EUROPEAN EXCHANGE REPORT

EUROPEAN EXCHANGE REPORT Published in July 218 Federation of European Securities Exchanges (FESE) Economics and Statistics Committee (ESC)

FESE EUROPEAN EXCHANGE REPORT 217 Page 2 of 27 FOREWORD BY FESE PRESIDENT The European Exchange Report is the only direct source of integrated information on Europe s exchange industry. The Report, compiled by the Federation of European Securities Exchanges (FESE), includes a onepage statement on each member exchange operating regulated market(s) in Europe and outlines: 1. Company information Contacts information, company details, services, employees, etc. 2. Trading figures Comparable securities trading statistics across Europe in line with the FESE Statistics methodology as published on the FESE website. 3. Financial figures Detailed information on revenues, costs and net income including analysis of services offered allowing for easy and transparent comparison of key financial data. In line with previous years, this information was compiled on the basis of information gathered by the FESE s Economics and Statistics Committee in cooperation with the finance and data teams of every member. The FESE Secretariat would like to thank all those that contributed to this study and especially the members of the FESE s Economics and Statistics Committee. We hope that you will find this information useful. Deirdre Somers President of the Federation of European Securities Exchanges

FESE EUROPEAN EXCHANGE REPORT 217 Page 3 of 27 TABLE OF CONTENTS FULL MEMBERS... 4 ATHENS EXCHANGE... 5 BOLSAS Y MERCADOS ESPAÑOLES (BME)... 6 BÖERSE STUTTGART... 7 BUCHAREST STOCK EXCHANGE... 8 BUDAPEST STOCK EXCHANGE... 9 CEESEG PRAGUE STOCK EXCHANGE... 1 CEESEG VIENNA STOCK EXCHANGE... 11 CYPRUS STOCK EXCHANGE... 12 DEUTSCHE BÖRSE GROUP... 13 EURONEXT... 14 ICE FUTURES EUROPE... 15 THE IRISH STOCK EXCHANGE... 16 LONDON METAL EXCHANGE... 17 LUXEMBOURG STOCK EXCHANGE... 18 MALTA STOCK EXCHANGE... 19 NASDAQ Group Inc.... 2 OSLO BØRS... 21 SIX GROUP... 22 SIX SWISS EXCHANGE... 22 WARSAW STOCK EXCHANGE (GPW)... 23 AFFILIATE MEMBERS... 24 TEL AVIV STOCK EXCHANGE (TASE)... 25 on Methodology... 26 Contact... 27

FESE EUROPEAN EXCHANGE REPORT 217 Page 4 of 27 FULL MEMBERS

FESE EUROPEAN EXCHANGE REPORT 217 Page 5 of 27 ATHENS EXCHANGE Name Athens Exchange Type of Company Jointstock company Address 11 Athens Ave, Athens 14 42 Listed On Athens Exchange (Hellenic Exchanges S.A) Phone +3 21 3366 8 Sectors Cash EU regulated markets Fax +3 21 3366 67 Cash EU not regulated (exchange regulated) markets Email Information_Services@athexgroup.gr markets Website www.athexgroup.gr Retail bond markets Clearing houses / CCP services providers Year established 1876 Central Securities Depositories / Settlement companies Year of current legal status 2 IT infrastructure and software providers / XNET network Country of Incorporation Greece Platform for access to internat. securities trading Greece Number of employees 221 (end of year) Sec. UCITS Turnover (EUR m) 12.698 1.567 27 1 1 87 263 Trades 4.329.4 1.715 286 5.573 2 497 1 44.942 73 Trading figures 217 42.24 941 2 2 1 3 Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 146 23 Notional Turnover (EUR m) 4.499 3.855 Trades 6.844 97 Contracts Traded 19.447.212 39 Financial figures 217 Main financial results 217 EUR ' Revenues 27.412 Costs 22.489 EBITDA 7.983 EBIT 4.923 Net Income 3.76 1 8 6 4 2 81 213 217 61 47 35 27 27 22 23 26 22 22 22 15 8 8 213 214 215 216 217 Revenue Breakdown 217 Cost Breakdown 217 1% 24% 11% 14% Listing (admission + ongoing) Trading Clearing / CCP Settlement 14% 9% 42% ICT 12%,6% 5% 3% 2% Custody & Banking ICT services Other (advert., educat., properties) 29% 6% Other costs Footnotes Financial figures are under IAS financial accounting protocol Net income is calculated before income tax and minority interest. On Revenue breakdown: other revenues include Auxiliary Fund management revenues, OTC revenues, Xnet/DAC project subsidy revenues and Tax rebates. On Cost breakdown: other cost include capital market commission fee.

