euronefgdxt

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EURONEXT

GATEWAY TO THE URO ZONE

HollandFrance

Portugal

Belgium

November 2005


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Euronext todayEuronext today

Europes largest central order book securities market

6.5 billion average daily turnover 9.4 billion fresh capital raised in 2004 and 15.6 billion YTD Over 25% of listed companies are international

The worlds second largest derivatives market

Business worth 1,000 billion traded every day Extensive range of financial and commodity derivatives products

A leading supplier of exchange trading technology

Used worldwide by most leading cash & derivatives Exchanges

The worlds first cross-border exchange

Operations in 5 European countries and the USA

Source: Euronext


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Euronexts competitive position in EuropeEuronexts competitive position in Europe

MARKET CAP.

European cash equity market capitalisation

CENTRAL ORDER BOOK

Trading value

(in billion )

Sources: FESE, Euronext, as of Dec 2004

LSE

29%

OMX

6%Milan

8%

Spanish

Exchanges

10%

DB

12%

EURONEXT

25%SWX9%

Largest equity market in continental Europe

Largest central order book in Europe


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Euronext International ListingsEuronext International Listings

Breakdown of listed companies

Domestic Cos

75 %

International Cos

25%

25% of Euronexts 1300 companies are international

Selected international companies:

Arcelor, Daiwa, Daimler Chrysler, Deutsche

Bank, Exxon Mobil, Fiat, Ford, General

Motors, General Electric, Hitachi, Honda,

HSBC, McDonalds, Maroc Telecom,

Mitsubishi Electric, NEC, SES Global, Sharp

7 Israeli companies listed


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More capital raised than any other EuropeanMore capital raised than any other European

exchangeexchange (in 2004)(in 2004)

Capital Media GroupCapital Media Group

Euronext helped businesses raise

9.4 billion fresh capital in 2004

52 new listings

Europes largest IPO: Belgacom

Cross-border successes:

- SES Global (Luxembourg)

- Maroc Telecom (Morocco)

- Cimex Pharma (Switzerland)

- Sacyr Vallehermoso (Spain)

- Hammerson (UK)

3,600 mn

1,300 mn

1,200 mn

507 mn

1,200 mn

217 mn

Selected DealsMilestones:
http://www.ses-global.com/index.htmhttp://www.snecma.com/en/index.phphttp://www.pagesjaunes.fr/


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Continued strong performance in 2005Continued strong performance in 2005

15.6 billion fresh capital raised in2005 YTD

57 new listings

The worlds largest IPO 2005: EDF

An additional Mkt cap of 99 bn

Large listings in various sectors:

- Utility: EDF ( 58.6 bn)

- Energy: GDF ( 22.6 bn)

- Investment funds: RHJ Intl (1.53

bn)

- Hi-tech: Tom Tom ( 1.86 bn)

Selected Deals (capital raised)Milestones:

7,000 mn

1,060 mn

657 mn

EDF

GDF

Telenet

Sanef

RHJ International

Tom Tom

837 mn

467 mn

3,482 mn


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Unique access to European asset managersUnique access to European asset managers

Geographical split of investment fund assets typifies wider Europeaninvestment profile

Huge pool of AUM - 4.2 Trillion

Good growth rates >10 % annually

Euro zone countries dominate 85% of total AUM

Total Net Assets of UCITS

(in EUR billions)

4,186

3,763

3,327

0

500

1 000

1 500

2 000

2 500

3 000

3 500

4 000

4 500

2002 20042003

Breakdown per area

UK

9.1%

Others(outside Euro zone)

7.3%

Euronext

24.5%

Euro zone

(excl. euronext)

59.1%

Source: European Fund and Asset Management Association


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Unique access to European asset managersUnique access to European asset managers

Source: European Fund and Asset Management Association

France

NetherlandsBelgium

Portugal

Luxembourg

Sweden

UK

Germany

Spain

Switzerland

Austria

Ireland

Italy

Other0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

The European Investment Fund Market

Fragmented market cross-border access is key

Euronext gives London access and broad Eurozone entry


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EURONEXT

- Listing requirements -


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Listing requirements overviewListing requirements overview

