AVVISO n SeDeX - LEV. CERTIFICATES. 02 Dicembre Mittente del comunicato : BORSA ITALIANA. Societa' oggetto dell'avviso

AVVISO n.20504 02 Dicembre 2015 SeDeX - LEV. CERTIFICATES Mittente del comunicato : BORSA ITALIANA Societa' oggetto dell'avviso : BNP PARIBAS ARBITRAGE ISSUANCE Oggetto : Inizio negoziazione 'Leverage Certificates - Classe A' 'BNP PARIBAS ARBITRAGE ISSUANCE' emessi nell'ambito di un Programma Testo del comunicato Si veda allegato. Disposizioni della Borsa

Strumenti finanziari: Turbo on Index - November 2015 Emittente: Garante: BNP PARIBAS ARBITRAGE ISSUANCE BNP Paribas Rating Garante: Società di Rating Long Term Data Report Moody's A1 28/05/2015 Standard & Poor's A+ 03/07/2014 Fitch Ratings A+ 19/05/2015 Oggetto: INIZIO NEGOZIAZIONI IN BORSA Data di inizio negoziazioni: 03/12/2015 Mercato di quotazione: Orari e modalità di negoziazione: Operatore incaricato ad assolvere l'impegno di quotazione: Limiti di variazione prezzi: Borsa - Comparto SEDEX 'Leverage Certificates - Classe A' Negoziazione continua e l'orario stabilito dall'art. IA.7.3.1 delle Istruzioni BNP Paribas Arbitrage SNC Member ID Specialist: IT0540 Vedi tabella in Allegato 1 in fondo al presente avviso CARATTERISTICHE SALIENTI DEI TITOLI OGGETTO DI QUOTAZIONE Turbo on Index - November 2015 Tipo di liquidazione: Modalità di esercizio: monetaria europeo DISPOSIZIONI DELLA BORSA ITALIANA Dal giorno 03/12/2015, gli strumenti finanziari 'Turbo on Index - November 2015' (vedasi scheda riepilogativa delle caratteristiche dei securitised derivatives) verranno inseriti nel Listino Ufficiale, sezione Securitised Derivatives. Allegati: - Scheda riepilogativa delle caratteristiche dei securitised derivatives; - Estratto del prospetto di quotazione dei Securitised Derivatives

Num. Serie Codice Isin Trading Code Instrument Id Descrizione Sottostante Tipologia Strike Data Scadenza Parità Quantità Lotto Negoziazione 36 NL0011510763 P10763 785419 BPAFTMIBSLTBSH23500AB23500E180316 FTSE MIB Index Bear 23500 18/03/16 0,0001 5000000 1 31250 23500 37 NL0011510771 P10771 785399 BPAFTMIBSLTBSH24000AB24000E180316 FTSE MIB Index Bear 24000 18/03/16 0,0001 5000000 1 19231 24000 51 NL0011510912 P10912 785400 BPADAXSLTBLG10400AB10400E160316 DAX Bull 10400 16/03/16 0,01 30000 1 286 10400 52 NL0011510920 P10920 785401 BPADAXSLTBLG10800AB10800E160316 DAX Bull 10800 16/03/16 0,01 30000 1 526 10800 71 NL0011511118 P11118 785402 BPAEUS50SLTBLG3300AB3300E160316 EURO STOXX 50 Bull 3300 16/03/16 0,01 30000 1 1330 3300 78 NL0011511183 P11183 785403 BPAEUS50SLTBSH3700AB3700E160316 EURO STOXX 50 Bear 3700 16/03/16 0,01 30000 1 1179 3700 101 NL0011511415 P11415 785404 BPAN225SLTBLG18500AB18500E160316 NIKKEI 225 INDEX Bull 18500 16/03/16 0,1 30000 1 2252 18500 EMS Prima Barriera

FINAL TERMS DATED 23 OCTOBER 2015 BNP Paribas Arbitrage Issuance B.V. (incorporated in The Netherlands) (as Issuer) BNP Paribas (incorporated in France) (as Guarantor) (Note, Warrant and Certificate Programme) EUR "Turbo" Certificates relating to an Index BNP Paribas Arbitrage S.N.C. (as Manager) PART A - CONTRACTUAL TERMS Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base Prospectus dated 9 June 2015, each Supplement to the Base Prospectus published and approved on or before the date of these Final Terms (copies of which are available as described below) and any other Supplement to the Base Prospectus which may have been published and approved before the issue of any additional amount of Securities (the "Supplements") (provided that to the extent any such Supplement (i) is published and approved after the date of these Final Terms and (ii) provide for any change to the Conditions of the Securities such changes shall have no effect with respect to the Conditions of the Securities to which these Final Terms relate) which together constitute a base prospectus for the purposes of Directive 2003/71/EC (the "Prospectus Directive") (the "Base Prospectus"). The Base Prospectus has been passported into Italy in compliance with Article 18 of the Prospectus Directive. This document constitutes the Final Terms of the Securities described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Base Prospectus. Full information on BNP Paribas Arbitrage Issuance B.V. (the "Issuer"), BNP Paribas (the "Guarantor") and the offer of the Securities is only available on the basis of the combination of these Final Terms and the Base Prospectus. A summary of the Securities (which comprises the Summary in the Base Prospectus as amended to reflect the provisions of these Final Terms) is annexed to these Final Terms. The Base Prospectus, any Supplement(s) to the Base Prospectus and these Final Terms are available for viewing on the following website: www.prodottidiborsa.it and copies may be obtained free of charge at the specified offices of the Security Agents. The Base Prospectus and the Supplement(s) to the Base Prospectus will also be available on the AMF website www.amf-france.org. References herein to numbered Conditions are to the terms and conditions of the relevant series of Securities and words and expressions defined in such terms and conditions shall bear the same meaning in these Final Terms in so far as they relate to such series of Securities, save as where otherwise expressly provided. These Final Terms relate to the series of Securities as set out in "Specific Provisions for each Series" below. References herein to "Securities" shall be deemed to be references to the relevant Securities that are the subject of these Final Terms and references to "Security" shall be construed accordingly. 1 / 25