FESE EUROPEAN EXCHANGE REPORT 217 Page 6 of 27 BOLSAS Y MERCADOS ESPAÑOLES (BME) Name Bolsas y Mercados Españoles Type of Company Jointstock company Address Plaza de la Lealtad 1, 2814 Madrid Listed On BME Spanish Exchanges Phone +34 91 79 5 Sectors Cash EU regulated market Fax +34 91 79 57 9 Cash EU not regulated (exchange regulated) markets Email InvestorRelations@grupobme.es markets Website www.bolsasymercados.es Wholesale bond markets Clearing houses / CCP services providers Year established 1831 Central Securities Depositories / Settlement Year of current legal status 26 IT infrastructure and software providers Country of Incorporation Spain Market data distribution / Consulting Services Spain Number of employees 775 (average) Sec. Turnover (EUR m) 619.121 28.169 463 4.464 Trades 5.726.88 123.456 Trading figures 217 741.913 3.136 2.879 8 4.161 2.966 Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 131.281 5.92.219 Notional Turnover (EUR m) 724.66 Trades 13.731 528.982 Contracts Traded 44.576.977 2.39 Financial figures 217 Main financial results 217 EUR ' 213 217 Revenues 325.4 Costs 115.216 EBITDA 29.788 EBIT 21.79 Net Income 153.319 4 35 3 25 2 15 1 5 38 29 342 348 327 325 239 245 216 21 99 14 13 111 115 213 214 215 216 217 7% 2% Revenue Breakdown 217 8% Listing (admission + ongoing) Cost Breakdown 217 7% 12% Fixed Income 15% 37% Trading & Clearing Clearing / CCP Settlement Custody & Banking 35% 58% 5% ICT services 8% 3% 3% Footnotes Other (advert., educat., properties) Financial figures are under International Accounting Standards On Revenue breakdown, other revenues include corporate unit revenues, capitalization of development costs & consolidation adjustments between segments

FESE EUROPEAN EXCHANGE REPORT 217 Page 7 of 27 BÖERSE STUTTGART Name Boerse Stuttgart GmbH Type of Company Corporation (Association) Address Börsenstraße 4, 7174 Stuttgart Listed Phone +49 ()711 222 985 Sectors Cash EU regulated markets Fax +49 ()711 222 985 555 Cash EU not regulated (exchange regulated) markets Email info@boersestuttgart.de Securitized derivatives markets Website www.boersestuttgart.de Retail bond markets Year established 1861 Year of current legal status 215 Country of Incorporation Germany Number of employees 29 (end of year) Germany, Sweden Trading figures 217 Sec. Turnover (EUR m) 18.31 37.626 11.923 1.356 Trades 1.668.538 4.33.61 33.158 74.63 1.58.49 1.533 1.81 Book Trades EOB Options and Futures Options & Futur Commodities Turnover (EUR m) 15.849 Notional Turnover (EUR m) Trades 284.17 Contracts Traded 15.75 Financial figures 217 Main financial results 217 EUR ' Revenues 116.153 Costs 111.97 EBITDA 11.524 EBIT 3.674 Net Income 688 16 14 12 1 8 6 4 2 213 217 145 125 134 126 116 12 19 122 116 111 8 8 17 11 12 213 214 215 216 217 Revenues Costs (ex tax) EBITDA Revenue Breakdown 217 Cost Breakdown 217 3% 1% 2% 6% 3% 1% Listing (admission + ongoing) 24% 3% ICT exchange Clearing / CCP Custody & Banking (financial revs.) 7% 84% ICT services Other (advert., educat., properties) 26% 13% Other costs (incl. interests and other fin. expenses) Footnote Financial figures refer to the consolidated annual statement of Boerse Stuttgart GmbH Financial figures are under German HGB financial acconting standards

FESE EUROPEAN EXCHANGE REPORT 217 Page 8 of 27 BUCHAREST STOCK EXCHANGE Name Bucharest Stock Exchange Type of Company Jointstock company Address Bd.Carol I, 3436, etaj 14,2922, Bucuresti Listed On Bucharest Stock Exchange Phone (+4) (21) 37 95 Sectors Cash EU regulated markets Fax (+4) (21) 37 95 19 Cash EU not regulated (exchange regulated) markets Email foreignaffairs@bvb.ro markets; wholesale and retail bond markets Website www.bvb.ro Clearing houses / CCP services providers Central Securities Depositories / Companies managing Year established 1995 settlement Year of current legal status 25 Corporate Governance Institute Foundation Country of Incorporation Romania Number of employees 11 (end of year) Romania Sec. Turnover (EUR m) 2.6 326 885 58 1 2 Trades 797.687 555 4.519 141.831 2.887 2.828 19.688 87 Trading figures 217 141 1 9 2 Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 62 Notional Turnover (EUR m) Trades 78 Contracts Traded 75 Financial figures 217 Main financial results 217 EUR ' Revenues 9.59 Costs 6.315 EBITDA 3.579 EBIT 3.194 Net Income 3.215 12 1 8 6 4 2 9 7 2 1 Revenues and Costs 213 217 6 6 4 8 8 6 2 2 213 214 215 216 217 1 6 4 Revenue Breakdown 217 Cost Breakdown 217 16% 5% Listing (admission + ongoing) 6% 2% Registry 3% Custody & settlement/clearing** 57% ICT (Materials & Services) 22% 43% ICT services Other (financial&members' fees) 32% 9% 5% Footnote Financial figures are under IFRS, for the parent company s group Figures mentioned do include subsidiaries.

