(Authorisation to be granted to the Board of Directors for the purpose of reducing the share capital by the cancellation of shares)
Ruling under the quorum and majority conditions stipulated for Extraordinary General Meetings, after having taken note of the report of the Board of Directors and of the special report of the Auditors, the General Meeting authorises the Board of Directors, in accordance with the provisions of Article L. 225-209 of the Commercial Code, to cancel, in one or several instalments, within the limit of 10 % of the total number of shares making up the share capital existing on the date of the operation, per period of 24 months, all or some of the shares that BNP Paribas holds or that it may hold, to correspondingly reduce the share capital and to deduct the difference between the purchase value of the securities cancelled and their par value from the premiums and reserves available, including the statutory reserve for 10% of the share capital cancelled. The General Meeting gives full powers to the Board of Directors, with the right of redelegation under the statutory conditions, to use this authorisation, carry out any acts, formalities and declarations, including amending the Articles of Association and, generally, to take the necessary action. This authorisation replaces that granted by the fifteenth resolution of the General Meeting of 13 May 2009 and is granted for a period of 18 months from the date of this Meeting.
Presentation of the resolution
The twentieth resolution requests the Meeting to authorise the Board for a period of 18 months to cancel, by means of a reduction in the share capital, all or some of its own shares held by your company or purchased within the framework of the authorisation given by the Ordinary General Meeting, within the limit of 10% of the share capital existing on the date of the operation, per 24 month period. This authorisation would invalidate for the unused amounts, any previous authorisation of the same kind.