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Annual Report - BNP Paribas

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Shareholder information<br />

Share capital<br />

As at 31 December 2006, <strong>BNP</strong> <strong>Paribas</strong>’ share capital stood<br />

at EUR 1,860,934,954 divided into 930,467,477 shares.<br />

Details of the historical share performance are provided in<br />

the “Changes in share capital” section (p. 228).<br />

In 2007, three series of transactions led to changes in the<br />

number of shares outstanding:<br />

6,464,608 shares were issued upon exercise of stock<br />

options;<br />

439,358 shares were issued in relation to the merger<br />

with BNL;<br />

Changes in shareholder structure<br />

Changes in the Bank’s ownership structure over the last three years are as follows:<br />

Shareholders<br />

32,111,135 shares repurchased by the Bank were subsequently<br />

cancelled.<br />

As at 31 December 2007, <strong>BNP</strong> <strong>Paribas</strong>’ share capital stood<br />

at EUR 1,810,520,616 divided into 905,260,308 shares<br />

with a par value of EUR 2 (1) .<br />

The shares are all fully paid-up and are held in registered<br />

or bearer form at the choice of their holders, subject to<br />

compliance with the relevant legal provisions. None of<br />

the Bank’s shares entitle their holders to an increased<br />

dividend or double voting rights or limit the exercise<br />

of voting rights.<br />

31 December 2005 31 December 2006 31 December 2007<br />

Number<br />

of shares<br />

(in millions)<br />

% interest<br />

and voting<br />

rights (1)<br />

Number<br />

of shares<br />

(in millions)<br />

% interest<br />

and voting<br />

rights (1)<br />

Number<br />

of shares<br />

(in millions)<br />

% interest<br />

and voting<br />

rights (1)<br />

AXA 47.64 5.7% 52.65 5.7% 53.56 5.9%<br />

Employees 47.09 5.6% 49.36 5.3% 52.64 5.8%<br />

- o/w corporate mutual funds 34.46 4.1% 35.86 3.9% 38.53 4.2%<br />

- o/w direct ownership 12.63 1.5% 13.50 1.4% 14.11 1.6%<br />

Corporate offi cers 0.22 nm 0.26 nm 0.36 nm<br />

Treasury shares ( * ) 9.06 1.1% 19.25 2.1% 9.14 1.0%<br />

Public 57.00 6.8% 59.55 6.4% 57.00 6.3%<br />

Institutional investors 621.11 74.1% 693.47 74.5% 717.40 79.3%<br />

(o/w “Socially Responsible Investors”) (6.53) (0.8%)<br />

(7.50) (0.8%) (9.52) (1.1%)<br />

- Europe 509.64 60.8% 480.61 51.6% 516.54 57.1%<br />

- Outside Europe 111.47 13.3% 212.86 22.9% 200.86 22.2%<br />

Other and unidentifi ed 56.13 6.7% 55.93 6.0% 15.16 2.7%<br />

TOTAL<br />

( ) * Excluding trading desks’ working positions.<br />

838.25 100.0% 930.47 100.0% 905.26 100.0%<br />

(1) Pursuant to Article 223-11 of the AMF General Regulation, voting rights must be calculated based on the total number of equities that have voting rights attached,<br />

including those whose voting rights have been suspended, e.g. treasury shares. As <strong>BNP</strong> <strong>Paribas</strong> rigorously applies a “one share, one vote” principle, percentage interest<br />

and percentage voting rights can be considered identical.<br />

<strong>BNP</strong> <strong>Paribas</strong> ownership structure as at 31 December 2007<br />

AXA 5.9%<br />

Employees 5.8%<br />

(-o/w mutual funds 4.2%,<br />

-o/w direct ownership 1.6%)<br />

Individual shareholders 6.3%<br />

Non-European institutional<br />

investors 22.2%<br />

European institutional<br />

investors 57.1%<br />

Other and unidentified 2.7%<br />

To the best of <strong>BNP</strong> <strong>Paribas</strong>’ knowledge, no shareholder<br />

other than AXA owns more than 5% of <strong>BNP</strong> <strong>Paribas</strong>’ capital<br />

or voting rights, nor does any agreement exist whose<br />

implementation could at a later date result in a change in<br />

<strong>BNP</strong> <strong>Paribas</strong>’ form of control.<br />

(1) Since the close of the fi nancial year, a total of 435,137 shares have been issued upon exercise of stock options. As at 28 January 2008, <strong>BNP</strong> <strong>Paribas</strong>’ share capital stood<br />

at EUR 1,811,390,890, divided into 905,695,445 shares with a par value of EUR 2.

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