FINAL TERMS DATED 2 JANUARY BNP Paribas Arbitrage Issuance B.V. (incorporated in The Netherlands) (as Issuer)

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1 FINAL TERMS DATED 2 JANUARY 2014 BNP Paribas Arbitrage Issuance B.V. (incorporated in The Netherlands) (as Issuer) BNP Paribas (incorporated in France) (as Guarantor) (Note, Warrant and Certificate Programme) Up to 20,000 EUR "Athena Worst-of Quanto" Certificates relating to 5 Indices due 11 March 2019 ISIN Code: FI BNP Paribas Arbitrage S.N.C. (as Manager) The Securities are offered to the public in Finland from 2 January 2014 to 7 February 2014 Any person making or intending to make an offer of the Securities may only do so: (i) in those Public Offer Jurisdictions mentioned in Paragraph 46 of Part A below, provided such person is of a kind specified in that paragraph and that the offer is made during the Offer Period specified in that paragraph; or (ii) otherwise in circumstances in which no obligation arises for the Issuer or any Manager to publish a prospectus pursuant to Article 3 of the Prospectus Directive or to supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer. Neither the Issuer norany Manager has authorised, nor do they authorise, the making of any offer of Securities in any other circumstances. The expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State) and includes any relevant implementing measure in the Relevant Member State and the expression "2010 PD Amending Directive" means Directive 2010/73/EU. Investors should note that if a supplement to or an updated version of the Base Prospectus referred to below is published at any time during the Offer Period (as defined below), such supplement or updated base prospectus, as the case may be, will be published and made available in accordance with the arrangements applied to the original publication of these Final Terms. Any investors who have indicated acceptances of the Offer (as defined below) prior to the date of publication of such supplement or updated version of the Base Prospectus, as the case may be, (the "Publication Date") have the right within two working days of the Publication Date to withdraw their acceptances. PART A CONTRACTUAL TERMS Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base Prospectus dated 3 June 2013, each Supplement to the Base Prospectus published and approved on or before the

2 date of these Final Terms (copies of which are available as described below) and any other Supplement to the Base Prospectus which may have been published and approved before the issue of any additional amount of Securities (the "Supplements") (provided that to the extent any such Supplement (i) is published and approved after the date of these Final Terms and (ii) provide for any change to the Conditions of the Securities such changes shall have no effect with respect to the Conditions of the Securities to which these Final Terms relate) which together constitute a base prospectus for the purposes of Directive 2003/71/EC (the "Prospectus Directive") (the "Base Prospectus ). This document constitutes the Final Terms of the Securities described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Base Prospectus. Full information on BNP Paribas Arbitrage Issuance B.V. (the "Issuer") BNP Paribas (the "Guarantor") and the offer of the Securities is only available on the basis of the combination of these Final Terms and the Base Prospectus. A summary of the Securities (which comprises the Summary in the Base Prospectus as amended to reflect the provisions of these Final Terms) is annexed to these Final Terms. The Base Prospectus and any Supplement(s) to the Base Prospectus and these Final Terms are available for viewing and copies may be obtained free of charge at the specified offices of the Security Agents. The Base Prospectus and the Supplements will also be available on the AMF website References herein to numbered Conditions are to the terms and conditions of the relevant series of Securities and words and expressions defined in such terms and conditions shall bear the same meaning in these Final Terms in so far as they relate to such series of Securities, save as where otherwise expressly provided. These Final Terms relate to the series of Securities as set out in "Specific Provisions for each Series" below. References herein to "Securities" shall be deemed to be references to the relevant Securities that are the subject of these Final Terms and references to "Security" shall be construed accordingly. SPECIFIC PROVISIONS FOR EACH SERIES Series Number No. of Securities issued No. of Securities ISIN Code Common Code Issue Price per Security Redemption Date CE0764JON Up to 20,000 Up to 20,000 FI Not applicable 100% 11 March 2019 GENERAL PROVISIONS The following terms apply to each series of Securities: 1. Issuer: BNP Paribas Arbitrage Issuance B.V. 2. Guarantor: BNP Paribas 3. Trade Date: 20 February Issue Date: 11 March Consolidation: 6. Type of Securities: (a) Certificates (b) The Securities are Index Securities. The Certificates are Athena Worst-of Quanto Certificates. 7. Form of Securities: Finnish Dematerialised Securities. The provisions of Annex 2 (Additional Terms and Conditions for Index Securities) shall apply. 8. Business Day Centre(s): The applicable Business Day Centre for the purposes of the definition of

