2012 Registration document and annual financial report - BNP Paribas

4CONSOLIDATEDFINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statementsMeasurement of performance sharesThe unit value used to measure performance shares is the value at theend of the holding period plus dividends paid since the vesting date,discounted at the grant date.The performance shares awarded in 2012, depending on whether or notthey are subject to a performance condition, were valued at betweenEUR 28.47 and EUR 33.45 for employees in France and between EUR 27.46and EUR 32.36 for employees outside France. The performance sharesawarded in 2011 were valued at EUR 47.84 for employees in France andEUR 45.95 for employees outside France.4Vested on9 March 2015Year to 31 Dec. 2012Plan granted on 6 March 2012Vested on7 March 2016Vested on4 March 2014Year to 31 Dec. 2011Plan granted on 4 March 2011Vested on4 March 2015BNP Paribas share price on the grant date(in euros) 37.195 37.195 54.49 54.49Date of availability 09/03/2017 07/03/2016 04/03/2016 04/03/2015Expected dividend on BNP Paribas shares (1) 3.23% 3.23% 4.10% 4.10%Risk-free interest rate 1.53% 1.33% 2.99% 2.81%Expected proportion of options that will beforfeited 2.00% 2.00% 2.00% 2.00%(1) The dividend yield indicated above is the average of a series of estimated annual dividends .1742012 Registration document and annual financial report - BNP PARIBAS