Regulations already in place for this:

Ÿ “The remuneration policy shall contribute to the company’s business strategy and long-term interests and sustainability and shall explain how it does so” (European Directive Article 9a, of the May 17, 2017).

Ÿ “Companies are permitted to present non-GAAP performance measures on a per-share basis, such as adjusted EPS (Adjusted earnings per share), but they are prohibited from presenting non-GAAP measures of liquidity or cash flow, such as free cash flow, on a “per-share basis” (SEC non-GAAP Financial Measures of April 4, 2018)”.

1

Current average workforce

(a)

266,637

2

Current average net income (group share) (b)

(b)

$32,987,600,000

3

Current contribution per employee to average net income (Group share)

(b)/(a)

$123,717

4

Estimated Absolute VaR (EL + UL) = Gross loss = loss before recoveries (BCBS, Dec. 2017)

$5,989,893,139

5

Potentially Recoverable Losses (PRL) or recovery = Absolute VaR - Risk Appetite Threshold (Net loss) calibrated at 0.02% for 99.98% PRL

$5,988,695,160

3-year plan to recover historical absolute VaR losses (UL + EL) of the last five years based on the risk appetite threshold

N: 30%

N + 1: 60%

N + 2: 100%

6

Free Gross Cash Flow per employee at the new risk appetite threshold on a 3-year plan

$6738

$13,476

$22,460

7

Economic Capital or Net Cash Surplus of its loss control system on a 3-year plan for 67% of PRL

$4,012,425,757

8

Variable salaries or Incentivized Pay (Earnings bonus for employees mobilized by the cross-cutting dynamics of the organization on a 3-year plan for 33% of PRLs)

$1,976,269,403

9

SOX ratio of the capital structure (Economic Capital/Variable Salary or Incentivized Pay) securing investments and the predictability of variable salaries over a 3-year plan

2.03

10

Fixed salary future financial performance measurement data for salary negotiations in year N or 1st year of the plan [Average of the last five years in millions in accordance with the logical historical basis of the new standardized approach to operational risk (Basel Committee on Banking Supervision, 2019) ].

$36,614,400,000