FINAL TERMS DATED 13 JUNE BNP Paribas Arbitrage Issuance B.V. (incorporated in The Netherlands) (as Issuer)

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1 FINAL TERMS DATED 13 JUNE 2013 BNP Paribas Arbitrage Issuance B.V. (incorporated in The Netherlands) (as Issuer) BNP Paribas (incorporated in France) (as Guarantor) (Note, Warrant and Certificate Programme) SEK "Minifutures" Certificates relating to a Share BNP Paribas Arbitrage S.N.C. (as Manager) Any person making or intending to make an offer of the Securities may only do so: (i) (ii) in those Public Offer jurisdictions mentioned in Paragraph 47 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 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. None of the Issuer, the Guarantor or any 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.. 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 which constitutes 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") and the offer of the Securities is only available on the basis of the bination of these Final Terms and the Base Prospectus. A summary of the Securities (which prises 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 these Final Terms are available for viewing, on the following website: educatedtrading.bnpparibas.se for public offering in Sweden and copies may be obtained free of charge at the specified offices of the Security Agents. The Base Prospectus 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. 1 / 15

2 SPECIFIC PROVISIONS FOR EACH SERIES Series Number / ISIN Code No. of Securities issued No. of Securities Local Code Issue Price per Security Call / Put Exercise Price Interbank Rate 1 Screen Page 2 / 15 Redemption Date NL , ,000 MINILONG ALIV BNP8 SEK Call SEK STIBOR1M= Open End 1 NL , ,000 MINILONG ALIV BNP9 SEK Call SEK STIBOR1M= Open End 1 NL ,000,000 1,000,000 MINILONG BOL BNP12 SEK Call SEK STIBOR1M= Open End 1 NL ,000,000 1,000,000 MINILONG BOL BNP13 SEK Call SEK STIBOR1M= Open End 1 NL , ,000 MINILONG GOOGL BNP8 SEK Call USD USDLIBOR1M= Open End 10 NL , ,000 MINILONG GOOGL BNP9 SEK 93.2 Call USD USDLIBOR1M= Open End 10 NL , ,000 MINILONG LUMI BNP10 SEK 8.99 Call SEK STIBOR1M= Open End 1 NL , ,000 MINILONG LUPE BNP8 SEK 39.3 Call SEK STIBOR1M= Open End 1 NL , ,000 MINILONG MTG BNP9 SEK Call SEK STIBOR1M= Open End 1 NL ,000,000 1,000,000 MINILONG NOKIA BNP14 SEK 3.84 Call EUR 2.27 EURIBOR1M= Open End 1 NL , ,000 MINILONG SKF BNP8 SEK Call SEK STIBOR1M= Open End 1 NL ,000,000 1,000,000 MINILONG STORA BNP8 SEK 9.22 Call SEK STIBOR1M= Open End 1 NL ,000,000 1,000,000 MINILONG STORA BNP9 SEK 6.93 Call SEK STIBOR1M= Open End 1 NL , ,000 MINILONG SSAB BNP9 SEK Call SEK STIBOR1M= Open End 1 NL , ,000 MINILONG SWED BNP10 SEK 24.5 Call SEK STIBOR1M= Open End 1 NL , ,000 MINILONG TELE2 BNP6 SEK Call SEK STIBOR1M= Open End 1 NL , ,000 MINILONG TELE2 BNP7 SEK Call SEK STIBOR1M= Open End 1 NL , ,000 MINILONG TREL BNP7 SEK Call SEK STIBOR1M= Open End 1 NL , ,000 MINILONG TREL BNP8 SEK Call SEK STIBOR1M= Open End 1 NL , ,000 MINILONG TREL BNP9 SEK Call SEK STIBOR1M= Open End 1 NL , ,000 MINILONG TREL BNP10 SEK 13.6 Call SEK STIBOR1M= Open End 1 NL ,000,000 1,000,000 MINILONG VOLV BNP8 SEK Call SEK STIBOR1M= Open End 1 NL ,000,000 1,000,000 MINISHRT ABB BNP7 SEK Put SEK STIBOR1M= Open End 1 NL , ,000 MINISHRT AZN BNP5 SEK Put SEK STIBOR1M= Open End 1 NL , ,000 MINISHRT AZN BNP6 SEK Put SEK STIBOR1M= Open End 1 NL , ,000 MINISHRT ALIV BNP8 SEK Put SEK STIBOR1M= Open End 1 NL , ,000 MINISHRT ALIV BNP9 SEK Put SEK STIBOR1M= Open End 1 Parity

