2019 Universal registration document and annual financial report - BNP PARIBAS18

1 Presentation of the BnP PariBas GrouP

1

BNP Paribas and its shareholders

➤ BNP PARIBAS OWNERSHIP STRUCTURE AT 31 DECEMBER 2019 (% OF VOTING RIGHTS)

45.9% European Institutional Investors

1.6%

7.7%

5.0%

Other and unidentied

31.1% Non-European Institutional Investors

SFPI

BlackRock Inc.

1.0% Grand Duchy

of Luxembourg

4.2% Employees

3.5% Retail

shareholders

To the best of the Company s knowledge, no shareholder, other than SFPI (Société Fédérale de Participations et d investissements) and BlackRock Inc., held more than 5% of the capital or voting rights as at 31 December 2019.

SFPI became a shareholder in BNP Paribas at the time of the integration with the Fortis group in 2009. During 2009, SFPI made two threshold crossing disclosures to the Autorité des Marchés Financiers (AMF):

■ on 19 May 2009 (AMF disclosure No. 209C0702), SFPI disclosed that its interest in BNP Paribas capital and voting rights had risen above the 5% and 10% disclosure thresholds following its transfer of a 74.94% stake in Fortis Bank SA/NV in return for 121,218,054 BNP Paribas shares, which at the time represented 9.83% of BNP Paribas share capital and 11.59% of its voting rights. The disclosure stated in particular that neither the Belgian government nor SFPI were considering taking control of BNP Paribas.

At the same time, BNP Paribas notified the AMF (AMF disclosure No. 209C0724) that an agreement had been reached between the Belgian government, SFPI and Fortis SA/NV (renamed Ageas SA/NV at end-April 2010), giving Fortis SA/NV an option to buy the 121,218,054 BNP Paribas shares issued as consideration for SFPI s transfer of its shares in Fortis Bank, with BNP Paribas having a right of subrogation regarding the shares concerned;

■ on 4 December 2009 (AMF disclosure No. 209C1459), SFPI disclosed that it owned 10.8% of BNP Paribas capital and voting rights. This change resulted mainly from:

■ BNP Paribas capital increase through the issuance of ordinary shares in 2009,

■ the capital reduction through the cancellation, on 26 November 2009, of preferred shares issued on 31 March 2009 to Société de Prise de Participation de l État.

On 27 April 2013, the Belgian government announced the buy-back via SFPI of the purchase option that had been given to Ageas.

On 6 June 2017 (AMF disclosure No. 217C1156), SFPI disclosed that it owned 7.74% of the share capital and voting rights of BNP Paribas; this drop below the 10% capital and voting rights thresholds resulted from the sale of shares on the market.

Since then, BNP Paribas has received no threshold crossing disclosures from SFPI.

On 9 May 2017 (AMF disclosure No. 217C0939), BlackRock Inc. disclosed that its interest in BNP Paribas capital and voting rights had risen, as at 8 May 2017 above the 5% disclosure thresholds. On this date, BlackRock held 63,223,149 BNP Paribas shares on behalf of its clients and the funds it manages.

On 18 June 2019 (AMF document No. 219C0988 dated 19 June), BlackRock Inc. stated that it held 62,764,366 BNP Paribas shares.

Since then, BNP Paribas has received no threshold crossing disclosures from BlackRock Inc.