2018 REGISTRATION DOCUMENT AND ANNUAL FINANCIAL REPORT

2018 Registration document and annual fi nancial report - BNP PARIBAS88

2 CORPORATE GOVERNANCE AND INTERNAL CONTROL

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

31/12/2017

Valuation at closing date

31/12/2018

Closing price of BNP Paribas shares 62.25 39,475

Closing level of the EURO STOXX Banks index 130.48 87.04

Zero-coupon rate Euribor Euribor

Volatility of the BNP Paribas share price 21.44% 25.25%

Volatility of the EURO STOXX Banks index 20.92% 24.72%

Correlation between the BNP Paribas share and the EURO STOXX Banks index 87.50% 88.93%

Financial model used Monte-Carlo Monte-Carlo

Fair value of the plan awarded on 29 April 2014 55.11(1) 28.46% 46.96% 0.00%(3)

Fair value of the plan awarded on 4 February 2015 51.76(1) 27.60% 59.78% 1.68%(3)

Fair value of the plan awarded on 4 February 2016 54.07(1) 17.43% 46.56% 5.54%(3)

Fair value of the plan awarded on 6 February 2017 48.35(2) 49.67% 49.66% 20.90%(3)

Fair value of the plan awarded on 5 February 2018 63.99(2) 30.67% N/A 14.53%(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 CORPORATE OFFICERS

Executive corporate ofﬁ cers At 31 December 2018

Employment contract Top-up pension plan

Payments or beneﬁ ts 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

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

Jean-Laurent BONNAFÉ Chief Executive Offi cer (3) (2) (4)

Philippe BORDENAVE Chief Operating Offi cer (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 defi ned-contribution pension plan set up for all BNP Paribas SA

employees and corporate offi cers, 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.