BNP Paribas launches a share buyback programme of EUR 1.055 billion

BNP Paribas launches a share buyback programme of EUR 1.055 billion

Press Release
Paris, 4 March 2024

BNP Paribas announces today the launch of the share buyback programme planned for 2024 for a maximum amount of EUR 1.055 billion.

BNP Paribas has received the approval from the European Central Bank and a contract was concluded with an investment services provider acting independently, entrusted with an irrevocable instruction to purchase the shares.

The purchase period will start on March 4^th, 2024 and will end no later than April 23^rd, 2024. The shares purchased under the programme will be cancelled.

BNP Paribas will provide weekly updates on the progress of the programme via a press release on BNP Paribas’ website, and via full and effective dissemination in accordance with the applicable legal provisions:

https://invest.bnpparibas/en/search/reports/documents/regulated-inform ....

The share buyback programme will be carried out in accordance with the provisions set out in the EU Regulation n°596/2014 of the European Parliament and of the Council of April 16^th, 2014 on market abuse and its implementing provisions, and within the limits of the authorisation granted to BNP Paribas to purchase shares on the market pursuant to the 5^th resolution adopted by the General Meeting of BNP Paribas on May 16^th, 2023.

The description of the share buyback programme is available in appendix and on BNP Paribas’s website: https://invest.bnpparibas/en/search/reports/documents/regulated-inform ....

APPENDIX: DESCRIPTION OF THE SHARE BUYBACK PROGRAMME

The present description complies with the provisions of article 241-2, I of the General Regulation of the French Financial Markets Authority (Autorité des Marchés Financiers).

Date of the general meeting which approved the resolution concerning the share buyback programme
May 16^th, 2023

Objectives pursued by BNP PARIBAS

In accordance with the fifth resolution approved by the combined General Meeting on May 16^th, 2023, the shares may be purchased for the purposes of:

• their cancellation in situations identified by the Extraordinary General Meeting;
• honoring the obligations linked to the issuance of equity instruments, stock option plans, bonus share awards, the allotment or selling of shares to employees as part of a profit-sharing scheme, employee shareholding or Corporate Savings Plans, or any other type of share grant for employees and directors and corporate officers of BNP Paribas and of the companies controlled exclusively by BNP Paribas within the meaning of article L.223-16 of the French Commercial Code;
• holding and subsequently remitting them in exchange or as payment for external growth transactions, mergers, spin-offs or asset contributions;
• under a market-making agreement in accordance with Decision No. 2021-01 of 22 June 2021 of the French Financial Markets Authority (Autorité des Marchés Financiers);
• carrying out investment services for which BNP Paribas has been approved or to hedge them.