3 "Business Day" in Condition 1 is TARGET2. 9. Settlement: Settlement will be by way of cash payment (Cash Settled Securities). 10. Rounding Convention for Cash Settlement Amount 11. Variation of Settlement: (a) Issuer's option to vary settlement: 12. Final Payout: Autocall Standard Securities The Issuer does not have the option to vary settlement in respect of the Securities. Notional Amount multiplied by : (A) If FR Barrier Value is greater than or equal to the Final Redemption Condition Level: 100% + FR Exit Rate (B) If FR Barrier Value is less than the Final Redemption Condition Level and no Knock-in Event has occurred: 100% + Coupon Airbag Percentage (C) If FR Barrier Value is less than the Final Redemption Condition Level and a Knock-in Event has occurred: Min (100%, Final Redemption Value) FR Exit Rate: FR Athena Up Rate FR Athena Up Rate: Max FR Floor Percentage, FR Gearing (FR Value - FR StrikePercentage FR Spread) FR Constant Percentage WITH: Cap: Not applicable FR Floor Percentage: 5x[XX]% where XX means a rate expected to be about 11 per cent. but which will not be less than 8 per cent. as determined by the Issuer on 20 February 2014 after the end of the Offer Period. Notice of the rate will be published in the same manner as the publication of these Final Terms and be available by accessing the following link : FR Gearing: 100% FR Strike Percentage: 100% FR Spread: 0% FR Constant Percentage: 0% FR Value: Basket Value Strike Price Closing Value: Applicable Underlying Reference: as set out in 24(a) Coupon Airbag Percentage: 0% Final Redemption Condition Level: 75%.

4 Basket Value means, in respect of a SPS Valuation Date, the sum of the values calculated for each Underlying Reference in the Basket as (a) the Underlying Reference Value for such Underlying Reference in respect of such SPS Valuation Date multiplied by (b) the relevant Underlying Reference Weighting; Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price; Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day; Where : Underlying Reference Weighting: as set out in 24(a); Basket: as set out in 24(a) SPS Valuation Date, SPS FR Valuation Date means the Redemption Valuation Date. Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date. In respect of the Strike Date : Underlying Reference Closing Price Value means in respect of a SPS Valuation Date, the Closing Level in respect of such day ; SPS Valuation Date means the Strike Date. Strike Date : 25 February Final Redemption Value: Worst Value Basket: as set out in 24(a); Strike Price Closing Value: Applicable. Worst Value: means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date. Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price. Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day; SPS Valuation Date, SPS Redemption Valuation Date means the Redemption Valuation Date; Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date.

5 In respect of the Strike Date : Underlying Reference Closing Price Value means in respect of a SPS Valuation Date, the Closing Level in respect of such day ; SPS Valuation Date means the Strike Date. Strike Date : 25 February FR Barrier Value: Worst Value Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date. Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price. Underlying Reference Closing Price Value means in respect of a SPS Valuation Date, the Closing Level in respect of such day ; Where : SPS Valuation Date, SPS FR Barrier Valuation Date means the Redemption Valuation Date. Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date. Strike Price Closing Value: Applicable; In respect of the Strike Date : Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day ; SPS Valuation Date means the Strike Date. Strike Date: 25 February Basket: as set out in 24(a). 13. Relevant Asset(s): 14. Entitlement: 15. Exchange Rate: 16. Settlement Currency: The settlement currency for payment of the Cash Settlement Amount is Euro ("EUR). 17. Syndication: The Securities will be distributed on a non-syndicated basis. 18 Minimum Trading Size:

6 19. Principal Security Agent: The Finnish Security Agent as indicated in PART-B Registrar: 21. Calculation Agent: BNP Paribas Arbitrage S.N.C boulevard MacDonald, Paris, France. 22. Governing law: English law. 23. Masse provisions (Condition 9.4): PRODUCT SPECIFIC PROVISIONS 24. Index Securities: (a) Index/Basket of Indices/Index Sponsor(s): The Certificates relate to an equally weighted basket of 5 Indices (each an "Underlying Reference k " and together the "Basket of Indices"), as described in the table below. The EURO STOXX 50 Index is a Composite Index. For the purposes of the Conditions each Underlying Reference k shall be deemed an Index. k Index Name Index Sponsor Bloomberg Code Underlying Reference k Index Currency Underlying Reference Weighting (W k ) Exchange 1 EURO STOXX 50 Index STOXX Limited SX5E EUR 20% As set out in annex 1 for a Composite Index 2 Hang Seng Index Hang Seng Indices Company Limited & Hang Seng Data Services Limited HSI HKD 20% Hong Kong Stock Exchange 20% 3 OMXS 30 TM Index NASDAQ OMX Group Inc. OMX SEK NASDAQ OMX Stockholm 4 Russian Depositary Receipts Index EUR Wiener Boerse A.G. RDX EUR 20% London Stock Exchange 5 Taiwan Taiex Index Taiwan Stock Exchange (TWSE) TWSE TWD 20% Taiwan Stock Exchange (b) Index Currency: See table above.