Market Description Listings and on-going requirements

EurolistRegulated market

for large, mid &

small caps

* Minimum 25% shares distributed to the public

* Three-year track record required

* Recognised accounting standards or IFRS

Ongoing obligations

* Audited annual report and half-year report

* Timely disclosure

* Two-year track record

* Recognised accounting standards

* On-going obligation less demanding

* Public offering or Private placement

Alternext

Exchange

regulated market

for mid & small

companies


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Eurolist - the Main BoardEurolist - the Main Board

One single regulated market - one rule book

One single cross-border trading platform

Borderless:

Companies are classified in alphabetical order and identified onthe basis of capitalization rather than on geographic location

Large caps (group A: > 1 billion)

Mid caps (group B: between 150 million and 1 billion)

Small caps (group C: less than 150 million)

Equal opportunity for international companies to join key indices


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Eurolist - Flexible services for intl companiesEurolist - Flexible services for intl companies Language

English or local Euronext language, at issuers wish

Listing instruments Shares Depositary Receipts (EDR, GDR, ADR) Corporate bonds Derivative instruments, including Convertibles, Options, Warrants and Futures

Currency

Euro - the worlds second most important currency Or any other major currency

Accounting standards

IFRS or any standard accepted by the regulator

Regulatory environment

Sound regulatory framework provides credibility

No Sarbanes Oxley regulation! Tailor-made for cross-border business (European Prospectus Directive)


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Alternext the Junior MarketAlternext the Junior Market

Euronext launched Alternext on 17 May 2005

Alternext is an exchange-regulated market

Designed for small and mid-cap companies

Easy, cost-effective access to the capital markets

Compliance with investor disclosure rules

Open for companies from all sectors


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Alternext to dateAlternext to date

Current market cap: 657m

Mkt cap (at issue price): 593m

Mkt perf. since launch: + 11%

No. listed companies: 16

Average size: 37 m

Average deal size: 7.2 m

No. Listin S onsors: 28


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Alternext: Easy access for listing applicantsAlternext: Easy access for listing applicants

The decision to go public must be made by the company'smanaging body

Listing requirements are simple

Applicants need only: appoint a listing sponsor submit the last two years' financial statements

(IFRS not mandatory..but recognised accounting standards

offer investor comfort)

Two procedures can be used:

listing with a public offer

direct listing without public offer


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The role of the Listing sponsorsThe role of the Listing sponsors

Mandatory assistance by a Euronext-recognised and approvedintermediary

The listing sponsor plays two main roles as the company's long-

term partner:

helps and advises the applicant to prepare for an Alternext listing

including preparing the prospectus or information memorandum

supports and guides the issuer throughout its life as a listed

company, reminding it of disclosure requirements (initially for atleast a 2 year period)

The listing sponsor makes a contractual commitment to Euronext

to ensure that listed companies meet their disclosure

requirements.


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EURONEXT

-RecentAnnouncements-


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Recent AnnouncementsRecent Announcements Highlights - Revenue: 4.1m (2008: 4.3m)

EBITDA loss: 0.3m (2008: EBITDA profit 0.5m)

Loss before tax: 1.0m (2008: profit 0.1m) Seventeen license transactions including extension sales

completed. A number of opportunities expected to close during

the first half of the year were delayed but remain in active sales

cycles. Revenue visibility now stands at 7.0m for full-year 2009

performance, up from 6.2m reported in mid June at the AGM.

The licensee base now stands at 163. Gross cash at 30 June stood at 1.6m. We have renegotiated our

debtor-based revolving credit facilities from $750,000 to

$1,250,000, though only $700,000 was drawn at 30 June.


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Contd..


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Stock overview


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EURONEXT

- Why chose Euronext -


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Why join the Euronext markets?Why join the Euronext markets?

Gateway to the urozone

Publicity: 453 million consumers

Huge pool of assets under management Euro key currency

Leading European exchange with a pan-European reach

Top-ranked in raising fresh capital

Excellent market liquidity

Largest central order book trading in Europe

An exchange without borders

Truly cross-border International companies can join local indices

A recognised marketplace

Sound regulatory framework Enhancing companys profile to international standards


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www.euronext.com

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