July 2019 FTSE Mondo Visione Exchanges Index Monthly Analysis

The FTSE Mondo Visione Exchanges Index is a comprehensive measure of all publicly traded stock exchanges and trading floors:

ASX Intercontinental Exchange SA Bolsa Mexicana de Valores SA Johannesburg Ltd Bolsa y Mercado Espanoles Stock Exchange Group BSE - of India Bursa de Valori Bucuresti SA Nairobi Securities Exchange Nasdaq NZX Ltd CME Group Philippine Stock Exchange Deutsche Bourse Ltd TMX Group Hellenic Exchanges SA Zagrebacka Burza dd Hong Kong Exchanges and Clearing Ltd

INDEX VALUE

Index Value 31/07/2019 58387.4 28/06/2019 57104.85 Closing all-time high - 11 July 2019 59714.84 Source: FTSE Group, data as at 31 July 2019

PERFORMANCE

Capital Return YTD (USD%) 18.2 1M (USD%) 2.2 12M (USD%) 18.7 Source: FTSE Group, data as at 31 July 2019

CONSTITUENT MARKET CAPITALISATION AND CAPITAL RETURN RANKED BY 1 MONTH PERFORMANCE (USD TERMS)

Constituent Name Country Net Market Cap 1M Performance YTD 12M (USDm) (%) Performance (%) Performance (%) Dubai Financial Market United Arab Emirates 416 33.9 18.7 -2.6 Group United Kingdom 25,390 16.2 56.8 40.7 B3 SA Brazil 22,153 14.7 62.1 77.1 TMX Group Limited Canada 4,098 7.1 44.1 16.2 ASX Australia 11,847 5.9 45.1 25.4 Cboe Global Markets USA 12,074 5.5 11.7 12.5 S.C. Bursa de Valori Bucuresti S.A. Romania 45 5.2 9.5 -7 NZX Lt d New Zealand 216 4.4 16 6.3 Moscow Exchange Russia 2,091 2.8 26.9 -11 Euronext France 5,406 2.5 35.1 24.9 Bulgarian Stock Exchange 10 2.4 -0.8 -14.9 Intercontinental Exchange USA 48,801 2.2 16.6 18.9 Nasdaq USA 11,135 0.2 18.1 5.4 CME Group USA 68,745 0.2 3.3 22.2 Philippine Stock Exchange Philippines 314 -0.4 7.9 -3.8 Deutsche Boerse Germany 25,783 -0.7 17.2 6.6 Hellenic Exchanges SA Greece 307 -1.1 30.4 3.9 Singapore Exchange Singapore 4,747 -1.1 10.3 5.9 Zagrebacka Burza dd Croatia 6 -1.4 - - Multi Commodity Exchange of India India 144 -1.9 12.3 -8 Bolsas y Mercados Espanoles Spain 1,811 -2.9 -14.4 -26.1 Bursa Malaysia Malaysia 846 -3.4 -1.2 -14.1 Hong Kong Exchanges & Clearing Hong Kong 42,688 -3.9 17.2 15 Japan Exchange Group Japan 7,908 -7.1 -8.9 -16.7 Nairobi Securities Exchange Kenya 28 -7.8 -21.5 -33.7 JSE South Africa 753 -8.8 -20.4 -27.8 Bolsa Mexicana de Valores SAB de CV Mexico 698 -11 -1 -11.6 Warsaw Stock Exchange Poland 271 -12.3 3.6 -4.5 BSE India 92 -16.8 -13.8 -36.1 Source: FTSE Group, data as at 31 July 2019

CONSTITUENT CAPITAL RETURNS RANKED BY 1 MONTH PERFORMANCE (LOCAL CURRENCY TERMS)

