2007 REGISTRATION DOCUMENT

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1 ShareholderTHE BNP PARIBAS GROUPinformationCREATING VALUE FOR SHAREHOLDERSTOTAL SHAREHOLDER RETURN (TSR)Calculation parameters:■ the dividend is assumed to have been reinvested in BNP shares thenBNP Paribas shares and includes the “avoir fiscal” tax credit at a rateof 50% (until it was abolished at the beginning of 2005);■returns are gross returns, i.e. before any tax payments or brokeragefees.Calculation results:< Contents >The following table indicates, for the various durations given and up to31 December 2007, the total return on a BNP share, then a BNP Paribasshare, as well as the effective annual rate of return.12Investment date Initial investment Effective annual rateHolding period(opening price)multiplied byof returnSince privatisation 10/18/1993 x 6.89 +14.55%14 years 01/03/ 1994 x 5.30 + 12.65%13 years 01/03/ 1995 x 6.06 +14.87%12 years 01/02/ 1996 x 6.58 +16.99%11 years 01/02/ 1997 x 7.05 +19.43%10 years 01/02/ 1998 x 4.25 +15.57%9 years 01/04 /1999 x 2.78 +12.06%Since inception of BNP Paribas 09/01/ 1999 X 2.72 +12.76%8 years 01/03/ 2000 x 2.15 +10.05%7 years 01/02/ 2001 x 2.04 +10.70%6 years 01/02/ 2002 x 1.85 +10.85%5 years 01/02/ 2003 x 2.29 +18.00%4 years 01/02/ 2004 x 1.74 +14.93%3 years 01/03/ 2005 x 1.56 +15.93%2 years 01/02/ 2006 x 1.17 +8.24%1 year 01/02/ 2007 x 0.92 -8.07%BNP Paribas uses two methods to measure the value created forshareholders, based on a long- to medium-term investment periodreflecting the length of time that the majority of individual investorshold their BNP Paribas shares.FIVE-YEAR COMPARISON OF AN INVESTMENTIN BNP PARIBAS SHARES WITH THE “LIVRET A”PASSBOOK SAVINGS ACCOUNT AND MEDIUM-TERM GOVERNMENT NOTESIn this calculation, we compare the creation of shareholder value overthe same period through investment in BNP then BNP Paribas shares,with two risk-free investments: the “Livret A” passbook savings accountoffered by the French savings bank network and medium-term Frenchgovernment notes (OATs).Total return on an investment in BNP Paribasshares:Initial investment = 1 share at the opening price on 2 January 2003 =EUR 39.41.Dividends reinvested.Exercise of pre-emptive rights to subscribe for shares at the time of theMarch 2006 share issue.Value at 31 December 2007: 1.2143 shares at EUR 74.22 = EUR 90.13.Investment of EUR 39.41 on 1 January 2003in a “Livret A” passbook accountAt the investment date, the official interest rate on Livret A accountswas 3%. The rate was decreased to 2.25% on 1 August 2003 and thento 2% on 1 August 2005. It was revised twice in 2006, on 1 February to2.25% and 1 August to 2.75%, and once in 2007, to 3% on 1 August. Asat 31 December 2007, the account balance was EUR 44.52, representinggrowth of EUR 5.11, barely more than 10% of the increase achievedby the BNP Paribas share – which gained EUR 50.72 over the sameperiod.The value created through an investment in BNP Paribas shares, reflectingthe additional risk involved, amounts to 90.13 – 44.52 = EUR 45.61 pershare over five years.34567891011202007 Registration document - BNP PARIBAS
THE BNP PARIBAS GROUPShareholder information 1Investment of EUR 39.41 on 1 January 2003in French government notesThe five-year interest rate (BTAN) on that date was 3.4719%; at the endof each subsequent year, interest income is reinvested in a similar noteunder the following terms:■ 3.3467% (BTAN) in January 2004 for 4 years;■ 2.7154% (BTAN) in January 2005 for 3 years;< Contents >■ 2.87199% (BTAN) in January 2006 for 2 years;■ 4.028% in January 2007 for 1 year (Euribor).At the end of five years, the accrued value of the investment is EUR 46.69,representing growth of EUR 7.28, less than 15% of the increase achievedby the BNP Paribas share.The additional value created by choosing BNP Paribas shares as theinvestment vehicle is therefore 90.13 - 46.69 = EUR 43.44 per shareover five years.12➤COMPARISON OF GROWTH IN INVESTMENTOF EUR 39.41 OVER 5 YEARS➤COMPARATIVE TOTAL YIELDS OVER 5 YEARSFOR AN INVESTMENT OF EUR 39.4134COMMUNICATION WITH SHAREHOLDERS5BNP Paribas endeavours to provide all shareholders with clear,consistent, high-quality information at regular intervals, in accordancewith best market practice and the recommendations of stock marketauthorities.The Investor Relations team informs institutional investors and financialanalysts, in France and abroad, of the Group’s strategies, major eventsconcerning the Group’s business and, of course, the Group’s results whichare published quarterly. In 2008, for example, the following dates havebeen set (1) :■ 20 February 2008: publication of the 2007 annual results;■ 14 May 2008: results for the first quarter of 2008;■ 6 August 2008: publication of the 2008 half-year results;■ 5 November 2008: results for the third quarter of 2008.Informative briefings are organised several times a year, when the annualand half-year results are released, or on specific topics, providing seniormanagement with an opportunity to present the BNP Paribas Group andits strategy. There is also a Relations Officer responsible for liaising withmanagers of ethical and socially responsible funds.The Individual Shareholder Relations Department informs and attendsto queries of the Group’s 601,000 or so individual shareholders (source:31 December 2007 TPI Survey). A half-yearly financial newsletter informsboth members of the “Cercle BNP Paribas” and other shareholdersof important events concerning the Group, and a summary of thematters discussed during the Annual General Meeting is sent outin July. During the year, senior management presents the Group’spolicy to individual shareholders at meetings organised in variousFrench cities and towns (for example, in 2007, meetings were held inGrenoble on 15 March, in Nantes on 25 September and in Toulouseon 2 October). Also, BNP Paribas representatives met and spoke withover 1,000 people at the “ACTIONARIA” shareholder fair held in Parison 16 and 17 November 2007.BNP Paribas’ Shareholders’ GuideThe BNP Paribas Shareholders’ Guide was designed to provideindividual shareholders with full details on the share’sperformance and the Bank’s achievements. Its main purpose isto give these investors a better idea and a deeper understandingof the economic environment and the markets in which BNPParibas operates. The Guide can be obtained on request fromthe Individual Shareholder Relations Department.678910(1) Subject to alteration at a later date.112007 Registration document - BNP PARIBAS 21
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8 DocumentsGENERAL INFORMATIONon di
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2007 REGISTRATION DOCUMENT

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