2021 INTEGRATED REPORT

Building a collective dynamic

Nurturing the relationship with our shareholders and investors

A SHAREHOLDER BASE THAT STANDS OUT FOR ITS STABILITY AND LOYALTY

Shareholding structure at 31 December 2021 (in % of voting rights).

EUROPEAN INSTITUTIONAL INVESTORS : 41.5%, NON-EUROPEAN INSTITUTIONAL INVESTORS : 32.4%, SFPI(Société Fédérale de Participations et d’Investissements: a public limited company (société anonyme) acting on behalf of the Belgian State.) 7.8%, BLACKROCK INC. : 6.1%, EMPLOYEES : 4.2%, RETAIL SHAREHOLDERS : 4.0%, OTHER AND UNIDENTIFIED : 3.0%, GRAND DUCHY OF LUXEMBOURG : 1.0%

SHAREHOLDER DASHBOARD

In euros	2017	2018	2019	2020	2021
Earning per share⁽¹⁾	Earning per share ⁽¹⁾2017 6.05	Earning per share ⁽¹⁾2018 5.73	Earning per share ⁽¹⁾2019 6.21	Earning per share ⁽¹⁾2020 5.31	Earning per share ⁽¹⁾20217.26
Net book value per share⁽²⁾	Net book value per share ⁽²⁾2017 75.1	Net book value per share ⁽²⁾201874.7^(*)	Net book value per share ⁽²⁾2019 79.0	Net book value per share ⁽²⁾2020 82.3	Net book value per share ⁽²⁾202188.0
Net dividend per share	Net dividend per share 2017 3.02	Net dividend per share 2018 3.02	Net dividend per share 20190.0⁽³⁾	Net dividend per share 20202.66⁽⁴⁾	Net dividend per share 20213.67⁽⁶⁾
Pay‑out ratio cash⁽⁷⁾	Pay‑out ratio cash ⁽⁷⁾2017 50.0	Pay‑out ratio cash ⁽⁷⁾2018 52.72	Pay‑out ratio cash ⁽⁷⁾20190.0⁽³⁾	Pay‑out ratio cash ⁽⁷⁾202050.00⁽⁵⁾	Pay‑out ratio cash ⁽⁷⁾202150.00⁽⁶⁾
Share price	Share price2017	Share price2018	Share price2019	Share price2020	Share price2021
Highest⁽⁸⁾	Highest ⁽⁸⁾2017 68.89	Highest ⁽⁸⁾2018 68.66	Highest ⁽⁸⁾2019 53.81	Highest ⁽⁸⁾2020 54.22	Highest ⁽⁸⁾202162.55
Lowest⁽⁸⁾	Lowest ⁽⁸⁾2017 54.68	Lowest ⁽⁸⁾2018 38.18	Lowest ⁽⁸⁾2019 38.14	Lowest ⁽⁸⁾2020 24.51	Lowest ⁽⁸⁾202139.71
Year‑end	Year‑end 2017 62.25	Year‑end 2018 39.475	Year‑end 2019 52.83	Year‑end 2020 43.105	Year‑end 202160.77
CAC 40 index on 31 December	CAC 40 index on 31 December 20175,312.56	CAC 40 index on 31 December 20184,730.69	CAC 40 index on 31 December 20195,978.06	CAC 40 index on 31 December 20205,551.41	CAC 40 index on 31 December 20217,153

Based on the average number of shares outstanding during the fiscal year.
Before distribution. Revaluated net book value based on the number of shares outstanding at year‑end.
Following ECB/2020/19 recommendation of the European Central Bank of 27 March 2020 on dividend distribution policies during the Covid‑19 pandemic, the distribution of €3.10 per share initially proposed to the Annual General Meeting of 19 May 2020, was appropriated to “Other reserves”.
€1.11 distributed following the approval of the Shareholders’ Combined General Meeting of 18 May 2021, plus €1.55 distributed following approval by the Ordinary General Meeting of 24 September 2021; taking into account only the distribution of the 2020 dividend.
Taking into account only the distribution of the 2020 dividend.
Subject to approval at the Annual General Meeting on 17 May 2022, taking into account only the distribution of the 2021 dividend and not taking into account the share buyback programme of €900m, carried out between 1 November 2021 and 6 December 2021.
Dividend distribution recommended at the Annual General Meeting expressed as a percentage of net income attributable to shareholders.
Recorded during the meeting.

* Impact on shareholders’ equity at 1 January 2018 of the first application of IFRS 9: - €2.5bn, i.e. €2 per share.

How do we communicate with our shareholders?

BNP Paribas takes care to provide all its shareholders with rigorous, regular, consistent and high‑quality information.

The Group acts in accordance with the recommendations of the stock market authorities and best market practices. In this context, an “Investor Relations” team is responsible for informing institutional investors and financial analysts about the Company’s strategy, as well as significant developments and results, which are published each quarter.

What is the role of the Shareholder Liaison Committee

Created in 2000, the Shareholder Liaison Committee supports BNP Paribas in its communications aimed at individual shareholders. It meets several times a year and is made up of ten shareholders based on their geographical and socio‑professional representativeness, plus two current or former employees. Membership in the committee is for three years.

How is the shareholder community animated?

Created in 1995, the BNP Paribas Cercle des actionnaires (Shareholders’ Group) brings together the 46,000 shareholders holding at least 200 shares in the Group. Each semester, shareholders receive the financial information letter and the minutes from the Annual General Meeting.

Shareholders are regularly offered economic updates and online training sessions on stock market transactions (technical and financial analysis, portfolio diversification, etc.).

Since the beginning of the health crisis, the Cercle has enriched its offer of regular newsletters. It also launched Cercle podcasts and interviews with historians, speakers and artists, etc.