2024 integrated report

Our shareholders and investors

A SHAREHOLDER BASE THAT STANDS OUT FOR ITS STABILITY AND LOYALTY

Shareholding structure as at 31 December 2024 (in % of voting rights)

This diagram represents the shareholding structure as at 31 December 2024 (in % of voting rights).

European institutional investors⁽¹⁾: 37.35%
Non-European institutional investors⁽¹⁾: 33.36%
Individual shareholders⁽¹⁾: 7.07%
BlackRock Inc: 6.01%
SFPI⁽²⁾: 5.60%
Amundi: 4.95%
Group FCPE⁽³⁾: 3.57%
Grand Duchy of Luxembourg: 1.14%
Directly held by employees: 0.94%

Based on analyses from the SRD 2 surveys - Institutional investors excluding BlackRock (in 2022, 2023 and 2024) and Amundi (in 2023 and 2024).
“Société Fédérale de Participations et d’Investissement”: a public‑interest limited company (société anonyme) acting on behalf of the Belgian State.
The voting rights of the FCPE (profit‑sharing scheme) are exercised, after the decision is taken by the Supervisory Board, by its Chairman.

SHAREHOLDER DASHBOARD

IN EUROS	2020	2021	2022	2023	2024
Net income attributable to the shareholders per share⁽¹⁾	Net income attributable to the shareholders per share ⁽¹⁾ 2020 Net income attributable to the shareholders per share ⁽¹⁾ 2020 5.31	Net income attributable to the shareholders per share ⁽¹⁾ 2021 Net income attributable to the shareholders per share ⁽¹⁾ 2021 7.26	Net income attributable to the shareholders per share ⁽¹⁾ 2022 Net income attributable to the shareholders per share ⁽¹⁾ 2022 7.80	Net income attributable to the shareholders per share ⁽¹⁾ 2023 Net income attributable to the shareholders per share ⁽¹⁾ 2023 9.21	Net income attributable to the shareholders per share ⁽¹⁾ 2024 Net income attributable to the shareholders per share ⁽¹⁾ 2024 9.57
Net book value per share⁽²⁾	Net book value per share ⁽²⁾ 2020 Net book value per share ⁽²⁾ 2020 82.3	Net book value per share ⁽²⁾ 2021 Net book value per share ⁽²⁾ 2021 88.0	Net book value per share ⁽²⁾ 2022 Net book value per share ⁽²⁾ 2022 89.0	Net book value per share ⁽²⁾ 2023 Net book value per share ⁽²⁾ 2023 96.0	Net book value per share ⁽²⁾ 2024 Net book value per share ⁽²⁾ 2024 102.5
Net dividend per share	Net dividend per share 2020 Net dividend per share 2020 2.66 ⁽³⁾	Net dividend per share 2021 Net dividend per share 2021 3.67 ⁽⁵⁾	Net dividend per share 2022 Net dividend per share 2022 3.90 ⁽⁶⁾	Net dividend per share 2023 Net dividend per share 2023 4.60 ⁽⁷⁾	Net dividend per share 2024 Net dividend per share 2024 4.79 ⁽⁸⁾
Cash payout ratio (%)⁽⁹⁾	Cash payout ratio (%) ⁽⁹⁾ 2020 Cash payout ratio (%) ⁽⁹⁾ 2020 50.00 ⁽⁴⁾	Cash payout ratio (%) ⁽⁹⁾ 2021 Cash payout ratio (%) ⁽⁹⁾ 2021 50.00 ⁽⁵⁾	Cash payout ratio (%) ⁽⁹⁾ 2022 Cash payout ratio (%) ⁽⁹⁾ 2022 50.00 ⁽⁶⁾	Cash payout ratio (%) ⁽⁹⁾ 2023 Cash payout ratio (%) ⁽⁹⁾ 2023 50.00 ⁽⁷⁾	Cash payout ratio (%) ⁽⁹⁾ 2024 Cash payout ratio (%) ⁽⁹⁾ 2024 50.00 ⁽⁸⁾
SHARE PRICE
Highest⁽¹⁰⁾	Highest ⁽¹⁰⁾ 2020 Highest ⁽¹⁰⁾ 2020 54.22	Highest ⁽¹⁰⁾ 2021 Highest ⁽¹⁰⁾ 2021 62.55	Highest ⁽¹⁰⁾ 2022 Highest ⁽¹⁰⁾ 2022 68.07	Highest ⁽¹⁰⁾ 2023 Highest ⁽¹⁰⁾ 2023 67.02	Highest ⁽¹⁰⁾ 2024 Highest ⁽¹⁰⁾ 2024 73.08
Lowest⁽¹⁰⁾	Lowest ⁽¹⁰⁾ 2020 Lowest ⁽¹⁰⁾ 2020 24.51	Lowest ⁽¹⁰⁾ 2021 Lowest ⁽¹⁰⁾ 2021 39.71	Lowest ⁽¹⁰⁾ 2022 Lowest ⁽¹⁰⁾ 2022 40.67	Lowest ⁽¹⁰⁾ 2023 Lowest ⁽¹⁰⁾ 2023 47.02	Lowest ⁽¹⁰⁾ 2024 Lowest ⁽¹⁰⁾ 2024 53.08
Year-end	Year-end 2020 Year-end 2020 43.105	Year-end 2021 Year-end 2021 60.77	Year-end 2022 Year-end 2022 53.25	Year-end 2023 Year-end 2023 62.59	Year-end 2024 Year-end 2024 59.22
CAC 40 index on 31 December	CAC 40 index on 31 December 2020 CAC 40 index on 31 December 2020 5, 551.41	CAC 40 index on 31 December 2021 CAC 40 index on 31 December 2021 7, 153.03	CAC 40 index on 31 December 2022 CAC 40 index on 31 December 2022 6, 473.76	CAC 40 index on 31 December 2023 CAC 40 index on 31 December 2023 7, 543.18	CAC 40 index on 31 December 2024 CAC 40 index on 31 December 2024 7, 380.74

