EURONEXT_Registration_Document_2017

2017 ACHIEVEMENTS

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DELIVERING A NEW STATE- OF-THE-ART TRADING PLATFORM AND MIFID II COMPLIANT SYSTEMS

SECURING A CLEARING ENVIRONMENT AND ENHANCED SOLUTIONS FOR OUR TRADING MEMBERS

SUPPORTING THE GROWTH OF EUROPEAN TECH SMES: LAUNCH OF THE EUROPEAN TECH SME INITIATIVE

EXPANDING THE FEDERAL MODEL: ANNOUNCED ACQUISITION OF THE IRISH STOCK EXCHANGE

Euronext worked actively with its clients over 2017 to ensure MiFID II compliance of its IT systems by 3 January 2018 . Meanwhile, Euronext delivered the first milestones of its new state-of-the-art trading platform Optiq™, with Optiq® Market Data Gateway for cash delivered to clients in March 2017 and for derivatives in July 2017, providing customers with maximum flexibility, simplified and harmonized messaging as well as high performance and stability. These achievements were supported by Euronext two IT centre of Excellence, in Paris, and since 2017, in Porto, where Euronext has built a specialist team of analysts, developers and engineers to support the commercial technology business.

On 29 November 2017 , Euronext announced the acquisition of 100% of the shares and voting rights of the Irish Stock Exchange (“ISE”), Ireland’s incumbent stock exchange operator and a leading global debt and fund listing venue. This transaction brings together two highly complementary businesses with significant growth opportunities and expands Euronext’s federal model to a new attractive European country. It creates a leading global player in debt and fund listings, combining the listing expertise of ISE with the traded markets expertise of Euronext. Euronext will benefit from ISE’s leading global positions in debt and fund listings as well as its unique product and listing expertise.

Following the acquisition of a 20% stake in EuroCCP in December 2016, Euronext implemented in 2017 a user preferred choice clearing model for its equity markets, allowing its cash trading members to choose between LCH SA and EuroCCP. Further, on 1 November 2017 , Euronext renewed of its agreement with LCH SA on the continued provision of derivatives and commodities clearing services for a period of 10 years. This was followed, on 29 December, by the completion of the swap of its 2.3% stake in LCH Group for an 11.1% stake in LCH SA, a leading multi-asset CCP in the Eurozone. This transaction strengthened the long- standing relationship between Euronext and LCH SA, and cement the strategic future of LCH SA. In addition, through this transaction, Euronext secured a pre- emption right in circumstances where LCH Group decides to sell more than 50%of the shares of LCH SA (1)

Committed to becoming the reference listing venue for Tech companies in Europe, Euronext announced in September 2017 the opening of new offices in five European cities outside its core markets – in Germany (Frankfurt, Munich), Italy (Milan), Spain (Madrid) and Switzerland (Zurich) – deploying teams on the ground to work collaboratively with local ecosystems to assist Tech companies in developing their business on a greater scale through capital markets.

(1) The parties have agreed that Euronext will have certain minority protection rights connected with its new shareholding in LCH SA. The pre-emption right involves a right of first offer and subject to certain conditions, a matching right.

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2017 REGISTRATION DOCUMENT