FESE EUROPEAN EXCHANGE REPORT 217 Page 9 of 27 BUDAPEST STOCK EXCHANGE Name Budapest Stock Exchange Type of Company Jointstock company Address H 154 Budapest, Szabadság tér 7. Listed Traded OTC regularly Phone +36 1 429 6857 Sectors Cash EU regulated market Fax +36 1429 6899 markets Email info@bse.hu Wholesale bond markets Website www.bet.hu IT infrastructure and software providers Year established 199 Year of current legal status 22 Country of Incorporation Hungary Number of employees 59 (end of the year) Hungary Trading figures 217 Sec. Turnover (EUR m) 8.688 6 246 13 26 Trades 1.743.56 1 183.635 77 12.132 26.34 41 123 1 816 94 Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 2 Notional Turnover (EUR m) 1.446 9 Trades 139 Contracts Traded 522.51 542 96 Financial figures 217 Main financial results 217 EUR ' Revenues 7.934 Costs 6.331 EBITDA 1.57 EBIT 1.159 Net Income 57 1 8 6 4 2 8 6 213 217 7 7 7 5 5 3 3 3 8 7 6 1 2 213 214 215 216 217 Revenue Breakdown 217 Listing (admission + ongoing) Cost Breakdown 217 2% 1% 16% Trading XETRA and Licence 3% 5% 11% 49% Material ICT 31% ICT services Other costs 36% Other (advert., educat., properties) 32% 1% 4% Footnote Financial figures are under GAAP financial accounting protocol Financial figures refer to the exchange and not to the parent company owning the exchange

FESE EUROPEAN EXCHANGE REPORT 217 Page 1 of 27 CEESEG PRAGUE STOCK EXCHANGE Name Prague Stock Exchange Type of Company Jointstock company Address Rybna 14 11 5 Prague 1 Listed No Phone +42 221 831 111 Sectors Cash EU regulated markets Fax Cash EU not regulated (exchange regulated) markets Email info@pse.cz markets Website www.pse.cz Clearing houses / CCP services providers Central Securities Depositories Year established 1993 Companies managing settlement Year of current legal status 1993 Country of Incorporation Czech Republic Number of employees 75 (end of year) Czech Republic Sec. Turnover (EUR m) 5.27 9 3 Trades 776.574 2.914 64 Trading figures 217 26.91 71 23 61 32 Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 234 Notional Turnover (EUR m) Trades 2.589 Contracts Traded 117 Financial figures 217 Main financial results 217 EUR ' Revenues 18.223 Costs 9.531 EBITDA 9.713 EBIT 8.692 Net Income 7.1 25 2 15 1 5 2 14 213217 18 18 17 12 12 9 8 9 9 9 1 1 213 214 215 216 217 18 Revenues Breakdown 217 Costs Breakdown 217 29% 3% 6% 2% Listing (admission + ongoing) 24% ICT 9% 33% Settlement Custody & Banking Other (advert., educat., properties) 11% 1% 14% 5% Other costs Other (advert., educat., properties ) includes services for issuers by the Central Securities Depository Prague (part of PSE).

FESE EUROPEAN EXCHANGE REPORT 217 Page 11 of 27 CEESEG VIENNA STOCK EXCHANGE Name Vienna Stock Exchange Type of Company Jointstock company Address Wallnerstraße 8 Box 192, A11 Vienna Listed Traded OTC regularly Phone +43 1 531 65 Sectors Cash EU regulated market Fax +43 1 532 97 4 Cash EU not regulated (exchange regulated) markets Email info@wienerborse.at Wholesale bond markets Website www.wienerboerse.at Retail bond markets Clearing houses / CCP services providers Year established 1771 Year of current legal status 1997 Country of Incorporation Austria Number of employees 97 (end of year) Austria Trading figures 217 Sec. Turnover (EUR m) 33.377 271 6 Trades 6.766.881 2.146 599 125.744 536 8.115 59 1 Book Trades EOB Options and Futures Options & Futur Commodities Turnover (EUR m) 113 Notional Turnover (EUR m) Trades 5.616 Contracts Traded 3.548 Financial figures 217 Main financial results 217 EUR ' Revenues 48.913 Costs 23.373 EBITDA 26.546 EBIT 25.54 Net Income 21.595 6 5 4 3 2 1 213 217 56 47 49 49 45 33 3 29 29 24 27 23 17 19 21 213 214 215 216 217 Revenue Breakdown 217 Cost Breakdown 217 1% 3% 9% 4% % Listing (admission + ongoing) 19% 43% ICT Clearing / CCP* 3% 48% Other (advert., educat., properties) Other costs % 34% Footnote Financial figures are under local GAAP financial acconting standards * provided by CCP.A; only revenues from services rendered to clearing house included