SPECIFIC PROVISIONS FOR EACH SERIES Series Number / ISIN Code No. of Securities issued No. of Securities Common Code Trading Code of Borsa Italiana Issue Price per Security Call / Put Strike Price Knock-out Level Exercise Date Exercise Settlement Date Parity Multiplier * NL0011510417 5,000,000 5,000,000 130068375 P10417 EUR 0.59 Call EUR 16,500 EUR 16,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510425 5,000,000 5,000,000 130068383 P10425 EUR 0.54 Call EUR 17,000 EUR 17,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510433 5,000,000 5,000,000 130068391 P10433 EUR 0.49 Call EUR 17,500 EUR 17,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510441 5,000,000 5,000,000 130068405 P10441 EUR 0.44 Call EUR 18,000 EUR 18,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510458 5,000,000 5,000,000 130068413 P10458 EUR 0.39 Call EUR 18,500 EUR 18,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510466 5,000,000 5,000,000 130068421 P10466 EUR 0.34 Call EUR 19,000 EUR 19,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510474 5,000,000 5,000,000 130068430 P10474 EUR 0.29 Call EUR 19,500 EUR 19,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510482 5,000,000 5,000,000 130068448 P10482 EUR 0.24 Call EUR 20,000 EUR 20,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510490 5,000,000 5,000,000 130068456 P10490 EUR 0.19 Call EUR 20,500 EUR 20,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510508 5,000,000 5,000,000 130068464 P10508 EUR 0.14 Call EUR 21,000 EUR 21,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510516 5,000,000 5,000,000 130068472 P10516 EUR 0.09 Call EUR 21,500 EUR 21,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510524 5,000,000 5,000,000 130068499 P10524 EUR 0.04 Call EUR 22,000 EUR 22,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510532 5,000,000 5,000,000 130068502 P10532 EUR 0.01 Call EUR 22,500 EUR 22,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510540 5,000,000 5,000,000 130068529 P10540 EUR 0.01 Call EUR 23,000 EUR 23,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510557 5,000,000 5,000,000 130068537 P10557 EUR 0.01 Call EUR 23,500 EUR 23,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510565 5,000,000 5,000,000 130068545 P10565 EUR 0.01 Call EUR 24,000 EUR 24,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510573 5,000,000 5,000,000 130068553 P10573 EUR 0.01 Call EUR 24,500 EUR 24,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510581 5,000,000 5,000,000 130068561 P10581 EUR 0.01 Call EUR 25,000 EUR 25,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510599 5,000,000 5,000,000 130068570 P10599 EUR 0.01 Call EUR 25,000 EUR 25,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510607 5,000,000 5,000,000 130068588 P10607 EUR 0.01 Call EUR 25,500 EUR 25,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510615 5,000,000 5,000,000 130068596 P10615 EUR 0.01 Call EUR 26,000 EUR 26,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510623 5,000,000 5,000,000 130068600 P10623 EUR 0.01 Call EUR 26,500 EUR 26,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510631 5,000,000 5,000,000 130068618 P10631 EUR 0.01 Call EUR 27,000 EUR 27,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510649 5,000,000 5,000,000 130068626 P10649 EUR 0.01 Put EUR 17,500 EUR 17,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510656 5,000,000 5,000,000 130068634 P10656 EUR 0.01 Put EUR 18,000 EUR 18,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510664 5,000,000 5,000,000 130068642 P10664 EUR 0.01 Put EUR 18,500 EUR 18,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510672 5,000,000 5,000,000 130068669 P10672 EUR 0.01 Put EUR 19,000 EUR 19,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510680 5,000,000 5,000,000 130068677 P10680 EUR 0.01 Put EUR 19,500 EUR 19,500 18 March 2016 25 March 2016 10,000 0.0001 2 / 25