3 NL ,000,000 1,000,000 MINISHRT BOL BNP11 SEK Put SEK STIBOR1M= Open End 1 NL , ,000 MINISHRT GOOGL BNP7 SEK Put USD 1, USDLIBOR1M= Open End 10 NL , ,000 MINISHRT GOOGL BNP8 SEK Put USD 1, USDLIBOR1M= Open End 10 NL , ,000 MINISHRT MTG BNP9 SEK Put SEK STIBOR1M= Open End 1 NL ,000,000 1,000,000 MINISHRT NOKIA BNP18 SEK 3.31 Put EUR 3.09 EURIBOR1M= Open End 1 NL ,000,000 1,000,000 MINISHRT NOKIA BNP19 SEK 4.53 Put EUR 3.23 EURIBOR1M= Open End 1 NL ,000,000 1,000,000 MINISHRT NOKIA BNP20 SEK 5.75 Put EUR 3.37 EURIBOR1M= Open End 1 NL ,000,000 1,000,000 MINISHRT NOKIA BNP21 SEK 6.89 Put EUR 3.50 EURIBOR1M= Open End 1 NL ,000,000 1,000,000 MINISHRT SEB BNP9 SEK Put SEK STIBOR1M= Open End 1 NL ,000,000 1,000,000 MINISHRT SEB BNP10 SEK Put SEK STIBOR1M= Open End 1 NL , ,000 MINISHRT SSAB BNP9 SEK 8.47 Put SEK STIBOR1M= Open End 1 NL , ,000 MINISHRT SHB BNP7 SEK Put SEK STIBOR1M= Open End 1 NL , ,000 MINISHRT SWED BNP8 SEK 29.7 Put SEK STIBOR1M= Open End 1 NL , ,000 MINISHRT SWED BNP9 SEK 37.4 Put SEK STIBOR1M= Open End 1 NL , ,000 MINISHRT TREL BNP8 SEK Put SEK STIBOR1M= Open End 1 NL , ,000 MINISHRT TREL BNP9 SEK Put SEK STIBOR1M= Open End 1 Series Number / ISIN Code Share Share Currency ISIN of Share Reuters Code of Share Share Company Website Exchange NL Autoliv Inc SDB SEK SE ALIVsdb.ST NL Autoliv Inc SDB SEK SE ALIVsdb.ST NL Boliden AB SEK SE BOL.ST NL Boliden AB SEK SE BOL.ST Exchange Website NL Google USD US38259P5089 GOOG.OQ NASDAQ NL Google USD US38259P5089 GOOG.OQ NASDAQ NL Lundin Mining Corporation SDB SEK SE LUMIsdb.ST NL Lundin Petrolium AB SEK SE LUPE.ST 3 / 15

4 NL Modern Times Group ser. B SEK SE MTGb.ST NL Nokia Oyj EUR FI NOK1V.HE Helsinki NL SKF ser. B SEK SE SKFb.ST NL Stora Enso ser. R (SEK) SEK FI STEr.ST NL Stora Enso ser. R (SEK) SEK FI STEr.ST NL SSAB ser. A SEK SE SSABa.ST NL Swedbank ser. A SEK SE SWEDa.ST NL Tele2 AB Ser. B SEK SE TEL2b.ST NL Tele2 AB Ser. B SEK SE TEL2b.ST NL Trelleborg AB ser. B SEK SE TRELb.ST NL Trelleborg AB ser. B SEK SE TRELb.ST NL Trelleborg AB ser. B SEK SE TRELb.ST NL Trelleborg AB ser. B SEK SE TRELb.ST NL AB Volvo Ser. B SEK SE VOLVb.ST NL ABB Ltd SEK CH ABB.ST NL AstraZeneca PLC SEK GB AZN.ST NL AstraZeneca PLC SEK GB AZN.ST NL Autoliv Inc SDB SEK SE ALIVsdb.ST 4 / 15

