Fourth resolution

Fourth resolution

(Approval of transactions and agreements between the Bank and its directors and officers or between the Bank and other companies with common directors, governed by Sections L 225-38 to 225-43 of the Commercial Code)

The Annual Meeting notes the terms of the Auditors' special report on transactions and agreements governed by Sections L 225-38 to 225-43 of the Commercial Code and approves the transactions and agreements referred to therein.

Presentation of the resolution

In the life of any company, especially one that represents the cornerstone of a group, it is common for agreements to be entered into directly or indirectly between that company and other entities with common directors, or with a shareholder owning over 5% of the company's capital. In the case of BNP Paribas, these agreements primarily concern guarantees given to certain subsidiaries as well as an agreement entered into with Axa in order to maintain the liquidity of BNP Paribas' interest in Finaxa. These agreements are required to be authorised in advance by the Board of Directors and approved by the General Meeting of Shareholders following presentation of the Auditors' special report prepared in application of Sections L. 225-38 to 225-43 of the Commercial Code. This is the purpose of the fourth resolution.