7 (c) Exchange(s): See table above. (d) Related Exchange(s): (e) Exchange Business Day: (f) Scheduled Trading Day: (g) Weighting: (h) Settlement Price: (i) Disrupted Day: (j) Specified Maximum Days of Disruption: (k) Valuation Time: (l) Delayed Redemption on Occurrence of an Index Adjustments Event: (m) Index Correction Period: All Exchanges. Per Index Basis Per Index Basis The weighting to be applied to each item comprising the Basket of Indices to ascertain the Settlement Price is 1/5. Each such Weighting shall be subject to adjustment in accordance with Annex 2. As per Conditions. Eight (8) Scheduled Trading Days. Conditions apply. As per Conditions. (n) Other terms or special conditions: (o) Additional provisions applicable to Custom Indices: (p) Additional provisions applicable to Futures Price Valuation: 25. Share Securities: 26. ETI Securities: 27. Debt Securities: 28. Commodity Securities: 29. Inflation Index Securities: 30. Currency Securities: 31. Fund Securities: 32. Futures Securities: 33. Credit Securities: 34. Underlying Interest Rate Securities: 35. Preference Share Certificates: 36. OET Certificates: 37. Additional Disruption Events Applicable.

8 38. Optional Additional Disruption Events: (a) The following Optional Additional Disruption Events apply to the Securities: Not aplicable. 39. Knock-in Event: Applicable. (b) Delayed Redemption on Occurrence of an Additional Disruption Event and/or Optional Additional Disruption Event: If the Knock-in Value is less than the Knock-in Level on the Knock-in Determination Day (i) SPS Knock-in Valuation Applicable. Knock-in Value: Worst Value; Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date. Underlying Reference: as set out in 24(a) Basket: As set out in 24(a). Underlying Reference Value: means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price. Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day; SPS Valuation Date means the relevant Knock-in Determination Day; Where Strike Price Closing Value : applicable; Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date; In respect of the Strike Date : Underlying Reference Closing Price Value means in respect of a SPS Valuation Date, the Closing Level in respect of such day ; Where: SPS Valuation Date means the Strike Date. Strike Date means 25 February (ii) Level: (iii) Knock-in Level (iv) Knock-in 60 per cent. Period

9 Beginning Date: (v) Knock-in Period Beginning Date Day Convention: (vi) Knock-in Determination Period: (vii) Knock-in Determination Day(s): (viii) Knock-in Period Ending Date: (ix) Knock-in Period Ending Date Day Convention: (x) Knock-in Time: Valuation (xi) Knock-in Observation Price Source: (xii) Disruption Consequences: The Redemption Valuation Date. The Exchange as set out in 24 (a) Not applicable 40. Knock- out Event: PROVISIONS RELATING TO WARRANTS 41. Provisions relating to Warrants: PROVISIONS RELATING TO CERTIFICATES 42. Provisions relating to Certificates: Applicable. (a) Notional Amount of each Certificate: (b) Partly Paid Certificates: (c) Interest: (d) Fixed Rate Provisions: (e) Floating Rate Provisions: EUR 1,000 The Certificates are not Partly Paid Certificates. (f) Linked Interest Certificates: (g) Payment of Premium Amount(s): (h) Index Linked Interest Certificates: (i) Share Linked Interest Certificates: (j) ETI Linked Interest Certificates: (k) Debt Linked Interest

10 Certificates: (l) Commodity Linked Interest Certificates: (m) Inflation Index Linked Interest Certificates: (n) Currency Linked Interest Certificates: (o) Fund Linked Interest Certificates: (p) Futures Linked Interest Certificates: (q) Underlying Interest Rate Linked Interest Provisions: (r) Instalment Certificates: (s) Issuer Call Option: (t) Holder Put Option: (u) Automatic Early Redemption: The Certificates are not Instalment Certificates. Standard Automatic Early Redemption : Applicable. (i) Automatic Early Redemption Event: If on any Automatic Early Redemption Valuation Date the SPS AER Value is greater than or equal to the Automatic Early Redemption Level. (ii) Automatic Early Redemption Payout: SPS Automatic Early Redemption Payout: Notional Amount x (AER Redemption Percentage + AER Exit Rate) AER Redemption Percentage : 100% AER Exit Rate: AER Athena Up Rate AER Athena Up Rate: As set out in 42 (r) (x) (iii) Automatic Early As set out in 42 (r) (xi) Redemption Dates: (iv) Observation Price Source: (v) Underlying Reference Level: SPS AER Valuation: Applicable; SPS AER Value: Worst Value; Worst Value: means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date; Strike Price Closing Value: is applicable; Basket: as set out in 24 (a);

11 Underlying Reference: as set out in 24(a); Underlying Reference Value: means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price; Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day; SPS Valuation Dates are Automatic Early Redemption Valuation Date; Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date; In respect of the Strike Date : Underlying Reference Closing Price Value means in respect of a SPS Valuation Date, the Closing Level in respect of such day ; Where: SPS Valuation Date means the Strike Date. Strike Date means 25 February (vi) Automatic Early As set out in 42 (r) (xi) Redemption Level: (vii) Automatic Early Redemption Percentage: (viii) Automatic Early Redemption Percentage Up: (ix) Automatic Early Redemption Down: (x) AER Exit Rate: AER Athena Up Rate: ER Floor Percentage (i), ER Gearing Max ER Value (i) - ER Strike Percentage ER Constant Percentage (i) (i) (i) x ER Spread (i) Cap: Not applicable ER Floor Percentage: means :

