New Business Organisation

BNP PARIBAS BNL Property Development BNL Real Estate Asset Fondi Management Immob. Property & Facility BNP PARIBAS Development Plan Real Estate Services BNP Paribas Dvlp. Mgt. (2006) BNP Paribas Property Mgt. (2006) Vertical integration of BNL Fondi Immobiliari 2nd in Italy with BNP Paribas Real Estate Services' Italian entities Insourcing of Property development, facility management, transactions to leverage BNP Paribas recent acquisitions in Italy ● Valorisation of BNL non strategic real estate Transaction/ Advisory Atis Real (2005) Grupp BNP PARIBAS Asset Management and Services * Source: Assogestioni 91

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