New Business Organisation

BNP PARIBAS BNL Grupp BNP PARIBAS Total Cost Synergies by 2009 CIB (by Business) Increased Cost Synergies Total Cost Synergies by 2009 (by Nature) 13% IRFS 2% AMS 5% Total: €270mn Other 9% IT 18% BNL functions and operations 80% Procurement 15% Total cost synergies raised to 270mn compared to 250mn announced at the time of acquisition Agreement signed with the unions ■2,200 staff departures over the period Financial Elements HR 58% 40 40

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