EURONEXT_Registration_Document_2017

FINANCIAL STATEMENTS

Notes to the Company Financial Statements

NOTE 46 SHAREHOLDER’S EQUITY

The movements in shareholder’s equity were as follows:

LEGAL RESERVES AND OTHER

NON- DISTRIBUTABLE PROFITS AND OTHER GAINS REGARDING SUBSIDIARIES

RESERVE FOR OWN SHARES

PROFIT FOR THE YEAR

REVALUATION EUROCLEAR RESERVE

RESERVE FOR TRANSLATION DIFFERENCES TOTAL

ISSUED CAPITAL

SHARE PREMIUM

RETAINED EARNINGS

In thousands of euros

AS AT 31 DECEMBER 2015

112,000 107,562 (18,791)

43,989 172,654

19,612

2,951

7,190 447,167

Share based payments

-

-

-

3,222

-

-

-

-

3,222

Appropriation of the result of preceding year

-

-

-

9,877 (172,654)

76,567

-

- (86,210)

Net result for the period

-

-

-

- 197,013

-

-

- 197,013

Transfer to retained earnings

-

-

-

72,527

-

(72,527)

-

-

-

Exchange rate differences

-

-

-

-

-

-

-

(8,651)

(8,651)

Revaluation subsidiaries

-

-

-

(3,010)

-

-

-

- (3,010)

Other revaluation

-

-

-

-

-

-

394

-

394

Purchase of shares

-

-

(1,427)

-

-

-

-

- (1,427)

Other movements

-

-

1,335 (1,815)

-

-

-

-

(480)

AS AT 31 DECEMBER 2016

112,000 107,562 (18,883)

124,790 197,013

23,652

3,345

(1,461) 548,018

Share based payments

-

-

-

3,778

-

-

-

-

3,778

Appropriation of the result of preceding year

-

-

-

98,204 (197,013)

-

-

- (98,809)

Net result for the period

-

-

-

- 241,297

-

-

- 241,297

Redemption liability subsidiaries

-

-

-

(8,200)

-

-

-

- (8,200)

Transfer to retained earnings

-

-

-

22,513

-

(22,513)

-

-

-

Exchange rate differences

-

-

-

-

-

-

-

(2,674)

(2,674)

Revaluation subsidiaries

-

-

-

13,675

-

-

-

- 13,675

Other revaluation

-

-

-

-

-

-

21,399

- 21,399

Purchase of shares

-

-

(986)

-

-

-

-

-

(986)

Other movements

-

-

2,600 (4,829)

-

-

-

- (2,229)

6

AS AT 31 DECEMBER 2017

112,000 107,562 (17,269)

249,931

241,297

1,139

24,744

(4,135) 715,269

retained earnings, mainly because distribution restrictions were lifted following the merger between Euronext France (Holding) S.A.S. and Euronext Paris S.A. Revaluation Euroclear Reserve The revaluation reserve is maintained for the revaluation for the available-for-sale financial instruments, 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 22 of the Consolidated Financial Statements. The movements in the shareholder’s equity are before the proposed profit appropriation (see Note 53). The proposed profit appropriation included the addition to retained earnings (€120.6 million) and dividends (€120.6 million).

Non-distributable Profits and Other Gains Regarding Subsidiaries

As per 31 December 2017, profits and other gains from subsidiaries are not freely available for distribution for an amount of €1.1 million relating to legal reserves. In 2017, an amount of €22.5 million was transferred to retained earnings, because distribution restrictions that were remaining from prior year were lifted for Euronext Paris S.A. In 2016, an amount of €72.6 million was transferred to

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2017 REGISTRATION DOCUMENT