2007 REGISTRATION DOCUMENT

5 NotesCONSOLIDATED FINANCIAL STATEMENTSto the financial s tatements p repared in accordance with I nternational Financial Reporting S tandards as adopted by the European Union< Contents >Expense for the yearThe expense recognised in the year to 31 December 2007 in respect of all the plans granted amounted to EUR 107 million (EUR 90 million in the yearto 31 December 2006).2007 2006In millions of eurosStock option plans Share award plans Other plans Total expense Total expenseLoyalty schemes - - 19 19 32Global Share-Based Incentive Plan 44 44 - 88 58TOTAL 44 44 19 107 9012Description of the plansThe tables below give details of the characteristics and terms of all unexpired plans at 31 December 2007:➤STOCK SUBSCRIPTION OPTION PLANSCharacteristics of the planNumberof optionsgrantedStart dateof exerciseperiodAdjustedexercise price(in euros) (5)Options outstanding at end ofperiodRemaining perioduntil expiry ofoptions (years)Date of Number ofOptionNumber ofOriginating company grant granteesexpiry dateoptionsBNP (1) (5) 05/13 /1998 259 2,074,000 05/14 /2003 05/13 /2008 36.95 207,476 1BNP (1) (5) 05/03 /1999 112 670,000 05/04 /2004 05/03 /2009 37.31 65,386 2BNL (6) 09/13 /1999 137 614,763 09/13 /2001 09/13 /2011 82.05 443,822 4BNP (1) (4) (5) 12/22 /1999 642 5,064,000 12/23 /2004 12/22 /2009 44.77 1,600,183 2BNP (1) (4) (5) 04/07 /2000 1,214 1,754,200 04/08 /2005 04/07 /2010 42.13 374,809 3BNL (6) 10/20 /2000 161 504,926 10/20 /2003 10/20 /2013 103.55 485,185 6BNP Paribas SA (1) (2) (5) 05/15 /2001 932 6,069,000 05/15 /2005 05/14 /2011 48.57 3,009,046 4BNL (6) 10/26 /2001 153 479,685 10/26 /2004 10/26 /2012 63.45 2,074 5BNL (6) 10/26 /2001 223 573,250 10/26 /2004 10/26 /2014 63.45 4,740 7BNP Paribas SA (2) (5) 05/31 /2002 1,384 2,158,570 05/31 /2006 05/30 /2012 59.48 1,084,342 5BNP Paribas SA (3) (5) 03/21 /2003 1,302 6,693,000 03/21 /2007 03/20 /2013 36.78 3,812,936 6BNP Paribas SA (3) (5) 03/24 /2004 1,458 1,779,850 03/24 /2008 03/21 /2014 49.36 1,603,314 7BNP Paribas SA (3) (5) 03/25 /2005 2,380 4,332,550 03/25 /2009 03/22 /2013 54.62 4,186,385 6BNP Paribas SA (3) 04/05 /2006 2,583 3,894,770 04/06 /2010 04/04/2014 75.25 3,766,865 7BNP Paribas SA (3) 03/08 /2007 2,023 3,630,165 03/08 /2011 03/06 /2015 82.70 3,602,090 8BNP Paribas SA (3) 04/06 /2007 219 405,680 04/06 /2001 04/03 /2015 78.50 399,630 8TOTAL OPTIONS OUTSTANDING AT END OF PERIOD 24,648,283(1)The number of options and the exercise price have been adjusted for the two-for-one BNP Paribas share split that took place on 20 February 2002.(2)These options were subject to vesting conditions related to the financial performance of the Group as measured by the ratio of net income to average shareholders’equity for the year in question. The minimum requirement is an average ratio of 16% over four years starting in the year of grant, or alternatively over three rollingyears starting in the second year after the year of grant. This condition has been met for the plans concerned.(3)The plan is subject to vesting conditions under which a proportion of the options granted to employees is conditional upon the performance of the BNP Paribasshare relative to the Dow Jones Euro Stoxx Bank index during the applicable holding period.Based on this relative performance condition, the adjusted exercise price for these options has been set at:- EUR 38.62 for 600,526 options under the 21 March 2003 plan, outstanding at the year-end.- EUR 51.83 for 1,514 options under the 24 March 2004 plan, outstanding at the year-end.(4)Plans granted to employees of the two pre-merger groups, BNP and Paribas. The options vested only in the event that no payments were due in respect of theContingent Value Rights Certificates attached to the shares issued at the time of the merger. This condition has been met for the two plans concerned.(5)The exercise prices for options granted under plans prior to 31 March 2006, as well as the number of options outstanding at that date have been adjusted inaccordance with the applicable regulations in order to take into account the issue of a preferential subscription right on 7 March 2006.(6)Following the merger between BNL and BNP Paribas on 1 October 2007, stock option plans granted by BNL between 1999 and 2001 entitle beneficiaries tosubscribe to BNP Paribas shares as of the date of the merger. Beneficiaries may subscribe to the shares based on a ratio of 1 BNP Paribas share for 27 BNL shares.The exercise price has been adjusted in line with this ratio.345678910111722007 Registration document - BNP PARIBAS