12 1 x [XX]% (i=1) 2 x [XX]% (i=2) 2 x [XX]% (i=3) 4 x [XX]% (i=4) where XX means a rate expected to be 11 but not less than 8 per cent. as determined by the Issuer on 20 February 2014 after the end of the Offer Period. Notice of the rate will be published in the same manner as the publication of these Final Terms and be available by accessing the following link : i" means the relevant SPS Valuation Date SPS Valuation Date, SPS ER Valuation Date means each Automatic Early Redemption Valuation Date ER Gearing: 100% ER Spread: 0% ER Strike Percentage: 100% ER Constant Percentage: 0% ER Value: Basket Value Strike Price Closing Value: Applicable Basket: as set out in 24 Underlying Reference: as set out in 24 Underlying Reference Weighing: as set out in 24 Basket Value means, in respect of a SPS Valuation Date, the sum of the values calculated for each Underlying Reference in the Basket as (a) the Underlying Reference Value for such Underlying Reference in respect of such SPS Valuation Date multiplied by (b) the relevant Underlying Reference Weighting; Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price. Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day. Where : SPS Valuation Date means each Automatic Early Redemption Valuation Date;

13 Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date. In respect of the Strike Date : Underlying Reference Closing Price Value means in respect of a SPS Valuation Date, the Closing Level in respect of such day ; Where: SPS Valuation Date means the Strike Date. Strike Date means 25 February (xi) Automatic Early Redemption As set out in the table below Valuation Date(s): i Automatic Early Redemption Valuation Date i Automatic Redemption Date i Early Automatic Early Redemption Level i 1 25 February March % 2 25 February March % 3 1 March March % 4 26 February March % (v) Renouncement Notice Cutoff Time: (w) Strike Date: 25 February 2014 (x) Strike Price: (y) Redemption Valuation Date: 25 February 2019 (z) Averaging: (aa) Observation Dates: (bb) Observation Period: (cc) Settlement Business Day: (dd) Cut-off Date: Averaging does not apply to the Securities. DISTRIBUTION AND US SALES ELIGIBILITY 43. Selling Restrictions: Not applicable 44. Additional U.S. Federal income tax consequences: 45. Registered broker/dealer:

14 46. TEFRA C or TEFRA: 47. Non exempt Offer: An offer of the Securities may be made by SIP Nordic Fondkommission A.B. (the "Distributor") (together with the Manager, the "Financial Intermediaries") other than pursuant to Article 3(2) of the Prospectus Directive in Finland ("Public Offer Jurisdiction") during the period from 2 January 2014 until 7 February 2014 ("Offer Period"). See further Paragraph 8 of Part B below. PROVISIONS RELATING TO COLLATERAL AND SECURITY 48. Collateral Security Conditions: Responsibility The Issuer accepts responsibility for the information contained in these Final Terms. To the best of the knowledge of the Issuer (who has taken all reasonable care to ensure that such is the case), the information contained herein is in accordance with the facts and does not omit anything likely to affect the import of such information. Signed on behalf of BNP Paribas Arbitrage Issuance B.V. As Issuer: By: Caroline COUTURE. Duly authorised

15 1. Listing and Admission to trading PART B - OTHER INFORMATION Application will be made to list the Securities on the Nordic Derivatives Exchange Stockholm (the NDX ) and to admit the Securities described herein for trading on the NDX. 2. Ratings The Securities have not been rated 3. Interests of Natural and Legal Persons Involved in the Offer "Save as discussed in the "Potential Conflicts of Interest" paragraph in the "Risk Factors" in the Base Prospectus, so far as the Issuer is aware, no person involved in the offer of the Securities has an interest material to the offer." 4.Performance of Underlying/Formula/Other Variable, Explanation of Effect on Value of Investment and Associated Risks and Other Information concerning the Underlying See Base Prospectus for an explanation of effect on value of Investment and associated risks in investing in Securities. Past and further performances of the Underlying Index are available on the relevant following Exchange websites, and its volatility may be obtained at the office of the Calculation Agent by mail to the following address: eqd.nordic@uk.bnpparibas.com The Issuer does not intend to provide post-issuance information Place where information on the Underlying can be obtained: EURO STOXX 50 Index Website: Hang Seng Index Website: OMXS 30 Index Website: Russian Depositary Receipts Index Website: Taiwan Taiex Index Website:

16 5. Operational Information Relevant Clearing System(s): Any Clearing System(s) other than Euroclear Bank S.A./N.V., Clearstream Banking, société anonyme, Euroclear France, Euroclear Netherlands, include the relevant identification number(s) and in the case of Swedish Securities, the Swedish Security Agent: Euroclear Finland Identification number: Finnish Security Agent: Svenska Handelsbanken AB (publ), Helsinki Branch Aleksanterinkatu Helsinki Finland 6. Terms and Conditions of the Public Offer Offer Period: As set out in 47 Offer Price: 100% of Notional Amount per Security. Conditions to which the offer is subject: Description of the application process: Details of the minimum and/or maximum amount of application: Description of possibility to reduce subscriptions and manner for refunding excess amount paid by applicants: Details of the method and time limits for paying up and delivering the Securities: The Issuer reserves the right to withdraw the offer of the Securities at any time on or prior to the Offer End Date (as defined below). For the avoidance of doubt, if any application has been made by a potential investor and the Issuer exercises such a right, each such potential investor shall not be entitled to subscribe or otherwise acquire the Securities. Interested investors may subscribe for the Certificates through the Distributor from, on or about 2 January 2014 to, and including, 7 February 2014, or such earlier date as the Issuer determines as notified to Holders on or around such earlier date by a publication of at the following website address: Minimum subscription amount per investor: EUR 1,000 (i.e. 1 Certificates) and multiples of EUR 1,000 (i.e. 1 Certificate) thereafter Maximum subscription amount per investor: Up to EUR 20,000,000. The Securities will be issued on the Issue Date against payment to the Issuer by the Distributor of the gross subscription moneys. The Securities are cleared through the clearing systems and are due to be delivered through the Distributor on or around the Issue Date. Manner in and date on which results of the offer are to be made public: Procedure for exercise of any right of preemption, negotiability of subscription rights and treatment of subscription rights not exercised: Publication on the website: FI in each case on or around 25 February 2014

17 Categories of potential investors to which the Securities are offered: Process for notification to applicants of the amount allotted and indication whether dealing may begin before notification is made: Retail, private and institutional investors. In the case of over subscription, allotted amounts will be notified to applicants by a publication on at the following website address: on or around 25 February No dealing in the Securities may begin before any such notification is made. In all other cases, allotted amounts will be equal to the amount of the application, and no further notification shall be made. In all cases, no dealing in the Securities may take place prior to the Issue Date. 7. Placing and Underwriting Name(s) and address(es), to the extent known to the issuer, of the placers in the various countries where the offer takes place: SIP Nordic Fondkommission AB Hitechbuilding Stockholm Sweden No underwriting commitment is undertaken by the Distributor. Name and address of the co-ordinator(s) of the global offer and of single parts of the offer: Name and address of any paying agents and depository agents in each country (in addition to the Principal Paying Agent): Svenska Handelsbanken AB (publ), Helsinki Branch Aleksanterinkatu Helsinki Finland Euroclear Finland Oy P.O Box 1110 FI Helsinki Finland Entities agreeing to underwrite the issue on a firm commitment basis, and entities agreeing to place the issue without a firm commitment or under "best efforts" arrangements: When the underwriting agreement has been or will be reached: 8. Yield 9. Historic Interest Rates

18 Index Disclaimer Neither the Issuer nor the Guarantor shall have any liability for any act or failure to act by an Index Sponsor in connection with the calculation, adjustment or maintenance of an Index. Except as disclosed prior to the Issue Date, neither the Issuer, the Guarantor nor their affiliates has any affiliation with or control over an Index or Index Sponsor or any control over the computation, composition or dissemination of an Index. Although the Calculation Agent will obtain information concerning an Index from publicly available sources it believes reliable, it will not independently verify this information. Accordingly, no representation, warranty or undertaking (express or implied) is made and no responsibility is accepted by the Issuer, the Guarantor, their affiliates or the Calculation Agent as to the accuracy, completeness and timeliness of information concerning an Index. EURO STOXX 50 Index STOXX and its licensors (the "Licensors") have no relationship to BNP PARIBAS, other than the licensing of the EURO STOXX 50 Index and the related trademarks for use in connection with the Certificates. STOXX and its Licensors do not: Sponsor, endorse, sell or promote the Certificates. Recommend that any person invest in the Certificates or any other securities. Have any responsibility or liability for or make any decisions about the timing, amount or pricing of Certificates. Have any responsibility or liability for the administration, management or marketing of the Certificates. Consider the needs of the Certificates or the owners of the Certificates in determining, composing or calculating the EURO STOXX 50 Index or have any obligation to do so. STOXX and its Licensors will not have any liability in connection with the Certificates. Specifically, STOXX and its Licensors do not make any warranty, express or implied and disclaim any and all warranty about: The results to be obtained by the Certificates, the owner of the Certificates or any other person in connection with the use of the EURO STOXX 50 Index and the data included in the EURO STOXX 50 Index; The accuracy or completeness of the EURO STOXX 50 Index and its data; The merchantability and the fitness for a particular purpose or use of the EURO STOXX 50 Index and its data; STOXX and its Licensors will have no liability for any errors, omissions or interruptions in the EURO STOXX 50 Index or its data; Under no circumstances will STOXX or its Licensors be liable for any lost profits or indirect, punitive, special or consequential damages or losses, even if STOXX or its Licensors knows that they might occur. The licensing agreement between BNP PARIBAS and STOXX is solely for their benefit and not for the benefit of the owners of the Certificates or any other third parties. Hang Seng Index The Hang Seng Index (the "Index") is/are published and compiled by Hang Seng Indexes Company Limited pursuant to a licence from Hang Seng Data Services Limited. The mark and name Hang Seng Index are proprietary to Hang Seng Data Services Limited. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited have agreed to the use of, and reference to, the Index by BNP Paribas Arbitrage Issuance B.V. in connection with Athena Worst-of Certificates (the "Product"), but neither Hang Seng Indexes Company Limited nor Hang Seng Data Services Limited warrants or represents or guarantees to any broker or holder of the Product or any other person (i) the accuracy or completeness of any of the Index and its computation or any information related thereto; or (ii) the fitness or suitability for any purpose of any of the Index or any component or data comprised in it; or (iii) the results which may be obtained by any person from the use of any of the Index or any component or data comprised in it for any purpose, and no warranty or representation or guarantee of any