Series Number / ISIN Code No. of Securities issued No. of Securities Common Code Trading Code of Borsa Italiana Issue Price per Security Call / Put Strike Price Knock-out Level Exercise Date Exercise Settlement Date Parity Multiplier * NL0011510698 5,000,000 5,000,000 130068685 P10698 EUR 0.01 Put EUR 20,000 EUR 20,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510706 5,000,000 5,000,000 130068693 P10706 EUR 0.01 Put EUR 20,500 EUR 20,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510714 5,000,000 5,000,000 130068707 P10714 EUR 0.01 Put EUR 21,000 EUR 21,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510722 5,000,000 5,000,000 130068715 P10722 EUR 0.01 Put EUR 21,500 EUR 21,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510730 5,000,000 5,000,000 130068723 P10730 EUR 0.01 Put EUR 22,000 EUR 22,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510748 5,000,000 5,000,000 130068731 P10748 EUR 0.01 Put EUR 22,500 EUR 22,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510755 5,000,000 5,000,000 130068740 P10755 EUR 0.06 Put EUR 23,000 EUR 23,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510763 5,000,000 5,000,000 130068758 P10763 EUR 0.11 Put EUR 23,500 EUR 23,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510771 5,000,000 5,000,000 130068766 P10771 EUR 0.16 Put EUR 24,000 EUR 24,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510789 5,000,000 5,000,000 130068774 P10789 EUR 0.21 Put EUR 24,500 EUR 24,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510797 5,000,000 5,000,000 130068782 P10797 EUR 0.26 Put EUR 25,000 EUR 25,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510805 5,000,000 5,000,000 130068804 P10805 EUR 0.26 Put EUR 25,000 EUR 25,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510813 5,000,000 5,000,000 130068812 P10813 EUR 0.31 Put EUR 25,500 EUR 25,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510821 5,000,000 5,000,000 130068839 P10821 EUR 0.36 Put EUR 26,000 EUR 26,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510839 5,000,000 5,000,000 130068847 P10839 EUR 0.41 Put EUR 26,500 EUR 26,500 18 March 2016 25 March 2016 10,000 0.0001 NL0011510847 5,000,000 5,000,000 130068855 P10847 EUR 0.46 Put EUR 27,000 EUR 27,000 18 March 2016 25 March 2016 10,000 0.0001 NL0011510854 30,000 30,000 130068863 P10854 EUR 21.64 Call EUR 8,000 EUR 8,000 16 March 2016 23 March 2016 100 0.01 NL0011510862 30,000 30,000 130068871 P10862 EUR 17.64 Call EUR 8,400 EUR 8,400 16 March 2016 23 March 2016 100 0.01 NL0011510870 30,000 30,000 130068880 P10870 EUR 13.64 Call EUR 8,800 EUR 8,800 16 March 2016 23 March 2016 100 0.01 NL0011510888 30,000 30,000 130068898 P10888 EUR 9.64 Call EUR 9,200 EUR 9,200 16 March 2016 23 March 2016 100 0.01 NL0011510896 30,000 30,000 130068901 P10896 EUR 5.64 Call EUR 9,600 EUR 9,600 16 March 2016 23 March 2016 100 0.01 NL0011510904 30,000 30,000 130068910 P10904 EUR 1.64 Call EUR 10,000 EUR 10,000 16 March 2016 23 March 2016 100 0.01 NL0011510912 30,000 30,000 130068928 P10912 EUR 0.01 Call EUR 10,400 EUR 10,400 16 March 2016 23 March 2016 100 0.01 NL0011510920 30,000 30,000 130068936 P10920 EUR 0.01 Call EUR 10,800 EUR 10,800 16 March 2016 23 March 2016 100 0.01 NL0011510938 30,000 30,000 130068944 P10938 EUR 0.01 Call EUR 11,200 EUR 11,200 16 March 2016 23 March 2016 100 0.01 NL0011510946 30,000 30,000 130068952 P10946 EUR 0.01 Call EUR 11,600 EUR 11,600 16 March 2016 23 March 2016 100 0.01 NL0011510953 30,000 30,000 130068979 P10953 EUR 0.01 Call EUR 12,000 EUR 12,000 16 March 2016 23 March 2016 100 0.01 NL0011510961 30,000 30,000 130068987 P10961 EUR 0.01 Call EUR 12,400 EUR 12,400 16 March 2016 23 March 2016 100 0.01 NL0011510979 30,000 30,000 130068995 P10979 EUR 0.01 Put EUR 8,000 EUR 8,000 16 March 2016 23 March 2016 100 0.01 NL0011510987 30,000 30,000 130069002 P10987 EUR 0.01 Put EUR 8,400 EUR 8,400 16 March 2016 23 March 2016 100 0.01 3 / 25

Series Number / ISIN Code No. of Securities issued No. of Securities Common Code Trading Code of Borsa Italiana Issue Price per Security Call / Put Strike Price Knock-out Level Exercise Date Exercise Settlement Date Parity Multiplier * NL0011510995 30,000 30,000 130069029 P10995 EUR 0.01 Put EUR 8,800 EUR 8,800 16 March 2016 23 March 2016 100 0.01 NL0011511001 30,000 30,000 130069037 P11001 EUR 0.01 Put EUR 9,200 EUR 9,200 16 March 2016 23 March 2016 100 0.01 NL0011511019 30,000 30,000 130069045 P11019 EUR 0.01 Put EUR 9,600 EUR 9,600 16 March 2016 23 March 2016 100 0.01 NL0011511027 30,000 30,000 130069053 P11027 EUR 0.01 Put EUR 10,000 EUR 10,000 16 March 2016 23 March 2016 100 0.01 NL0011511035 30,000 30,000 130069061 P11035 EUR 2.36 Put EUR 10,400 EUR 10,400 16 March 2016 23 March 2016 100 0.01 NL0011511043 30,000 30,000 130069070 P11043 EUR 6.36 Put EUR 10,800 EUR 10,800 16 March 2016 23 March 2016 100 0.01 NL0011511050 30,000 30,000 130069088 P11050 EUR 10.36 Put EUR 11,200 EUR 11,200 16 March 2016 23 March 2016 100 0.01 NL0011511068 30,000 30,000 130069096 P11068 EUR 14.36 Put EUR 11,600 EUR 11,600 16 March 2016 23 March 2016 100 0.01 NL0011511076 30,000 30,000 130069100 P11076 EUR 18.36 Put EUR 12,000 EUR 12,000 16 March 2016 23 March 2016 100 0.01 NL0011511084 30,000 30,000 130069118 P11084 EUR 22.36 Put EUR 12,400 EUR 12,400 16 March 2016 23 March 2016 100 0.01 NL0011511092 30,000 30,000 130069126 P11092 EUR 30.02 Call EUR 2,700 EUR 2,700 16 March 2016 23 March 2016 100 0.01 NL0011511100 30,000 30,000 130069134 P11100 EUR 29.72 Call EUR 3,000 EUR 3,000 16 March 2016 23 March 2016 100 0.01 NL0011511118 30,000 30,000 130069142 P11118 EUR 29.42 Call EUR 3,300 EUR 3,300 16 March 2016 23 March 2016 100 0.01 NL0011511126 30,000 30,000 130069169 P11126 EUR 29.12 Call EUR 3,700 EUR 3,700 16 March 2016 23 March 2016 100 0.01 NL0011511134 30,000 30,000 130069177 P11134 EUR 28.82 Call EUR 4,000 EUR 4,000 16 March 2016 23 March 2016 100 0.01 NL0011511142 30,000 30,000 130069185 P11142 EUR 28.52 Call EUR 4,300 EUR 4,300 16 March 2016 23 March 2016 100 0.01 NL0011511159 30,000 30,000 130069193 P11159 EUR 0.01 Put EUR2,700 EUR2,700 16 March 2016 23 March 2016 100 0.01 NL0011511167 30,000 30,000 130069207 P11167 EUR 0.01 Put EUR 3,000 EUR 3,000 16 March 2016 23 March 2016 100 0.01 NL0011511175 30,000 30,000 130069215 P11175 EUR 0.01 Put EUR3,300 EUR3,300 16 March 2016 23 March 2016 100 0.01 NL0011511183 30,000 30,000 130069223 P11183 EUR 0.01 Put EUR 3,700 EUR 3,700 16 March 2016 23 March 2016 100 0.01 NL0011511191 30,000 30,000 130069231 P11191 EUR 0.01 Put EUR 4,000 EUR 4,000 16 March 2016 23 March 2016 100 0.01 NL0011511209 30,000 30,000 130069240 P11209 EUR 0.01 Put EUR 4,300 EUR 4,300 16 March 2016 23 March 2016 100 0.01 NL0011511217 30,000 30,000 130069258 P11217 EUR 4.90 Call USD 1,600 USD 1,600 16 March 2016 23 March 2016 100 0.01 NL0011511225 30,000 30,000 130069266 P11225 EUR 2.63 Call USD 1,800 USD 1,800 16 March 2016 23 March 2016 100 0.01 NL0011511233 30,000 30,000 130069274 P11233 EUR 0.37 Call USD 2,000 USD 2,000 16 March 2016 23 March 2016 100 0.01 NL0011511241 30,000 30,000 130069282 P11241 EUR 0.01 Call USD 2,200 USD 2,200 16 March 2016 23 March 2016 100 0.01 NL0011511258 30,000 30,000 130069304 P11258 EUR 0.01 Call USD 2,400 USD 2,400 16 March 2016 23 March 2016 100 0.01 NL0011511266 30,000 30,000 130069312 P11266 EUR 0.01 Call USD 2,600 USD 2,600 16 March 2016 23 March 2016 100 0.01 NL0011511274 30,000 30,000 130069339 P11274 EUR 0.01 Put USD 1,600 USD 1,600 16 March 2016 23 March 2016 100 0.01 NL0011511282 30,000 30,000 130069347 P11282 EUR 0.01 Put USD 1,800 USD 1,800 16 March 2016 23 March 2016 100 0.01 4 / 25