5 NL Autoliv Inc SDB SEK SE ALIVsdb.ST NL Boliden AB SEK SE BOL.ST NL Google USD US38259P5089 GOOG.OQ NASDAQ NL Google USD US38259P5089 GOOG.OQ NASDAQ NL Modern Times Group ser. B SEK SE MTGb.ST NL Nokia Oyj EUR FI NOK1V.HE Helsinki NL Nokia Oyj EUR FI NOK1V.HE Helsinki NL Nokia Oyj EUR FI NOK1V.HE Helsinki NL Nokia Oyj EUR FI NOK1V.HE Helsinki NL SEB ser. A SEK SE SEBa.ST NL SEB ser. A SEK SE SEBa.ST NL SSAB ser. A SEK SE SSABa.ST NL Svenska Handelsbanken ser. A SEK SE SHBa.ST NL Swedbank ser. A SEK SE SWEDa.ST NL Swedbank ser. A SEK SE SWEDa.ST NL Trelleborg AB ser. B SEK SE TRELb.ST NL Trelleborg AB ser. B SEK SE TRELb.ST 5 / 15

6 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: 10 June Issue Date: 13 June Consolidation: 6. Type of Securities: (a) Certificates. (b) The Securities are Share Securities. The provisions of Annex 3 (Additional Terms and Conditions for Share Securities) and Annex 15 (Additional Terms and Conditions for OET Certificates) shall apply. 7. Form of Securities: Swedish Dematerialised Securities. 8. Business Day Centre(s): The applicable Business Day Centre for the purposes of the definition of "Business Day" in Condition 1 is. 9. Settlement: Settlement will be by way of cash payment (Cash Settled Securities). 10. Rounding Convention for cash Settlement Amount: 11. Variation of Settlement: Issuer's option to vary settlement: 12. Final Payout: ETS Final Payout The Issuer does not have the option to vary settlement in respect of the Securities. Payout Switch: Aggregation: Call Securities or Put Securities. 13. Relevant Asset(s): 14. Entitlement: 15. Conversion Rate: The Conversion Rate on the Valuation Date equals one if the relevant Share Currency is the same as the Settlement Currency or otherwise the rate of exchange between the relevant Share Currency and the Settlement Currency (expressed as the amount of the Settlement Currency for which one unit of the Share Currency can be exchanged) as determined by the Calculation Agent by reference to such sources and at such time on the relevant day as the Calculation Agent may determine acting in good faith and in a mercially reasonable manner. 16. Settlement Currency: The settlement currency for the payment of the Cash Settlement Amount is Swedish Krona ("SEK"). 17. Syndication: The Securities will be distributed on a non-syndicated basis. 18. Minimum Trading Size: 19. Principal Security Agent: 20. Registrar: The Swedish Security Agent as indicated in 5 of Part B - "Other Information". 21. Calculation Agent: BNP Paribas Arbitrage S.N.C boulevard MacDonald, Paris, France. 22. Governing law: English law. 23. Masse provisions (Condition 9.4): 6 / 15

