Dear Client, It is my pleasure to welcome you to the 27th BNP Paribas Exane CEO Conference, the flagship event for our Global Cash Equities business. This year we are proud to welcome over 1,000 investors, with 130 blue chip corporates attending. Our private markets track also features speakers from 20+ innovative private companies. In addition to maintaining our leading platform in Developed Europe, BNP Paribas continues to expand our scope in APAC and the Americas. We have quickly ramped up to cover 7 sectors in APAC, and now cover over 300 stocks in the Americas. We''re incredibly proud of the Cash Equities team we have assembled here at BNP Paribas. This allows us to provide a top-ranked Research franchise, a top-quality Distribution team, an award-winning Execution platform and a dynamic Corporate Access program. We continue to add Conferences and Field Trips to our annual roster, with 2025 seeing the first edition of our Global TMT Conference in London, the third edition of our Global Electric Vehicle and Mobility Conference in Hong Kong and the launch of an expanded industrials, materials and energy conference (TIME) in London. None of this would be possible without you. We hugely appreciate your support for this conference and we welcome your feedback about how we can continue to evolve and improve this event. I personally look forward to catching up with as many of you as possible over the coming days. Thank you for attending - I wish you an enjoyable and productive conference. Ben Spruntulis Global Head of Cash Equities BNP Paribas Exane