Series Number / ISIN Code No. of Securities issued No. of Securities Common Code Trading Code of Borsa Italiana Issue Price per Security Call / Put Strike Price Knock-out Level Exercise Date Exercise Settlement Date Parity Multiplier * NL0011511290 30,000 30,000 130069355 P11290 EUR 0.01 Put USD 2,000 USD 2,000 16 March 2016 23 March 2016 100 0.01 NL0011511308 30,000 30,000 130069363 P11308 EUR 1.89 Put USD 2,200 USD 2,200 16 March 2016 23 March 2016 100 0.01 NL0011511316 30,000 30,000 130069371 P11316 EUR 4.15 Put USD 2,400 USD 2,400 16 March 2016 23 March 2016 100 0.01 NL0011511324 30,000 30,000 130069380 P11324 EUR 6.41 Put USD 2,600 USD 2,600 16 March 2016 23 March 2016 100 0.01 NL0011511332 30,000 30,000 130069398 P11332 EUR 2.69 Call JPY 14,500 JPY 14,500 16 March 2016 23 March 2016 10 0.10 NL0011511340 30,000 30,000 130069401 P11340 EUR 2.32 Call JPY 15,000 JPY 15,000 16 March 2016 23 March 2016 10 0.10 NL0011511357 30,000 30,000 130069410 P11357 EUR 1.95 Call JPY 15,500 JPY 15,500 16 March 2016 23 March 2016 10 0.10 NL0011511365 30,000 30,000 130069428 P11365 EUR 1.58 Call JPY 16,000 JPY 16,000 16 March 2016 23 March 2016 10 0.10 NL0011511373 30,000 30,000 130069436 P11373 EUR 1.21 Call JPY 16,500 JPY 16,500 16 March 2016 23 March 2016 10 0.10 NL0011511381 30,000 30,000 130069444 P11381 EUR 0.84 Call JPY 17,000 JPY 17,000 16 March 2016 23 March 2016 10 0.10 NL0011511399 30,000 30,000 130069452 P11399 EUR 0.47 Call JPY 17,500 JPY 17,500 16 March 2016 23 March 2016 10 0.10 NL0011511407 30,000 30,000 130069479 P11407 EUR 0.10 Call JPY 18,000 JPY 18,000 16 March 2016 23 March 2016 10 0.10 NL0011511415 30,000 30,000 130069487 P11415 EUR 0.01 Call JPY 18,500 JPY 18,500 16 March 2016 23 March 2016 10 0.10 NL0011511423 30,000 30,000 130069495 P11423 EUR 0.01 Call JPY 19,500 JPY 19,500 16 March 2016 23 March 2016 10 0.10 NL0011511431 30,000 30,000 130069509 P11431 EUR 0.01 Call JPY 20,000 JPY 20,000 16 March 2016 23 March 2016 10 0.10 NL0011511449 30,000 30,000 130069517 P11449 EUR 0.01 Call JPY 20,500 JPY 20,500 16 March 2016 23 March 2016 10 0.10 NL0011511456 30,000 30,000 130069525 P11456 EUR 0.01 Call JPY 21,000 JPY 21,000 16 March 2016 23 March 2016 10 0.10 NL0011511464 30,000 30,000 130069533 P11464 EUR 0.01 Call JPY 21,500 JPY 21,500 16 March 2016 23 March 2016 10 0.10 NL0011511472 30,000 30,000 130069541 P11472 EUR 0.01 Put JPY 14,500 JPY 14,500 16 March 2016 23 March 2016 10 0.10 NL0011511480 30,000 30,000 130069550 P11480 EUR 0.01 Put JPY 15,000 JPY 15,000 16 March 2016 23 March 2016 10 0.10 NL0011511498 30,000 30,000 130069568 P11498 EUR 0.01 Put JPY 15,500 JPY 15,500 16 March 2016 23 March 2016 10 0.10 NL0011511506 30,000 30,000 130069576 P11506 EUR 0.01 Put JPY 16,000 JPY 16,000 16 March 2016 23 March 2016 10 0.10 NL0011511514 30,000 30,000 130069584 P11514 EUR 0.01 Put JPY 16,500 JPY 16,500 16 March 2016 23 March 2016 10 0.10 NL0011511522 30,000 30,000 130069592 P11522 EUR 0.01 Put JPY 17,000 JPY 17,000 16 March 2016 23 March 2016 10 0.10 NL0011511530 30,000 30,000 130069606 P11530 EUR 0.01 Put JPY 17,500 JPY 17,500 16 March 2016 23 March 2016 10 0.10 NL0011511548 30,000 30,000 130069614 P11548 EUR 0.01 Put JPY 18,000 JPY 18,000 16 March 2016 23 March 2016 10 0.10 NL0011511555 30,000 30,000 130069622 P11555 EUR 0.27 Put JPY 18,500 JPY 18,500 16 March 2016 23 March 2016 10 0.10 NL0011511563 30,000 30,000 130069649 P11563 EUR 1.01 Put JPY 19,500 JPY 19,500 16 March 2016 23 March 2016 10 0.10 NL0011511571 30,000 30,000 130069657 P11571 EUR 1.38 Put JPY 20,000 JPY 20,000 16 March 2016 23 March 2016 10 0.10 NL0011511589 30,000 30,000 130069665 P11589 EUR 1.75 Put JPY 20,500 JPY 20,500 16 March 2016 23 March 2016 10 0.10 5 / 25