FESE EUROPEAN EXCHANGE REPORT 217 Page 12 of 27 CYPRUS STOCK EXCHANGE Name Cyprus Stock Exchange Type of Company Public sector (State) entity Address 7173 Lordou Vironos Avenue, 196, Not for profit Nicosia 139 Listed No Phone +357 22 7123 Sectors Cash EU regulated markets Fax +357 22 5738 Cash EU not regulated (exch. regulated) markets Email info@cse.com.cy Retail bond markets Website www.cse.com.cy Central Securities Depositories / Companies managing settlement Year established 1993 IT infrastructure and software providers Year of current legal status 1996 Country of Incorporation Cyprus Number of employees 69 (end of year) Cyprus Sec. Turnover (EUR m) 58 18 83 2 2 Trades 26.533 45 492 1.865 4 2.356 74 Trading figures 217 115 Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 4 3 Notional Turnover (EUR m) Trades 216 3 Contracts Traded 26 Financial figures 217 Main financial results 217 EUR ' Revenues 4.891 Costs 4.871 EBITDA 33 EBIT 258 Net Income 2 8 6 4 2 2 4 4 6 2,6 213 217 5 5 5 5 5 5 5 4 213 214 215,,8,6 216 217,7 Revenue Breakdown 217 Cost Breakdown 217 3% 5% 18% 5% Listing (admission + ongoing+central depository) &clearing and settlement 29,6% 4,6%,3% ICT & Other Operating ICT services 24% Other (advert., educat., properties,penalties,intere st) 65,5% Other costs Footnotes Financial figures are under IFRS financial accounting protocol Financial figures refer to the exchange and not to the parent company owning the exchange ICT costs include also operating costs Revenue figures include interest income

FESE EUROPEAN EXCHANGE REPORT 217 Page 13 of 27 DEUTSCHE BÖRSE GROUP Name Deutsche Börse AG Type of Company Jointstock company Address Mergenthalerallee 61, 6576 Eschborn Germany Listed On Deutsche Börse Phone +49 () 69 2 11 Sectors Cash EU regulated market Fax +49 () 69 2 11 Cash EU not regulated (exchange regulated) markets Email info@deutscheboerse.com markets Website www.deutscheboerse.com Retail bond market; Wholesale bond markets Clearing houses / CCP services providers Year established 1585 Central Securities Depositories / Settlement companies Year of current legal status 1992 IT infrastructure and software providers Country of Incorporation Germany Info. Services, ICSD, Repo Market, Services for Markets managed Austria, Bulgaria, Finland, Germany, investment fund industry (directly or indirectly) Ireland, Switzerland & USA Number of employees 5,64 (end of the year) Sec. Turnover (EUR m) 1.3.957 18.338 59.95 16.317 17.41 139.27 2.29 1.27 1.227 Trades 14.39.296 281.77 459.126 2.511.39 1.893.539 4.87.3 63.216 113.262 33.943 Trading figures 217 1.888.277 499 1.875.589 1.24 2.916 Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 2.62 2.52 Notional Turnover (EUR m) 33.334.984 38.355.21 49.136 Trades 158.793 16.131 Contracts Traded 1.66.24.776 262.749.68 1.417.84 29.749 Financial figures 217 Main financial results 217 EUR ' Revenues 2.122.2 Costs 1.196.8 EBITDA 1.431.1 EBIT 1.273.8 Net Income 857.1 3 25 2 15 1 5 1.912 2.43 9681.67 1.691.11 213 217 2.367 2.389 2.122 1.2491.265 1.174 1.3 1.431 1.197 213 214 215 216 217 Revenue Breakdown 217 17% 1% 5% Listing (admission + ongoing) Trading Cost Breakdown 217 22% 13% 3% Clearing / CCP Settlement Custody & Banking 1% 4% 26% 6% 2% Info products & services Other (advert., educat., properties) 28% Volume related costs Footnote Financial figures are under IFRS financial accounting protocol

FESE EUROPEAN EXCHANGE REPORT 217 Page 14 of 27 EURONEXT Name Euronext N.V. Jointstock company Address Listed On Euronext (European Corp. Headquarter) 14, place des Reflets 9254 Paris La Défense Cedex Sectors Cash EU regulated markets Phone +33 ()1 7 48 24 Cash EU not regulated (exchange regulated) markets Fax markets Email info@euronext.com Central Securities Depositories / Companies managing Website www.euronext.com settlement IT infrastructure and software providers Year of Incorporation 214 Spot FX trading market United States Country of Incorporation The Netherlands Number of employees 671 (end of year) Belgium, France, Netherlands, Portugal, United Kingdom, United States Sec. Book Trades EOB Trades EOB Book EOB Book EOB Turnover (EUR m) 1.77.53 49.532 8.78 1.165 1 63.478 57.82 12.455 Trades 234.549.344 166.268 49.322 2.764.883 15 2.34.489 9.774 172.434 3 Listed Domestic companies 3.666.833 1.255 Trading figures 217 63.232 84 596 Book EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 6.732 73 Notional Turnover (EUR m) 3.558.535 13.74 Trades 374.397 3 Contracts Traded 127.93.195 13.165.333 5.659 Financial figures 217 Main financial results 217 EUR ' Revenues 532.294 Costs 249.298 EBITDA 282.995 EBIT 266.63 Net Income 241.297 6 5 4 3 2 1 482 492 34 312 213 217 178 181 519 496 532 263 255 274 283 223 249 213 214 215 216 217 Revenue Breakdown 217 Cost Breakdown 217 4% 2% 6% % 16% Listing (admission + ongoing) Trading Clearing / CCP Settlement and Custody 15% 12% ICT 1% 36% Spot FX Trading ICT services 1% 7% Other (Activity assessment, regulatory and others) 73% Footnotes Euronext financial results are limited to 213 and 214 due to the separation between Euronext and the ICE group. Main financial results are based on IFRS converted at correspondent exchange rates.