Constituent Name Country Currency 1M Performance YTD 12M (%) Performance (%) Performance (%) Dubai Financial Market United Arab Emirates AED 33.9 18.7 -2.6 London Stock Exchange Group United Kingdom PNC 20.8 63.1 50.7 B3 SA Brazil BRL 12.6 57.4 77.3 ASX Australia AUD 7.9 48.2 35.3 TMX Group Limited Canada CAD 7.6 38.6 17.2 S.C. Bursa de Valori Bucuresti S.A. Romania RON 7.6 14.3 0 NZX Lt d New Zealand NZD 6.2 17.8 9.7 Cboe Global Markets USA USD 5.5 11.7 12.5 Bulgarian Stock Exchange Bulgaria BGN 4.8 1.9 -10.6 Euronext France EUR 4.8 38.7 31.2 Moscow Exchange Russia RUB 3.3 16 -9.6 Intercontinental Exchange USA USD 2.2 16.6 18.9 Deutsche Boerse Germany EUR 1.5 20.3 12.1 Hellenic Exchanges SA Greece EUR 1.1 33.9 9.1 Zagrebacka Burza dd Croatia HRK 0.7 - - CME Group USA USD 0.2 3.3 22.2 Nasdaq USA USD 0.2 18.1 5.4 Singapore Exchange Singapore SGD 0 10.8 6.5 Bolsas y Mercados Espanoles Spain EUR -0.7 -12.1 -22.4 Philippine Stock Exchange Philippines PHP -1.1 4.4 -7.8 Multi Commodity Exchange of India India INR -2.2 10.7 -7.8 Bursa Malaysia Malaysia MYR -3.6 -1.3 -12.8 Hong Kong Exchanges & Clearing Hong Kong HKD -3.7 17.2 14.7 Nairobi Securities Exchange Kenya KES -6.1 -19.7 -31.3 Japan Exchange Group Japan JPY -6.4 -9.9 -19.2 JSE South Africa ZAR -8.3 -21.5 -21.9 Warsaw Stock Exchange Poland PLN -9.4 6.1 0.5 Bolsa Mexicana de Valores SAB de CV Mexico M XN -12 -4.6 -10 BSE India INR -17.1 -15.1 -35.9 Source: FTSE Group, data as at 31 July 2019

1 YEAR PERFORMANCE CHART OF THE FTSE MONDO VISIONE EXCHANGES INDEX (USD CAPITAL RETURN)

62,000 24 Dec 2018: Euronext has approached 26 Feb 2019: Oslo Børs VPS Holding ASA to seek its 27 May 2019: ASX Limited(ASX) has entered Nasdaq AB, an indirect subsidiary of support for a €625m cash tender offer for 60,000 into an underwriting agreement Nasdaq, Inc. ( Na s d a q : NDA Q) , has all the outstanding shares of Oslo Børs VPS. to sell its 18.6% shareholding in decided to withdraw its offer (the IRESS Limited(IRESS) (Sale). The “Offer”) to acquire all of the issued shares of Oslo Børs VPS Holding 58,000 Sale has been fully underwritten at a fixed price of $11.95 per share ASA and is expected to realise gross 14 2018: Nasdaq to 26 Jul 2019: Thomson acquire Cinnober to proceeds of $385 million. 56,000 02 Nov 2018: CME Group Reuters (TSX/NYSE: strenghen its position as Inc completes NEX TRI) confirms that it and one of the world's leading 30 Apr 2019: New closing high private equity funds market infrastructure Group plc acquisition affiliated with Blackstone 54,000 technology providers are in discussions related to a possible acquisition of Refinitiv by the 52,000 London Stock Exchange Group plc

Index Value Index ( LSEG) for a total enterprise value of 50,000 31 May 2019: Euronext, the leading pan- approximately US$27 European exchange, announces billion. today that it has completed its 48,000 30 Jan 2019: Nasdaq AB confirmatory due diligence on Oslo announced today that it will Børs VPS and declares its offer make a public offer to acquire all of the issued 46,000 9 Apr 2019: Deutsche Börse to acquire 14 Aug 2018: Euronext shares of Oslo Børs VPS A xiomafor USD 850 million and combine announces acquisition of Holding A SA at NOK 152 it with its index businesses (STOXX and DAX) approximately 8% of per share 44,000 additional interest in valued at EUR 2.6 billion into a new company FastMatch. 28 Mar 2019: Zagreb 42,000 Stock Exchange was added 16 Oct 2018: The Commision issued a 27 Jun 2019: Singapore Exchange (SGX) today to the FTSE Mondo Visione decision in a challenge to rule changes of announced a new organisation structure that Exchange Index two national securities exchanges, NY S E capitalises on its strength as an international multi- 40,000 Arca, Inc. and Nasdaq asset exchange, to pursue growth opportunities LLC, concerning certain market data fees and build scale in multiple asset classes. but the challenges were remanded 38,000

Source: FTSE Group, data as at 31 Jul 2019

(“FTSE”) 2019. All rights reserved. FTSE International Limited (“FTSE”) © FTSE [year]. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in and to the FTSE Mondo Visione Exchanges Index vest in FTSE. All information is provided for information purposes only. No responsibility or liability is accepted by FTSE for any errors, loss or liability arising from the use of this publication. Distribution of FTSE index values and the use of the FTSE indices to create financial products require a licence from FTSE.