Series Number / ISIN Code No. of Securities issued No. of Securities Common Code Trading Code of Borsa Italiana Issue Price per Security Call / Put Strike Price Knock-out Level Exercise Date Exercise Settlement Date Parity Multiplier * NL0011511597 30,000 30,000 130069673 P11597 EUR 2.12 Put JPY 21,000 JPY 21,000 16 March 2016 23 March 2016 10 0.10 NL0011511605 30,000 30,000 130069681 P11605 EUR 2.49 Put JPY 21,500 JPY 21,500 16 March 2016 23 March 2016 10 0.10 * For the purposes of Borsa Italiana, Multiplier equals to 1/Parity Series Number / ISIN Code Index Index Currency ISIN of Index Reuters Code of Index / Reuters Screen Page NL0011510417 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510425 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510433 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510441 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510458 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510466 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510474 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510482 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510490 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510508 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510516 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510524 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510532 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited Index Sponsor Index Sponsor Website Exchange Exchange Website Exchange Rate www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 NL0011510540 FTSE MIB EUR IT0003465736.FTMIB FTSE International www.ftse.com Borsa Italiana www.borsaitaliana.it 1 6 / 25

Series Number / ISIN Code Index Index Currency ISIN of Index Reuters Code of Index / Reuters Screen Page Index Sponsor Index Sponsor Website Exchange Exchange Website Exchange Rate Limited NL0011510557 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510565 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510573 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510581 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510599 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510607 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510615 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510623 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510631 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510649 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510656 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510664 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510672 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510680 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510698 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510706 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510714 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 NL0011510722 FTSE MIB EUR IT0003465736.FTMIB FTSE International www.ftse.com Borsa Italiana www.borsaitaliana.it 1 7 / 25

Series Number / ISIN Code Index Index Currency ISIN of Index Reuters Code of Index / Reuters Screen Page Index Sponsor Index Sponsor Website Exchange Exchange Website Exchange Rate Limited NL0011510730 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510748 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510755 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510763 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510771 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510789 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510797 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510805 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510813 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510821 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510839 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510847 FTSE MIB EUR IT0003465736.FTMIB FTSE International Limited NL0011510854 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011510862 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011510870 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011510888 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.ftse.com www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Borsa Italiana (MTA) Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.borsaitaliana.it 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 8 / 25

Series Number / ISIN Code Index Index Currency ISIN of Index Reuters Code of Index / Reuters Screen Page NL0011510896 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011510904 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011510912 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011510920 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011510938 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011510946 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011510953 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011510961 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011510979 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011510987 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011510995 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011511001 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011511019 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG Index Sponsor Index Sponsor Website Exchange Exchange Website Exchange Rate www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 9 / 25

Series Number / ISIN Code Index Index Currency ISIN of Index Reuters Code of Index / Reuters Screen Page NL0011511027 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011511035 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011511043 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011511050 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011511068 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011511076 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG NL0011511084 DAX EUR DE0008469008.GDAXI Deutsche Boerse AG Index Sponsor Index Sponsor Website Exchange Exchange Website Exchange Rate www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com www.dax-indices.com Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA Frankfurt Stock Exchange / XETRA NL0011511092 EURO STOXX 50 EUR EU0009658145.STOXX50E Stoxx Limited www.stoxx.com As set out in Annex 2 for a Composite Index/ Multi-Exchange Index NL0011511100 EURO STOXX 50 EUR EU0009658145.STOXX50E Stoxx Limited www.stoxx.com As set out in Annex 2 for a Composite Index/ Multi-Exchange Index NL0011511118 EURO STOXX 50 EUR EU0009658145.STOXX50E Stoxx Limited www.stoxx.com As set out in Annex 2 for a Composite Index/ Multi-Exchange Index NL0011511126 EURO STOXX 50 EUR EU0009658145.STOXX50E Stoxx Limited www.stoxx.com As set out in Annex 2 for a Composite Index/ Multi-Exchange www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 www.boerse-frankfurt.de 1 / 1 / 1 / 1 / 1 10 / 25