FESE EUROPEAN EXCHANGE REPORT 217 Page 15 of 27 ICE FUTURES EUROPE Name ICE Futures Europe Type of Company Listed Listed on a regulated market managed by other entities Address Milton Gate, 6 Chiswell Street, London EC1Y4SA (Intercontinental Exchange Inc on NYSE) Phone +44 ()2 765 77 Sectors Futures & Options Energy Fax +44 ()2 7638 4964 Interest rates Email info@theice.com Ags and softs Website www.theice.com Emmissions derivatives Year established 198 Year of current legal status 25 Country of Incorporation England & Wales Number of employees 178 (end of the year) United Kingdom Sec. Turnover (EUR m) Trades Trading figures 217 Book Trades EOB Options & Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) 6.322.343 371.669.78 19.935.496 Trades Contracts Traded 15.188.252 524.768.352 483.539.428 Financial figures 217 Main financial results 217 EUR ' Revenues 264.458 Costs 134.696 EBITDA 132.943 EBIT 129.762 Net Income 16.688 Revenue Breakdown 217 7% 32 28 24 2 16 12 8 4 213 217 279 264 28 16 135 93 117 122 121 133 9 46 48 6 59 213 214 215 216 217 Cost Breakdown 217 2% Trading 27% 53% Info products & services 4% Other (advert., educat., properties) 71% Footnotes Financial figures are under UK GAAP financial accounting protocol Main financial results are based on UK Filed statutory accounts (functional currency changed from GBP to USD on 3 June 26) converted at correspondent exchange rates. On Revenue Breakdown: *Fees levied on clearing members for transacting on the exchange have been included in derivatives trading

FESE EUROPEAN EXCHANGE REPORT 217 Page 16 of 27 THE IRISH STOCK EXCHANGE Name The Irish Stock Exchange PLC Type of Company Mutual company (cooperative principle) Address 28 Anglesea Street Dublin 2 Listed No Phone +353 (1) 617 42 Sectors Cash EU regulated market Fax +353 (1) 677 645 Cash EU not regulated (exchange regulated) markets Email info@ise.ie Listing of, Debt and Investment Funds Website www.ise.ie Year established 1793 Year of current legal status 214 Country of Incorporation Ireland Number of employees 133 (end of year) Ireland, Malta Sec. Turnover (EUR m) 24.144 25.21 3 4 Trades 3.28.95 7.63 292 58 122.329 52 Trading figures 217 244 5.66 Book Trades EOB Options and Futures Options & FutureCommodities Turnover (EUR m) 85.791 Notional Turnover (EUR m) Trades 47.49 Contracts Traded 31.384 Financial figures 217 Main financial results 217 EUR ' Revenues 32.325 Costs 36.695 EBITDA 4.22 EBIT 4.37 Net Income 4.25 4 35 3 25 2 15 1 5 5 1 213 217 28 29 23 25 19 17 2 2 8 7 8 1 37 32 213 214 215 216 217 4 Revenue Breakdown 217 Cost Breakdown 217 11% 9% Listing (admission + ongoing) 14% 1% ICT 4) 9% 11% Other (advert., educat., properties) 74% 71% Footnotes Financial figures are under IFRS financial accounting protocol

EUR Millions FESE EUROPEAN EXCHANGE REPORT 217 Page 17 of 27 LONDON METAL EXCHANGE Name The London Metal Exchange Type of Company Jointstock for profit company Address 1 Finsbury Square, London EC2A 1AJ, UK Phone +44 ()2 7113 8888 Listed Parent Company Listed on Hong Kong Stock Exchange Fax Sectors markets Email Website www.lme.com Year established 1877 Year of current legal status 1987 Country of Incorporation England Number of employees 24 (end of year) United Kingdom Sec. Turnover (EUR m) Trades Trading figures 217 Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) 1.691.742 Trades Contracts Traded 157.369.44 Financial figures 217 Main financial results 217 EUR ' Revenues 168.485 Costs 57.217 EBITDA 111.267 EBIT 96.831 Net Income 78.42 24 2 16 12 8 4 213 217 223 183 143 136 168 141 113 111 93 79 64 82 7 43 57 213 214 215 216 217 Revenue Breakdown 217 Cost Breakdown 217 11% Trading 15% 13% ICT services 48% ICT Other (advert., educat., properties) 2% Other costs 76% 17% Footnotes Financial figures under IFRS financial accounting protocol

