ISTOXX® EUROPE VALUE FACTOR INDEX

Components1

Company Supersector Country Weight (%) ROCHE HLDG P Health Care Switzerland 4.21 NOVARTIS Health Care Switzerland 3.39 GLAXOSMITHKLINE Health Care Great Britain 2.58 NESTLE Food & Beverage Switzerland 2.35 RIO TINTO Basic Resources Great Britain 2.22 BRITISH AMERICAN TOBACCO Personal & Household Goods Great Britain 2.19 AHOLD DELHAIZE Retail Netherlands 1.87 DANONE Food & Beverage 1.86 UBS GROUP Financial Services Switzerland 1.78 IMPERIAL BRANDS Personal & Household Goods Great Britain 1.77 ROYAL MAIL Industrial Goods & Services Great Britain 1.75 MORPHOSYS Health Care 1.71 FRESENIUS MEDICAL CARE Health Care Germany 1.71 DUFRY GRP Retail Switzerland 1.71 ORANGE Telecommunications France 1.71 ALTICE EUROPE NV A Telecommunications Netherlands 1.69 VOLKSWAGEN PREF Automobiles & Parts Germany 1.68 GALAPAGOS Health Care 1.65 FRESENIUS Health Care Germany 1.61 Essity B Personal & Household Goods Sweden 1.59 ENGIE Utilities France 1.59 NOKIA Technology Finland 1.55 SWISS PRIME SITE Real Estate Switzerland 1.54 ATOS Technology France 1.50 MASMOVIL IBERCOM Technology Spain 1.49 PANDORA Personal & Household Goods Denmark 1.46 ENAGAS Oil & Gas Spain 1.45 AEGON Insurance Netherlands 1.44 KGHM Basic Resources 1.44 VOPAK Industrial Goods & Services Netherlands 1.42 EIFFAGE & Materials France 1.41 EXOR NV Financial Services Italy 1.38 UNILEVER NV Personal & Household Goods Netherlands 1.35 FRONTLINE Industrial Goods & Services Norway 1.32 KLEPIERRE Real Estate France 1.32 EVRAZ Basic Resources Great Britain 1.28 LLOYDS BANKING GRP Great Britain 1.26 DIALOG SEMICON Technology Germany 1.25 UNIBAIL-RODAMCO-WESTFIELD Real Estate France 1.24 GALENICA SANTE AG Retail Switzerland 1.22 IWG PLC Industrial Goods & Services Great Britain 1.21 FLOW TRADERS Financial Services Netherlands 1.20 SAIPEM Oil & Gas Italy 1.15 AVAST PLC Technology Great Britain 1.09 Construction & Materials Germany 1.02 EDF Utilities France 1.01 TELEFONICA Telecommunications Spain 0.93 HEINEKEN HLDG Food & Beverage Netherlands 0.85 Health Care France 0.84 RAIFFEISEN INTERNATIONAL Banks Austria 0.80 EURONAV Industrial Goods & Services Belgium 0.76 JERONIMO MARTINS Retail Portugal 0.72 KAZ MINERALS PLC Basic Resources Great Britain 0.71 LOOMIS Industrial Goods & Services Sweden 0.70 ICA GRUPPEN Retail Sweden 0.69 MORRISON (WILLIAM) SUPERMARK Retail Great Britain 0.66 GRIEG SEAFOOD Food & Beverage Norway 0.65 Industrial Goods & Services Germany 0.64 ANDRITZ Industrial Goods & Services Austria 0.64 JYSKE BANK Banks Denmark 0.62 Industrial Goods & Services Great Britain 0.60 ITALGAS Utilities Italy 0.56 DS SMITH Industrial Goods & Services Great Britain 0.52 X TRADE BROKERS DM Financial Services Poland 0.51 WIHLBORGS FASTIGHETER Real Estate Sweden 0.47 SAP Technology Germany 0.45 A.P.MOLLER-MAERSK B Industrial Goods & Services Denmark 0.44 QINETIQ GRP Industrial Goods & Services Great Britain 0.41 TIETOEVRY Technology Finland 0.40 Real Estate France 0.40 MICRO FOCUS INTERNATIONAL Technology Great Britain 0.39 Real Estate Germany 0.37

1 Based on the last periodic review implementation

ISTOXX® EUROPE VALUE FACTOR INDEX

Components1

Company Supersector Country Weight (%) SACYR Construction & Materials Spain 0.37 Basic Resources Great Britain 0.34 CHRISTIAN DIOR Personal & Household Goods France 0.33 COMMUNICATION Media France 0.33 Financial Services France 0.32 DRAX GRP Utilities Great Britain 0.29 AVANCE GAS Industrial Goods & Services Norway 0.27 BIC Personal & Household Goods France 0.27 Real Estate France 0.27 TOKMANNI Retail Finland 0.26 REIT Real Estate France 0.26 Real Estate France 0.26 BOLIDEN Basic Resources Sweden 0.25 GROUP Technology France 0.24 NEXANS Industrial Goods & Services France 0.24 GLANBIA Food & Beverage Ireland 0.24 SUEDZUCKER Food & Beverage Germany 0.24 ASTRAZENECA Health Care Great Britain 0.24 SYDBANK Banks Denmark 0.23 ARCADIS Industrial Goods & Services Netherlands 0.23 AUSTEVOLL SEAFOOD Food & Beverage Norway 0.23 DIOS FASTIGHETER Real Estate Sweden 0.23 FAGRON Health Care Belgium 0.23 SCANDINAVIAN TOBACCO GROUP Personal & Household Goods Denmark 0.22 NOBIA Personal & Household Goods Sweden 0.22 CCC SA Retail Poland 0.22 DEUTSCHE EUROSHOP Real Estate Germany 0.22 ONTEX GROUP Personal & Household Goods Belgium 0.21 SAINSBURY (J) Retail Great Britain 0.21 LOGISTA Industrial Goods & Services Spain 0.20 CAP GEMINI Technology France 0.20 KLOECKNER & CO Basic Resources Germany 0.19 ASML HLDG Technology Netherlands 0.19 Applus Services Industrial Goods & Services Spain 0.19 TAURON Utilities Poland 0.18

1 Based on the last periodic review implementation