Series Number / ISIN Code Index Index Currency ISIN of Index Reuters Code of Index / Reuters Screen Page Index Sponsor Index Sponsor Website Exchange Exchange Website Exchange Rate NL0011511134 EURO STOXX 50 EUR EU0009658145.STOXX50E Stoxx Limited www.stoxx.com As set out in Annex 2 for a Composite Index/ Multi-Exchange Index NL0011511142 EURO STOXX 50 EUR EU0009658145.STOXX50E Stoxx Limited www.stoxx.com As set out in Annex 2 for a Composite Index/ Multi-Exchange Index NL0011511159 EURO STOXX 50 EUR EU0009658145.STOXX50E Stoxx Limited www.stoxx.com As set out in Annex 2 for a Composite Index/ Multi-Exchange Index NL0011511167 EURO STOXX 50 EUR EU0009658145.STOXX50E Stoxx Limited www.stoxx.com As set out in Annex 2 for a Composite Index/ Multi-Exchange Index NL0011511175 EURO STOXX 50 EUR EU0009658145.STOXX50E Stoxx Limited www.stoxx.com As set out in Annex 2 for a Composite Index/ Multi-Exchange Index NL0011511183 EURO STOXX 50 EUR EU0009658145.STOXX50E Stoxx Limited www.stoxx.com As set out in Annex 2 for a Composite Index/ Multi-Exchange Index NL0011511191 EURO STOXX 50 EUR EU0009658145.STOXX50E Stoxx Limited www.stoxx.com As set out in Annex 2 for a Composite Index/ Multi-Exchange Index NL0011511209 EURO STOXX 50 EUR EU0009658145.STOXX50E Stoxx Limited www.stoxx.com As set out in Annex 2 for a Composite Index/ Multi-Exchange Index Index / 1 / 1 / 1 / 1 / 1 / 1 / 1 / 1 11 / 25

Series Number / ISIN Code Index Index Currency ISIN of Index Reuters Code of Index / Reuters Screen Page NL0011511217 S&P 500 USD US78378X1072.SPX S&P Dow Jones Indices LLC ("SPDJI") NL0011511225 S&P 500 USD US78378X1072.SPX S&P Dow Jones Indices LLC ("SPDJI") NL0011511233 S&P 500 USD US78378X1072.SPX S&P Dow Jones Indices LLC ("SPDJI") NL0011511241 S&P 500 USD US78378X1072.SPX S&P Dow Jones Indices LLC ("SPDJI") NL0011511258 S&P 500 USD US78378X1072.SPX S&P Dow Jones Indices LLC ("SPDJI") NL0011511266 S&P 500 USD US78378X1072.SPX S&P Dow Jones Indices LLC ("SPDJI") NL0011511274 S&P 500 USD US78378X1072.SPX S&P Dow Jones Indices LLC ("SPDJI") NL0011511282 S&P 500 USD US78378X1072.SPX S&P Dow Jones Indices LLC ("SPDJI") Index Sponsor Index Sponsor Website Exchange Exchange Website Exchange Rate http://eu.spindices.com http://eu.spindices.com http://eu.spindices.com http://eu.spindices.com http://eu.spindices.com http://eu.spindices.com http://eu.spindices.com http://eu.spindices.com As set out in Annex 2 for a Composite Index/ Multi-Exchange Index As set out in Annex 2 for a Composite Index/ Multi-Exchange Index As set out in Annex 2 for a Composite Index / Multi-Exchange Index As set out in Annex 2 for a Composite Index/ Multi-Exchange Index As set out in Annex 2 for a Composite Index/ Multi-Exchange Index As set out in Annex 2 for a Composite Index / Multi-Exchange Index As set out in Annex 2 for a Composite Index/ Multi-Exchange Index As set out in Annex 2 for a Composite Index / Multi-Exchange Index / EUR / USD / EUR / USD / EUR / USD / EUR / USD / EUR / USD / EUR / USD / EUR / USD / EUR / USD NL0011511290 S&P 500 USD US78378X1072.SPX S&P Dow Jones http://eu.spindices.com As set out in / EUR / USD 12 / 25

Series Number / ISIN Code Index Index Currency ISIN of Index Reuters Code of Index / Reuters Screen Page Index Sponsor Index Sponsor Website Exchange Exchange Website Exchange Rate Indices LLC ("SPDJI") NL0011511308 S&P 500 USD US78378X1072.SPX S&P Dow Jones Indices LLC ("SPDJI") NL0011511316 S&P 500 USD US78378X1072.SPX S&P Dow Jones Indices LLC ("SPDJI") NL0011511324 S&P 500 USD US78378X1072.SPX S&P Dow Jones Indices LLC ("SPDJI") http://eu.spindices.com http://eu.spindices.com http://eu.spindices.com NL0011511332 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511340 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511357 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511365 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511373 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511381 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511399 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. Annex 2 for a Composite Index/ Multi-Exchange Index As set out in Annex 2 for a Composite Index/ Multi-Exchange Index As set out in Annex 2 for a Composite Index/ Multi-Exchange Index As set out in Annex 2 for a Composite Index/ Multi-Exchange Index Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange / EUR / USD / EUR / USD / EUR / USD www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY 13 / 25

Series Number / ISIN Code Index Index Currency ISIN of Index Reuters Code of Index / Reuters Screen Page NL0011511407 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511415 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511423 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511431 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511449 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511456 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511464 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511472 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511480 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511498 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511506 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511514 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511522 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. Index Sponsor Index Sponsor Website Exchange Exchange Website Exchange Rate Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY 14 / 25

Series Number / ISIN Code Index Index Currency ISIN of Index Reuters Code of Index / Reuters Screen Page NL0011511530 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511548 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511555 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511563 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511571 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511589 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511597 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. NL0011511605 Nikkei 225 JPY JP9010C00002.N225 Nikkei Inc. and www.nikkei.com Nikkei Digital Media Inc. Index Sponsor Index Sponsor Website Exchange Exchange Website Exchange Rate Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange Tokyo Stock Exchange www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp www.tse.or.jp EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY EUR / JPY 15 / 25

