932019 Universal registration document and annual financial report - BNP PARIBAS

2CorPorate GovernanCe and internal Control

2

Corporate governance report

Valuation on closing date

Initial value of the share at the

award date Fair value at

date of award(3)

Valuation at closing date

31/12/2018

Valuation at closing date

31/12/2019

Closing price of BNP Paribas shares 39.475 52.83

Closing level of the EURO STOXX Banks index 87.04 96.71

Zero-coupon rate Euribor Euribor

Volatility of the BNP Paribas share price 25.25% 20.59%

Volatility of the EURO STOXX Banks index 24.72% 21.11%

Correlation between the BNP Paribas share and the EURO STOXX Banks index 88.93% 90.37%

Financial model used Monte-Carlo Monte-Carlo

Fair value of the plan awarded on 4 February 2015 51.76(1) 27.60% 1.68%(3) 0.00%(3)

Fair value of the plan awarded on 4 February 2016 54.07(1) 17.43% 5.54%(3) 14.95%(3)

Fair value of the plan awarded on 6 February 2017 48.35(2) 49.67% 20.90%(3) 57.41%(3)

Fair value of the plan awarded on 5 February 2018 63.99(2) 30.67% 14.53%(3) 35.31%(3)

Fair value of the plan awarded on 5 February 2019 53.03(2) 18.10% NA 43.91%(3)

(1) The initial amount is the higher of the average opening price of the BNP Paribas share in the rolling 12-month period prior to the award date, and the opening BNP Paribas share price on the award date.

(2) The initial value is the average of the opening price of the BNP Paribas share for the rolling 12-month period preceding the date of grant. (3) As a percentage of the amount awarded.

➤ DETAILED CONTRACTUAL SITUATION OF THE GROUP S EXECUTIVE CORPORATE OFFICERS

Executive corporate officers at 31 December 2019

Employment contract Top-up pension plan

Payments or benefits due or likely to

become due upon termination or change

in functions

Payment relating to a non-compete

clause relating to non- complete agreements

Yes No Yes No Yes No Yes No

Mr Jean LEMIERRE Chairman of the Board of directors (1) (2)

Jean-Laurent BONNAFÉ Director and Chief Executive Officer (3) (2) (4)

Mr Philippe BORDENAVE Chief Operating Officer (5) (2)

(1) Waiver of employment contract with effect from 1 December 2014 in accordance with Afep-Medef Code. (2) Jean Lemierre, Jean-Laurent Bonnafé and Philippe Bordenave are only entitled to the defined-contribution pension plan set up for all BNP Paribas (SA).

employees and corporate officers, in accordance with article 83 of the French General Tax Code. (3) Waiver of employment contract with effect from 1 July 2012. (4) See section regarding Non-Compete Agreement. (5) Employment contract suspended.