19 kind whatsoever relating to any of the Index is given or may be implied. The process and basis of computation and compilation of any of the Index and any of the related formula or formulae, constituent stocks and factors may at any time be changed or altered by Hang Seng Indexes Company Limited without notice. To the extent permitted by applicable law, no responsibility or liability is accepted by Hang Seng Indexes Company Limited or Hang Seng Data Services Limited (i) in respect of the use of and/or reference to any of the Index by BNP Paribas Arbitrage Issuance B.V. in connection with the Product; or (ii) for any inaccuracies, omissions, mistakes or errors of Hang Seng Indexes Company Limited in the computation of any of the Index; or (iii) for any inaccuracies, omissions, mistakes, errors or incompleteness of any information used in connection with the computation of any of the Index which is supplied by any other person; or (iv) for any economic or other loss which may be directly or indirectly sustained by any broker or holder of the Product or any other person dealing with the Product as a result of any of the aforesaid, and no claims, actions or legal proceedings may be brought against Hang Seng Indexes Company Limited and/or Hang Seng Data Services Limited in connection with the Product in any manner whatsoever by any broker, holder or other person dealing with the Product. Any broker, holder or other person dealing with the Product does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on Hang Seng Indexes Company Limited and Hang Seng Data Services Limited. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other person and Hang Seng Indexes Company Limited and/or Hang Seng Data Services Limited and must not be construed to have created such relationship. OMXS30 TM Index The Product(s) is not sponsored, endorsed, sold or promoted by The NASDAQ OMX Group, Inc. or its affiliates (NASDAQ OMX, with its affiliates, are referred to as the Corporations ). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Product(s). The Corporations make no representation or warranty, express or implied to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly, or the ability of the OMXS30 Index to track general stock market performance. The Corporations' only relationship to BNP Paribas ( Licensee ) is in the licensing of the NASDAQ, OMX, NASDAQ OMX, OMXS30TM, and OMXS30 IndexTM registered trademarks and certain trade names of the Corporations and the use of the OMXS30 Index which is determined, composed and calculated by NASDAQ OMX without regard to Licensee or the Product(s). NASDAQ OMX has no obligation to take the needs of the Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the OMXS30 Index. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Product(s). The Corporations do not guarantee the accuracy and/or uninterrupted calculation of the OMXS30 Index or any data included therein. The Corporations make no warranty, express or implied, as to results to be obtained by Licensee, owners of the product(s), or any other person or entity from the use of the OMXS30 Index or any data included therein. The Corporations make no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the OMXS30 Index or any data included therein. Without limiting any of the foregoing, in no event shall the Corporations have any liability for any lost profits or special, incidental, punitive, indirect, or consequential damages, even if notified of the possibility of such damages. Russian Depositary Receipts Index The Russian Depositary Receipts Index (Russian Depositary Receipts Index in EUR) was developed and is real-time calculated and published by Wiener Börse AG. The abbreviation of the index is protected by copyright law as trademarks. The Russian Depositary Receipts Index description, rules and composition are available online on - the index portal of Wiener Börse AG. Wiener Börse does not guarantee the accuracy and/or the completeness of the Russian Depositary Receipts Index or any data included therein and Wiener Börse shall have no liability for any errors, omissions, or interruptions therein. A non-exclusive authorization to use the Russian Depositary Receipts Index in conjunction with financial products was granted upon the conclusion of a license agreement between Issuer and Wiener Börse AG. The only relationship to the Licensee is the licensing of certain trademarks and trade names of Russian Depositary Receipts Index which is

20 determined, composed and calculated by Wiener Börse without regard to the Licensee or the Product(s). Wiener Börse reserves the rights to change the methods of index calculation or publication, to cease the calculation or publication of the Russian Depositary Receipts Index or to change the Russian Depositary Receipts Index trademarks or cease the use thereof. The issued Product(s) is/are not in any way sponsored, endorsed, sold or promoted by the Wiener Börse. Wiener Börse makes no warranty or representation whatsoever, express or implied, as to results to be obtained by Licensee, owners of the product(s), or any other person or entity from the use of the Russian Depositary Receipts Index or any data included therein. Without limiting any of the foregoing, in no event shall Wiener Börse have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. Taiwan Taiex Index The issue of the Securities is not sponsored, endorsed, sold, or promoted by any index to which the return on the Securities is linked (an "Index", including any successor index) or any index sponsor of an Index to which the return on the Securities is linked (an "Index Sponsor") and no Index Sponsor makes any representation whatsoever, whether express or implied, either as to the results to be obtained from the use of an Index and/or the levels at which an Index stands at any particular time on any particular date or otherwise. No Index or Index Sponsor shall be liable (whether in negligence or otherwise) to any person for any error in an Index and an Index Sponsor is under no obligation to advise any person of any error therein. No Index Sponsor is making any representation whatsoever, whether express or implied, as to the advisability of purchasing or assuming any risk in connection with the Securities. Neither the Issuer nor the Guarantor shall have any liability for any act or failure to act by an Index Sponsor in connection with the calculation, adjustment or maintenance of an Index. Except as disclosed prior to the Issue Date, neither the Issuer, the Guarantor nor their affiliates has any affiliation with or control over an Index or Index Sponsor or any control over the computation, composition or dissemination of an Index. Although the Calculation Agent will obtain information concerning an Index from publicly available sources it believes reliable, it will not independently verify this information. Accordingly, no representation, warranty or undertaking (express or implied) is made and no responsibility is accepted by the Issuer, the Guarantor, their affiliates or the Calculation Agent as to the accuracy, completeness and timeliness of information concerning an Index.