7 PRODUCT SPECIFIC PROVISIONS 24. Index Securities: 25. Share Securities: Applicable. (a) Share(s)/Share Company/Baske t Company/GDR/ ADR: (b) Relative Performance Basket: (c) Share Currency: An ordinary share, or, if so indicated in "Specific Provisions for each Series" above, another share type in the share capital of the relevant Share Company (each a "Share"). See the Specific Provisions for each Series above. (d) ISIN of Share(s): (e) Exchange(s): (f) Related Exchange(s): (g) Exchange Business Day: (h) Scheduled Trading Day: (i) Weighting: (j) Settlement Price: (k) Specified Maximum Days of Disruption: See the Specific Provisions for each Series above. See the Specific Provisions for each Series above. All Exchanges. Single Share Basis. Single Share Basis. Official closing price. Twenty (20) Scheduled Trading Days. (l) Valuation Time: The Scheduled Closing Time as defined in Condition 1. (m) Delayed Redemption of Occurrence of an Extraordinary Event: (n) Share Correction Period: (o) Dividend Payment: (p) Listing Change: (q) Listing Suspension: (r) Illiquidity: (s) Tender Offer: As per Conditions. Applicable. Applicable. Applicable. Applicable. 26. ETI Securities: 27. Debt Securities: 28. Commodity Securities: 29. Inflation Index Securities: 30. Currency Securities: 31. Fund Securities: 7 / 15

8 32. Futures Securities: 33. Credit Securities: 34. Underlying Interest Rate Securities: 35. Preference Share Certificates: 36. OET Certificates: Applicable. (a) Final Price: As per OET Certificate Conditions. (b) Valuation Date: (c) Exercise Price: (d) Capitalised Exercise Price: (e) Capitalised Exercise Price Rounding Rule: (f) Dividend Percentage: (g) Financing Rate: (i) Interbank Rate 1 Screen Page: (ii) Interbank Rate 1 Specified Time: (iii) Interbank Rate 2 Screen Page: (iv) Interbank Rate 2 Specified Time: (v) Financing Rate Percentage: (vi) Financing Rate Range: (h) Automatic Early Redemption: (i) Automatic Early Redemption Payout: (ii) Automatic Early Redemption Date: (iii) Observation Price: As per OET Certificate Conditions. See the Specific Provisions for each Series above. As per OET Certificate Conditions. OET Website(s): educatedtrading.bnpparibas.se. Local Business Day Centre(s):. Upwards. 8 digits. 100 per cent. See the Specific Provisions for each Series above. As per OET Certificate Conditions. In respect of Call Securities: +2.50%. In respect of Put Securities: -2.50%. In respect of Call Securities: 1.5% / 4%. In respect of Put Securities: -4% / -1.5%. Applicable. Automatic Early Redemption Payout 2210/1. 10 Business Day following the Valuation Date. Traded Price. 8 / 15

9 (iv) Observation Price Source: (v) Observation Price Time(s): (vi) Security Threshold: (vii) Security Threshold Rounding Rule: (viii) Security Percentage: (ix) Minimum Security Percentage: (x) Maximum Security Percentage: (xi) Reset Date: 37. Additional Disruption Events: 38. Optional Additional Disruption Events: Exchange. At any time during the opening hours of the Exchange. As per OET Certificate Conditions. The Security Threshold in respect of a Relevant Business Day will be published as soon as practicable after its determination on the OET Website(s), as set out in 36(d). Upwards. 2 digits. 5% 0% 20% As per OET Certificate Conditions. Applicable. (a) The following Optional Additional Disruption Event applies to the Securities: Insolvency Filing. 39. Knock-in Event: 40. Knock-out Event: PROVISIONS RELATING TO WARRANTS (b) Delayed Redemption on Occurrence of an Additional Disruption Event and/or Optional Additional Disruption Event: 41. Provisions relating to Warrants: PROVISIONS RELATING TO CERTIFICATES 42. Provisions relating to Certificates: (a) Notional Amount of each Certificate: (b) Partly Paid Certificates: (c) Interest: (d) Fixed Rate Provisions: (e) Floating Rate Provisions: (f) Linked Interest Certificates: (g) Payment of Premium Amount(s): Applicable. The Certificates are not Partly Paid Certificates. 9 / 15