FESE EUROPEAN EXCHANGE REPORT 217 Page 18 of 27 LUXEMBOURG STOCK EXCHANGE Name Luxembourg Stock Exchange Type of Company Jointstock company Address 35A, Boulevard Joseph II, L184 Luxembourg Listed No Phone +352 47 79 36 1 Sectors Cash EU regulated market Fax +352 47 32 98 Cash EU not regulated (exchange regulated) markets Email info@bourse.lu Wholesale bond markets Website www.bourse.lu Retail bond markets IT infrastructure and software providers Year established 1927 Year of current legal status 1928 Country of Incorporation Luxembourg Number of employees 154 (end of year) Luxembourg Trading figures 217 Sec. Turnover (EUR m) 78 1 Trades 1.129 1 75 (shares) / listings 57.293 168 14 5.157 Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 119 Notional Turnover (EUR m) Trades 5.734 Contracts Traded 3.344 Financial figures 217 Main financial results 217 EUR ' Revenues 47.524 Costs 31.99 EBITDA 16.425 EBIT 13.125 Net Income 12.257 5 4 3 2 1 213 217 41 43 45 45 48 26 29 29 31 31 14 14 16 14 16 213 214 215 216 217 Revenue Breakdown 217 Cost Breakdown 217 1% Listing (admission + ongoing) 1% 43% 48% ICT 56% Other (advert., educat., properties) 29%.2% 13% Footnote Financial figures are under LUXGAAP financial accounting protocol

FESE EUROPEAN EXCHANGE REPORT 217 Page 19 of 27 MALTA STOCK EXCHANGE Name Malta Stock Exchange PLC Type of Company Public sector (State) entity MSE Plc is now a company Address Garrison Chapel Castille Place Valetta VLT 163 Listed No Phone +356 2124451 Sectors Cash EU regulated market Fax +356 25696316 Cash EU not regulated (exchange regulated) markets Email borza@borzamalta.com.mt Wholesale bond markets Website www.borzamalta.com.mt Retail bond market Central Securities Depositories / Settlement companies Year established 199 Year of current legal status 27 Country of Incorporation Malta Number of employees 55 (end of year) Malta Sec. Turnover (EUR m) 88 Trades 1.249 4.316 23 Trading figures 217 Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 48 Notional Turnover (EUR m) Trades 2.578 Contracts Traded 123 Financial figures 217 Main financial results 217 EUR ' Revenues 7.135 Costs 3.511 EBITDA 3.815 EBIT 3.624 Net Income 2.344 Revenue Breakdown 217 3% 1 9 8 7 6 5 4 3 2 1 5 3 2 213 217 6 6 4 4 4 3 3 7 7 4 4 4 213 214 215 216 217 Cost Breakdown 217 5% 29% Listing (admission + ongoing) 51% 5% 63% Membership Clearing / Settlement / CSD Other (advert., educat., properties) 44% Footnote Financial figures refer to the exchange and not to the parent company owning the exchange Financial figures are under IFRS financial accounting standards

FESE EUROPEAN EXCHANGE REPORT 217 Page 2 of 27 NASDAQ GROUP INC. Name NASDAQ Nordic Ltd Type of Company Jointstock company Consolidated figures Listed Listed on a regulated market managed by itself (The Address NASDASQ Group, Inc., the ultimate parent) (European Corp. Headquarter) Fabianinkatu 14 Sectors Cash EU regulated market Phone +358 9 616671 Cash EU not regulated (exchange regulated) markets Fax +358 9 298 234 markets Email communications@nasdaq.com Wholesale bond markets Website http://www.nasdaqomxnordic.com Clearing houses / CCP services providers Year established 1997 Central Securities Depositories Year of current legal status 1997 Companies managing settlement IT infrastructure and software providers Country of Incorporation Finland Number of employees 411 (average in Europe) Europe in Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden Sec. Turnover (EUR m) 74.425 67.169 17.929 2.698 18 5.793 1.421 6.842 39.47 Trades 135.534.68 1.143.54 885.652 1.127.968 195 31.862 1.137 443.91 1.212.464 1.28.1 984 Trading figures 217 6.21 37 66.456 447 Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 7.531 1.49.553 Notional Turnover (EUR m) 728.894 2.494.688 Trades 99.543 Contracts Traded 71.382.663 23.333.111 7.558 Financial figures 217 Main financial results 217 EUR ' Revenues 332. Costs 129. EBITDA 23. EBIT 173. Net Income 131. 1452635,8 1345664 35 3 25 2 15 1 5 213 217 293 33 315 24 23 158 163 192 136 14 123 128 129 213 214 215 216 217 332 332 Revenues Costs excl depriciation and amortization EBITDA Revenue Breakdown 217 Cost Breakdown 217 5 % 2 % 18 % Listing (admission + ongoing) 28 % 3 % incl derivatives trading ICT 56 % Other (advert., educat., properties) 19 % 23 % Other costs Footnotes Financial figures are under Finnish accounting protocol (quite in line with IFRS) *Costs do not include depreciation and Figures are NASDAQ Ltd consolidated figures