Based on the average number of shares outstanding during the year. Calculated in 2023 on the basis of the distributable 2023 earnings and the number of shares outstanding at year‑end.
Before distribution. Revalued net book value based on the number of shares outstanding at year‑end.
€1.11 distributed following the approval of the Shareholders’ Combined General Meeting of 18 May 2021, plus €1.55 distributed following the approval of the Ordinary Annual 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.
Taking into account only the distribution of the 2021 dividend and not taking into account the €900 million share buyback programme, executed between 1 November 2021 and 6 December 2021.
Taking into account only the distribution of the 2022 dividend and not taking into account the €962 million share buyback programme in respect of the so‑called “ordinary” distribution.
Taking into account only the distribution of the 2023 dividend and not taking into account the €1.05 billion share buyback programme in respect of the so‑called “ordinary” distribution.
Subject to approval by the Annual General Meeting of 13 May 2025 and not taking into account the €1.08 billion share buyback programme planned for 2025.
Cash dividend distribution recommended at the Annual General Meeting expressed as a percentage of distributable net income attributable to shareholders.
Recorded intra‑day during trading session.

INFORMING OUR SHAREHOLDERS AND OUR INVESTORS

BNP Paribas provides all its shareholders with rigorous, regular, consistent and high-quality information, in accordance with the recommendations of the stock market authorities and best market practices. Our Investor Relations team informs institutional investors and financial analysts about the Company’s strategy, significant developments and financial results, published each quarter.

COMMUNICATING WITH OUR INDIVIDUAL SHAREHOLDERS: THE SHAREHOLDER LIAISON COMMITTEE

This Committee is made up of 10 shareholders, chosen for their geographical and socio-professional representativeness, as well as two current or former employees. They are appointed for a term of three years. It meets several times a year.

LEADING THE SHAREHOLDER COMMUNITY: THE “CERCLE DES ACTIONNAIRES”

The “Cercle des actionnaires” (Shareholders’ Club) brings together some 46,500 shareholders owning at least 200 BNP Paribas shares. Its members benefit from a wide range of events throughout France, in line with the Group’s commitments. Nearly 300 events were organised for them in 2024. For the first time and in line with the Group’s Climate strategy, the “Cercle’s” teams provided individual shareholders with the opportunity to participate in exchange and training workshops on the Climate Fresk, which were a great success.