21 ISSUE SPECIFIC SUMMARY OF THE PROGRAMME IN RELATION TO THIS BASE PROSPECTUS Summaries are made up of disclosure requirements known as "Elements". These Elements are numbered in Sections A E (A.1 E.7). This Summary contains all the Elements required to be included in a summary for this type of Securities, Issuer and Guarantor. Because some Elements are not required to be addressed, there may be gaps in the numbering sequence of the Elements. Even though an Element may be required to be inserted in the summary because of the type of Securities, Issuer and Guarantor(s), it is possible that no relevant information can be given regarding the Element. In this case a short description of the Element should be included in the summary explaining why it is not applicable. Section A - Introduction and warnings Element Title A.1 Warning that the summary should be read as an introduction and provision as to claims This summary should be read as an introduction to the Base Prospectus and the applicable Final Terms. In this summary, unless otherwise specified and except as used in the first paragraph of Element D.3, "Base Prospectus" means the Base Prospectus of BNPP B.V., BNPP, BP2F, BNPPF and BGL dated 3 June 2013 as supplemented from time to time. In the first paragraph of Element D.3, "Base Prospectus" means the Base Prospectus of BNPP B.V., BNPP, BP2F, BNPPF and BGL dated 3 June 2013." Any decision to invest in any Securities should be based on a consideration of the Base Prospectus as a whole, including any documents incorporated by reference and the applicable Final Terms. Where a claim relating to information contained in the Base Prospectus and the applicable Final Terms is brought before a court in a Member State of the European Economic Area, the plaintiff may, under the national legislation of the Member State where the claim is brought, be required to bear the costs of translating the Base Prospectus and the applicable Final Terms before the legal proceedings are initiated. No civil liability will attach to the Issuer or the Guarantor in any such Member State solely on the basis of this summary, including any translation hereof, unless it is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus and the applicable Final Terms or, following the implementation of the relevant provisions of Directive 2010/73/EU in the relevant Member State, it does not provide, when read together with the other parts of the Base Prospectus and the applicable Final Terms, key information (as defined in Article 2.1(s) of the Prospectus Directive) in order to

22 Element Title A.2 Consent as to use the Base Prospectus, period of validity and other conditions attached aid investors when considering whether to invest in the Securities. Consent: Subject to the conditions set out below, the Issuer consents to the use of the Base Prospectus in connection with a Non-exempt Offer of Securities by the Managers and SIP Nordic Fondkommission AB (each an "Authorised Offeror"). Offer period: The Issuer's consent referred to above is given for Non-exempt Offers of Securities from 2 January 2014 to 7 February 2014 (the "Offer Period"). Conditions to consent: The conditions to the Issuer s consent are that such consent (a) is only valid during the Offer Period; (b) only extends to the use of the Base Prospectus to make Non-exempt Offers of the relevant Tranche of Securities in Finland. AN INVESTOR INTENDING TO ACQUIRE OR ACQUIRING ANY SECURITIES IN A NON-EXEMPT OFFER FROM AN AUTHORISED OFFEROR WILL DO SO, AND OFFERS AND SALES OF SUCH SECURITIES TO AN INVESTOR BY SUCH AUTHORISED OFFEROR WILL BE MADE, IN ACCORDANCE WITH ANY TERMS AND OTHER ARRANGEMENTS IN PLACE BETWEEN SUCH AUTHORISED OFFEROR AND SUCH INVESTOR INCLUDING AS TO PRICE, ALLOCATIONS AND SETTLEMENT ARRANGEMENTS. THE INVESTOR MUST LOOK TO THE AUTHORISED OFFEROR AT THE TIME OF SUCH OFFER FOR THE PROVISION OF SUCH INFORMATION AND THE AUTHORISED OFFEROR WILL BE RESPONSIBLE FOR SUCH INFORMATION. Section B - Issuer and Guarantor Element Title B.1 Legal and commercial name of the Issuer B.2 Domicile/ legal form/ legislation/ country of incorporation B.4b Trend information B.5 Description of the Group BNP Paribas Arbitrage Issuance B.V. ("BNPP B.V." or the "Issuer"). The Issuer was incorporated in the Netherlands as a private company with limited liability under Dutch law having its registered office at Herengracht 537, 1017 BV Amsterdam, the Netherlands. Not applicable, there are no trends, uncertainties, demands, commitments or events that are reasonably likely to have a material effect on any of BNPP B.V. and the industries in which it operates for at least the current financial year. BNPP B.V. is a wholly owned subsidiary of BNP Paribas. BNP Paribas is the ultimate holding company of a group of companies and manages financial operations for those subsidiary companies (together the "BNPP Group"). B.9 Profit forecast Not applicable, the Issuer has not made a profit forecast or estimate.