FESE EUROPEAN EXCHANGE REPORT 217 Page 21 of 27 OSLO BØRS Name Oslo Børs VPS Holding ASA Type of Company Jointstock company Address PO.Box. 46, Sentrum N15 Oslo Listed Traded OTC regularly Phone +47 22 34 17 Sectors Cash EU regulated market Fax +47 22 34 19 25 markets Email communications@oslobors.no Wholesale bond markets Website www.osloborsvps.no Central Securities Depositories / Companies managing settlement Year established 1819 IT infrastructure and software providers Year of current legal status 21 Country of Incorporation Norway Number of employees 225 (end of year) Norway Trading figures year 217 Sec. Turnover (EUR m) 13.312 12.771 31 9 2.213 Trades 24.573.232 52.3 4.81 7.18 127.964 239.649 255 3 4 Book Trades EOB Options and Futures Options & Futur Commodities Turnover (EUR m) 15.578 91.959 Notional Turnover (EUR m) 4.243 Trades 1.182 51.438 Contracts Traded 11.41.667 2.64 Financial figures year 217 Main financial results 217 EUR ' Revenues 16.688 Costs 58.749 EBITDA 51.633 EBIT 47.939 Net Income 38.256 14 12 1 8 6 4 2 213217 126 17 1 17 91 97 68 58 53 58 59 59 49 46 52 213 214 215 216 217 Revenue Breakdown year 217 Cost Breakdown year 217 15% 3% 21% Listing (admission + ongoing) 6% 1% Trading Settlement 56% 2.5% 38% 48% Other (advert., educat., properties) Footnote Financial figures refer to Oslo Børs VPS Holding Financial figures are under IFRS financial accounts standards The value for settlement in revenue breakdown refers to VPS (a CSD) as a whole not only the settlement revenues in VPS

FESE EUROPEAN EXCHANGE REPORT 217 Page 22 of 27 SIX GROUP SIX SWISS EXCHANGE Name SIX Group Type of Company Jointstock company SIX Swiss Exchange Listed No Address Hardturmstrasse 21, 85 Zurich Sectors Cash CH regulated market / Cash EU regulated markets / Cash non EU regulated markets Email statistics@sixgroup.com markets (securitised derivatives only) Websites www.sixswissexchange.com Retail bond markets Year established 1993 CCP, Central Securities Depository and Custodian Services Year of current legal status 28 IT infrastructure and software providers (for SIX Swiss Exchange) Country of Incorporation Switzerland Data vending, credit card solutions, electronic payment processing CH, UK, IE, DE, F, NL and SE Number of employees 171 (end of the year and SIX Swiss Exchange only) Sec. Turnover (EUR m) 835.179 7.576 88.7 11.217 3.179 5.856 54.8 6.26 723 Trades 48.273.2 2.139 49.68 61.416 21.75 99.789 28.475 31.443 1.253 (Swiss Exch.) (shares) / listings 1.48.18 263 Trading figures 217 31.394 1.17 37 Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 16.132 123.824 Notional Turnover (EUR m) Trades 281.2 93.648 Contracts Traded 1.668 Financial figures 217 Main financial results 217 EUR ' Revenues 178.361 Costs 118.378 EBITDA 6.37 EBIT 59.57 Net Income n/a 3 2 1 161 166 14 82 213 217 194 98 125 88 81 173 178 118 19 64 6 Revenue Breakdown 217 213 214 215 216 217 Revenues Costs (excl. Depreciation) EBITDA Cost Breakdown 217 5% 1% 22% Listing (admission + ongoing) 28% Other (advert., educat., properties) 71% 1% Other costs 63%

EUR million FESE EUROPEAN EXCHANGE REPORT 217 Page 23 of 27 WARSAW STOCK EXCHANGE (GPW) Name Warsaw Stock Exchange (GPW) Type of Company Jointstock company Address Ksiazeca 4, 498 Warsaw Listed Listed on regulated market managed by itself Phone +48 22 628 32 32 Sectors Cash EU regulated market Fax +48 22 628 17 54 Cash EU not regulated (exchange regulated) markets Email gpw@gpw.pl markets Wholesale bond markets Website www.gpw.pl Retail bond markets Clearing houses / CCP services providers Year established 1991 Commodity exchange / Commodity clearing house Year of current legal status 1991 Country of Incorporation Poland Number of employees 328 (end of the year) Poland Sec. Turnover (EUR m) 55.819 7.483 223 47 18 2 Trades 2.888.236 2.384 99.774 14.514 8.659 4 Trading figures 217 168.231 635 89 943 3 36 Book Trades EOB Options and Futures Options & Futur Commodities Turnover (EUR m) 562 92 Notional Turnover (EUR m) 54.539 19 Trades 81.28 15 Contracts Traded 6.538.526 7.399 69 Financial figures 217 Main financial results 217 EUR ' Revenues 83.572 Costs 4.378 EBITDA 49.847 EBIT 43.194 Net Income 36.662 1 8 6 4 2 68 213 217 76 79 4 44 42 35 39 43 42 35 72 84 5 4 213 214 215 216 217 Revenue Breakdown 217 Cost Breakdown 217 7% Listing (admission + ongoing) 16% 41% 37% Trading 37% 12% 3% Other (advert., educat., properties) 47% Footnotes Operating revenues and costs (excluding financial revenues and costs) Figures are under International Financial Reporting Standards (IFRS) protocol Other Revenues include mainly revenues of TGE (the company operating the commodity exchange) from Certificate of Origin Register and trading of property rights in Certificates of Origin