GENERAL PROVISIONS The following terms apply to each series of Securities: 1. Issuer: BNP Paribas Arbitrage Issuance B.V. 2. Guarantor: BNP Paribas 3. Trade Date: Not applicable. 4. Issue Date: 23 October 2015. 5. Consolidation: Not applicable. 6. Type of Securities: (a) Certificates. (b) The Securities are Index Securities. Automatic Exercise applies on the Exercise Date. 7. Form of Securities: Italian Dematerialised Securities. The Exercise Date is as set out in "Specific Provisions for each Series" above, or if such day is not a Business Day, the immediately subsequent Business Day. The Exercise Date will be subject to the same adjustments provided for the Redemption Valuation Date. For the purposes of Borsa Italiana, the Exercise Date shall be deemed to be also the expiration date of the Securities. The Exercise Settlement Date is as set out in "Specific Provisions for each Series" above. The minimum number of Securities that may be exercised by the Holder is (1) one Securityand in excess thereof by multiples of (1) one Security. The provisions of Annex 2 (Additional Terms and Conditions for Index Securities) shall apply. 8. Business Day Centre(s): The applicable Business Day Centre for the purposes of the definition of "Business Day" in Condition 1 is TARGET2. 9. Settlement: Settlement will be by way of cash payment (Cash Settled Securities). 10. Rounding Convention for cash Settlement Amount: 11. Variation of Settlement: Issuer's option to vary settlement: Not applicable. 12. Final Payout: ETS Final Payout 2200/1. The Issuer does not have the option to vary settlement in respect of the Securities. Payout Switch: Aggregation: Call Securities or Put Securities. Not applicable. Not applicable. 13. Relevant Asset(s): Not applicable. 14. Entitlement: Not applicable. 15. Exchange Rate: The Exchange Rate on the Redemption Valuation Date equals one if the relevant Index Currency is the same as the Settlement Currency or otherwise the rate published by the European Central Bank (website: www.ecb.europa.eu) on the Screen Page ECB37 between the relevant Index Currency and the Settlement Currency as determined by the Calculation Agent by reference to such sources and at such time on the relevant day as the Calculation Agent may determine acting in good faith and in a commercially reasonable manner. 16 / 25

16. Settlement Currency: The settlement currency for the payment of the Cash Settlement Amount is Euro ("EUR"). 17. Syndication: The Securities will be distributed on a non-syndicated basis. 18. Minimum Trading Size: Not applicable. 19. Principal Security Agent: BNP Paribas Securities Services, Milan Branch. 20. Registrar: Not applicable. 21. Calculation Agent: BNP Paribas Arbitrage S.N.C. 160-162 boulevard MacDonald, 75019 Paris, France. 22. Governing law: English law. 23. Masse provisions (Condition 9.4): Not applicable. PRODUCT SPECIFIC PROVISIONS 24. Hybrid Securities: Not applicable. 25. Index Securities: Applicable. (a) Index/Basket of Indices/Index Sponsor(s): (b) Index Currency: See the Specific Provisions for each Series above. See the Specific Provisions for each Series above. (c) Exchange(s): (d) Related Exchange(s): (e) Exchange Business Day: (f) Scheduled Trading Day: (g) Weighting: (h) Settlement Price: (i) Specified Maximum Days of Disruption: (j) Valuation Time: (k) Delayed Redemption on Occurrence of an Index Adjustments Event: (l) Index Correction Period: See the Specific Provisions for each Series above. All Exchanges. Single Index Basis. Single Index Basis. Not applicable. - In respect of non Italian indices: Official closing level. - In respect of Italian indices managed by Borsa Italiana: Official opening level. Twenty (20) Scheduled Trading Days. - In respect of non Italian indices: Conditions apply. - In respect of Italian indices managed by Borsa Italiana: The time when the official opening level of the Underlying Index is determined by the Exchange. Not applicable. As per Conditions. (m) Additional provisions applicable to Custom Indices: (n) Additional provisions applicable to Futures Price Valuation: Not applicable. Not applicable. 26. Share Securities: Not applicable. 27. ETI Securities: Not applicable. 28. Debt Securities: Not applicable. 17 / 25

29. Commodity Securities: Not applicable. 30. Inflation Index Securities: Not applicable. 31. Currency Securities: Not applicable. 32. Fund Securities: Not applicable. 33. Futures Securities: Not applicable. 34. Credit Securities: Not applicable. 35. Underlying Interest Rate Securities: Not applicable. 36. Preference Share Certificates: Not applicable. 37. OET Certificates: Not applicable. 38. Additional Disruption Events: Applicable. Hedging Disruption does not apply to the Securities. 39. Optional Additional Disruption Events: 40. Knock-in Event: Not applicable. 41. Knock-out Event: Applicable. (a) The following Optional Additional Disruption Events apply to the Securities: Not applicable. (b) Delayed Redemption on Occurrence of an Additional Disruption Event and/or Optional Additional Disruption Event: Not applicable. In respect of Call Securities: "less than or equal to" the Knock-out Level. (a) SPS Knock-out Valuation: (b) Level: (c) Knock-out Level/Knockout Range Level: (d) Knock-out Period Beginning Date: (e) Knock-out Period Beginning Date Day Convention: (f) Knock-out Determination Period: (g) Knock-out Determination Day(s): (h) Knock-out Period Ending Date: (i) Knock-out Period Ending Date Day Convention: (j) Knock-out Valuation Time: (k) Knock-out Observation Price Source: (l) Disruption Consequences: In respect of Put Securities: "greater than or equal to" the Knock-out Level. Not applicable. Official level. See the Specific Provisions for each Series above. Listing Date. Applicable. The period beginning on (and including) the Knock-out Period Beginning Date and ending on (and including) the Knock-out Period Ending Date. Each Scheduled Trading Day in the Knock-out Determination Period. The Redemption Valuation Date. Applicable. Any time on a Knock-out Determination Day. Index Sponsor. Not applicable. PROVISIONS RELATING TO WARRANTS 42. Provisions relating to Warrants: Not applicable. 18 / 25

