated Financial Statements 223 8.7 Company Financial Statements for the year ended 31 December 2021 293 8.8 Notes to the Company Financial Statements 295

147

149 151

OTHER INFORMATION Profit Appropriation Section Independent Auditor’s Report

311

154 159

312 312

Assurance Report of the Independent Auditor on selected non-financial information

319

G GLOSSARY,

: Items above in the Contents of the Universal Registration Document with the symbol DR concern the Directors’ Report within the meaning of Article 2:391 of the Dutch Civil Code

CONCORDANCE TABLES

323