FESE EUROPEAN EXCHANGE REPORT 217 Page 24 of 27 AFFILIATE MEMBERS

FESE EUROPEAN EXCHANGE REPORT 217 Page 25 of 27 TEL AVIV STOCK EXCHANGE (TASE) Name TelAviv Stock Exchange Type of Company Profit company Address 2 Ahuzat Bayit St. Tel Aviv, 6525216 Listed On a regulated market managed by itself Phone 9727681649 TASE has completed the demutualisation process Fax Sectors Cash Markets, markets Email info@tase.co.il Wholesale bond markets Website www.tase.co.il Retail bond markets Central Securities Depositories / Companies Year established 1953 managing settlement Year of current legal status 1953 Clearing houses / CCP services providers Country of Incorporation Israel Nominee company Israel Number of employees 249 (end of year) Sec. Turnover (EUR m) 59.16 7.664 25.211 1.68 Trades 15.566.299 92.827 1.577.45 3.247 192.874 457 Trading figures year 217 27.457 23 companies, 695 series Book Trades EOB Options and Futures Options & Futur Commodities Turnover (EUR m) 18.931 3.884 Notional Turnover (EUR m) 1.141.173 Trades 1.28.199 21.459 Contracts Traded 33.43.135 Securities 695 Financial figures year 217 Main financial results 217 EUR ' Revenues 59.67 Costs 62.43 EBITDA 4.6 EBIT 2.76 Net Income 3.52 7 6 5 4 3 2 1 66 5 51 5 9 8 213217 61 57 6 62 55 55 13 1 213 214 215 216 217 5 Revenue Breakdown year 217 1% 16% 17% Listing (admission + ongoing) Cost Breakdown year 217 12% 3% Trading 17% ICT 12% 2% Clearing / CCP Custody & Banking 1% 61% 48% Other (advert., educat., properties) Footnote Financial figures are under IFRS financial accounts standards

FESE EUROPEAN EXCHANGE REPORT 217 Page 26 of 27 NOTES ON METHODOLOGY Trading figures: Trading statistics follow the FESE Statistics Methodology: http://www.fese.eu/statisticsmarketresearch/fesestatisticsmethodology. Electronic Order Book Trades contain all transfers of ownership by way of trades automatically executed through the Exchanges' electronic order book. Off Electronic Order Book Trades include all other transfers of ownership by way of trades executed away from the electronic order book and involving at least one member / intermediary of an Exchange. Reporting Trades include trades reported through a Trade Reporting Facility (TRF) when only one counterparty provides information on the trade and offers dissemination services at the request of the reporting trader. Turnover methodology was reviewed in 215 (FESE Statistics Methodology: http://www.fese.eu/statisticsmarketresearch/fesestatisticsmethodology). Market Capitalisation (Market Cap.) is the total number of issued shares of the company (including their several classes) multiplied by the respective share price at a given time. The total is the sum of the total market capitalisation of each domestic company admitted to listing included in the Exchange. The market capitalisation figures include: shares of domestic companies shares of foreign companies which are exclusively listed on an exchange, i.e. the foreign company is not listed on any other exchange common and preferred shares shares without voting rights when available investment /participation certificates when available The market capitalisation figures exclude: collective investment funds rights, warrants, convertible instruments options, futures foreign listed shares other than exclusively listed ones companies whose only business goal is to hold shares of other listed companies Turnover or share trading value is the total number of shares traded multiplied by their respective prices. Notional Turnover is an approximate measure of the value of the number of contracts traded expressed with reference to the underlying asset, enabling comparison between cash and derivatives trading and among different derivatives products. It is computed as the number of contracts traded multiplied by the assets underlying amount and value. All trading figures (value and number of transactions) are single counted in order to ensure data comparability. General information and financial figures according to: EBIT Earnings before Interest and Taxes. EBITDA Earnings before Interest, Taxes, Amortisation. ICT Information and Communication Technologies Information sources Trading figures for year 217 are taken from the FESE Statistics Database: http://www.fese.eu/statisticsmarketresearch/historicaldata. General information and financial figures for year 217 are provided by FESE members.

FESE EUROPEAN EXCHANGE REPORT 217 Page 27 of 27 CONTACT FESE Secretariat Sara Baldi Senior Policy Adviser Tel: +32 2 551 1 86 Email: baldi@fese.eu