PROVISIONS RELATING TO CERTIFICATES 43. Provisions relating to Certificates: Applicable. (a) Notional Amount of each Certificate: (b) Partly Paid Certificates: (c) Interest: (d) Instalment Certificates: (e) Issuer Call Option: (f) Holder Put Option: (g) Automatic Early Redemption: (i) Automatic Early Redemption Event: (ii) Automatic Early Redemption Payout: (iii) Automatic Early Redemption Date(s): (iv) Observation Price Source: (v) Underlying Reference Level: (vi) Automatic Early Redemption Level: (vii) Automatic Early Redemption Percentage: (viii) Automatic Early Redemption Percentage Up: (ix) Automatic Early Redemption Percentage Down: (x) AER Rate: (xi) AER Exit Rate: (xii) Automatic Early Redemption Valuation Date(s): (h) Renouncement Notice Cut-off Time: (i) Strike Date: (j) Strike Price: (k) Redemption Valuation Date: (l) Averaging: (m) Observation Dates: Not applicable. The Certificates are not Partly Paid Certificates. Not applicable. The Certificates are not Instalment Certificates. Not applicable. Not applicable. Applicable. AER Knock-out: Knock-out Event. Automatic Early Redemption Payout 2200/1. Not applicable. Not applicable. Not applicable. Knock-out Level. Not applicable. Not applicable. Not applicable. Not applicable. Not applicable. AER Knock-out Date. - In respect of non Italian indices: 5.00 p.m. (Milan Time). - In respect of Italian indices managed by Borsa Italiana: 10.00 am (Milan Time). Not applicable. See the "Specific Provisions for each Series" above. The Exercise Date. Averaging does not apply to the Securities. Not applicable. 19 / 25

(n) Observation Period: Not applicable. (o) Settlement Business Day: Not applicable. (p) Cut-off Date: (q) Identification information of Holders as provided by Condition 29: Not applicable. Not applicable. DISTRIBUTION AND US SALES ELIGIBILITY 44. U.S. Selling Restrictions: Not applicable. 45. Additional U.S. Federal income tax consequences: Not applicable. 46. Registered broker/dealer: Not applicable. 47. TEFRA C or TEFRA Not Applicable: TEFRA Not Applicable. 48. Non exempt Offer: Not applicable PROVISIONS RELATING TO COLLATERAL AND SECURITY 49. Collateral Security Conditions: Not applicable. Responsibility The Issuer accepts responsibility for the information contained in these Final Terms. To the best of the knowledge of the Issuer (who has taken all reasonable care to ensure that such is the case), the information contained herein is in accordance with the facts and does not omit anything likely to affect the import of such information. Signed on behalf of BNP Paribas Arbitrage Issuance B.V. As Issuer: By:..Carlyne DERIEUX, Duly authorised 20 / 25

1. Listing and Admission to trading - De listing PART B - OTHER INFORMATION Application will be made to list the Securities on the Italian Stock Exchange and to admit the Securities described herein for trading on the electronic "Securitised Derivatives Market" (the "SeDeX"), organised and managed by Borsa Italiana S.p.A. 2. Ratings The Securities have not been rated. The rating of the Issuer is A+ from Standard and Poor's. The rating of the Guarantor is A1 from Moody's and A+ from Standard and Poor's. As defined by Moody's, an "A" rating means that the obligations of the Issuer and the Guarantor under the Programme are judged to be upper-medium grade and are subject to low credit risk. Moody's appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aaa through Caa. The modifier 1 indicates that the obligation ranks in the higher end of its generic rating category. As defined by Standard & Poor's, an obligation rated 'A' is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher-rated categories. However, the relevant Issuer and Guarantor's capacity to meet its financial commitment on the obligation is still strong. The addition of a plus (+) or minus (-) sign shows relative standing within the major rating category. Moody's and Standard & Poor's are established in the European Union and are registered under Regulation (EC) No. 1060/2009 (as amended). 3. Interests of Natural and Legal Persons Involved in the Issue Save as described above and discussed in "Risk Factors" in the Base Prospectus, so far as the Issuer is aware, no person involved in the offer of the Securities has an interest material to the offer. 4. Performance of Underlying/Formula/Other Variable and Other Information concerning the Underlying Reference See Base Prospectus for an explanation of effect on value of Investment and associated risks in investing in Securities. Information on each Index shall be available on the relevant Index Sponsor website as set out in "Specific Provisions for each Series" in Part A. Past and further performances of each Index are available on the relevant Index Sponsor website as set out in "Specific Provisions for each Series" in Part A and the volatility of each Index may be obtained from the Calculation Agent by emailing sp_eqd_italy@bnpparibas.com. The Issuer does not intend to provide post-issuance information. Index Disclaimer Neither the Issuer nor the Guarantor shall have any liability for any act or failure to act by an Index Sponsor in connection with the calculation, adjustment or maintenance of an Index. Except as disclosed prior to the Issue Date, neither the Issuer, the Guarantor nor their affiliates has any affiliation with or control over an Index or Index Sponsor or any control over the computation, composition or dissemination of an Index. Although the Calculation Agent will obtain information concerning an Index from publicly available sources it believes reliable, it will not independently verify this information. Accordingly, no representation, warranty or undertaking (express or implied) is made and no responsibility is accepted by the Issuer, the Guarantor, their affiliates or the Calculation Agent as to the accuracy, completeness and timeliness of information concerning an Index. DAX Index 21 / 25