23 Element Title or estimate B.10 Audit report qualifications B.12 Selected historical key financial information: Not applicable, there are no qualifications in any audit report on the historical financial information included in the Base Prospectus. Comparative Annual Financial Data - In EUR 31/12/ /12/2012 Revenues 317, ,955 Net income, Group share 21,233 22,531 Total balance sheet 32,347,971,221 37,142,623,335 Shareholders equity (Group share) 366, ,414 Comparative Interim Financial Data In EUR 30/06/ /06/2013 Revenues 180, ,051 Net income, Group share 11,989 9,831 Total balance sheet 35,550,297,750 39,988,616,135 Shareholders equity (Group share) 378, ,245 Statements of no significant or material adverse change There has been no significant change in the financial or trading position of the BNPP Group since 30 September 2013 and there has been no material adverse change in the prospects of the BNPP Group since 31 December There has been no significant change in the financial or trading position of the BNPP B.V. since 30 June 2013 and there has been no material adverse change in the prospects of BNPP B.V. since 31 December B.13 Events impacting the Issuer's solvency B.14 Dependence upon other group entities B.15 Principal activities B.16 Controlling shareholders B.17 Solicited credit ratings Not applicable, to the best of the Issuer's knowledge there have not been any recent events which are to a material extent relevant to the evaluation of the Issuer's solvency since 31 December The Issuer is dependent upon BNPP and other members of the BNPP Group. See also Element B.5 above. The principal activity of the Issuer is to issue and/or acquire financial instruments of any nature and to enter into related agreements for the account of various entities within the BNPP Group. BNP Paribas holds 100 per cent. of the share capital of the Issuer. BNPP B.V.'s long term credit ratings are A+ with a negative outlook (Standard & Poor's Credit Market Services France SAS) and BNPP B.V.'s short term credit ratings are A-1 (Standard & Poor's Credit Market Services France SAS). The Securities have not been rated. A security rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning rating agency. B.18 Description of The Securities will be unconditionally and irrevocably guaranteed by BNP

24 Element Title the Guarantee B.19 Information about the Guarantor B.19/ B.1 B.19/ B.2 B.19/ B.4b Legal and commercial name of the Guarantor Domicile/ legal form/ legislation/ country of incorporation Trend information Paribas ("BNPP" or the "Guarantor") pursuant to an English law deed of guarantee executed by BNPP on 3 June 2013 (the "Guarantee"). The obligations under the guarantee are direct unconditional, unsecured and unsubordinated obligations of BNPP and rank and will rank pari passu among themselves and at least pari passu with all other direct, unconditional, unsecured and unsubordinated indebtedness of BNPP (save for statutorily preferred exceptions). BNP Paribas The Guarantor was incorporated in France as a société anonyme under French law and licensed as a bank having its head office at 16, boulevard des Italiens Paris, France. Macroeconomic Conditions. BNPP's results of operations are affected by the macroeconomic and market environment. Given the nature of its business, BNPP is particularly susceptible to macroeconomic and market conditions in Europe, which have experienced disruptions in recent years. While global economic conditions generally improved over the course of 2012, growth prospects diverge for advanced and developing economies in 2013 and going forward. In the Euro-zone, sovereign spreads came down in 2012 from historically high levels, although uncertainty remains over the solvability of certain sovereigns and the extent to which E.U. member states are willing to provide additional financing. Legislation and Regulations Applicable to Financial Institutions. BNPP is affected by legislation and regulations applicable to global financial institutions, which are undergoing significant change in the wake of the global financial crisis. New measures that have been proposed and adopted include more stringent capital and liquidity requirements, taxes on financial transactions, restrictions and taxes on employee compensation, limits on commercial banking activities, restrictions of types of financial products, increased internal control and transparency requirements, more stringent business conduct rules, mandatory reporting and clearing of derivative transactions, requirements to mitigate risks relating to OTC derivatives and the creation of new and strengthened regulatory bodies. New or proposed measures that affect or will affect BNPP include the Basel 3 and CRD4 prudential frameworks, the related requirements announced by the EBA, the designation of BNPP as a systemically important financial institution by the FSB, the French banking law, the E.U. Liikanen proposal and the Federal Reserve s proposed framework for the regulation of foreign banks. B.19/B.5 Description of the Group BNPP is a European leading provider of banking and financial services and has four domestic retail banking markets in Europe, namely in Belgium, France,