10 (h) Index Linked Interest Certificates: (i) Share Linked Interest Certificates: (j) ETI Linked Interest Certificates: (k) Debt Linked Interest 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: (i) Optional Redemption Date(s): (ii) Optional Redemption Valuation Date: (iii) Optional Redemption Amount(s): (iv) Notice period (if different from those set out in the Conditions): (u) Automatic Early Redemption: The Certificates are not Instalment Certificates. Applicable provided that (i) no Automatic Early Redemption Event has occurred and (ii) the Issuer has not already designated the Valuation Date in accordance with the OET Certificate Conditions. The day falling ten (10) Business Days immediately following the relevant Optional Redemption Valuation Date. The last Relevant Business Day in September in each year mencing in September of the calendar year after the Issue Date, subject to adjustment in the event that such day is a Disrupted Day as provided in the definition of Valuation Date in Condition 28. Put Payout Not less than 30 days prior to the next occurring Optional Redemption Valuation Date. 10 / 15

11 (v) Renouncement Notice Cut-off Time: (w) Strike Date: (x) Strike Price: (y) Redemption Valuation Date: (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: (a) Eligibility for sale of Securities in the United States to AIs: (b) Eligibility for sale of Securities in the United States to QIBs within the meaning of Rule 144A: (c) Eligibility for sale of Securities in the United States to QIBs within the meaning of Rule 144A who are also QPs within the meaning of the Investment Company Act: 44. Additional U.S. Federal ine tax consequences: 45. Registered broker/dealer: The Securities are not eligible for sale in the United States to AIs. The Securities are not eligible for sale in the United States under Rule 144A to QIBs. The Securities are not eligible for sale in the United States to persons who are QIBs and QPs. 46. TEFRA C or TEFRA: 47. Non exempt Offer: An offer of the Securities may be made by the Manager and BNP Paribas (the "Initial Authorised Offerors"), being persons to whom the Issuer has given consent, other than pursuant to Article 3(2) of the Prospectus Directive in Sweden (the "Public Offer Jurisdiction") during the period from (and including) the Issue Date until (and including) the date on which the Certificates are delisted (the "Offer Period"). General Consent: Other Conditions to consent: See further Paragraph 6 of Part B below. 11 / 15

12 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:... Duly authorised 12 / 15

13 1. Listing and Admission to trading - De listing PART B - OTHER INFORMATION Application will be made to list the Securities on the Nordic Derivatives Exchange ( the NDX ) and to admit the Securities described herein for trading on the NDX with effect from the Issue Date. 2. Ratings The Securities have not been rated. 3. Interests of Natural and Legal Persons Involved in the Issue 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 The Securities are Call Securities or Put Securities relating to a Share and denominated in SEK, the payout of which is Automatic Early Redemption Payout 2210/1 or ETS Final Payout If no Automatic Early Redemption Event has occurred then the Payout at a Valuation Date will be equal to (i) in the case of Call Securities, the excess (if any) of the Final Price over the Capitalised Exercise Price, or (ii) in the case of Put Securities, the excess (if any) of the Capitalised Exercise Price over the Final Price, in each case divided by the Conversion Rate and Parity. If an Automatic Early Redemption Event has occurred then the Payout will be equal to (i) in the case of Call Securities, the excess (if any) of the Final Price over the Capitalised Exercise Price, or (ii) in the case of Put Securities, the excess (if any) of the Capitalised Exercise Price over the Final Price, in each case divided by the Conversion Rate and Parity Such amount will be paid in SEK. The Securities are not capital-protected and, accordingly, investors should be aware that they may sustain a partial or total loss of the purchase price of their Securities. In respect of secondary market transactions, the price of the Securities will depend upon market conditions and may be subject to significant fluctuations. Investment in the Securities is highly speculative, could involve significant risk and should only be considered by persons who can afford a loss of their entire investment. Information on each Share shall be available on the relevant Share Company website as set out in "Specific Provisions for each Series" (in Part A). Past and further performances of each Share are available on the relevant Exchange website as set out in "Specific Provisions for each Series" (in Part A) and the volatility of each Share may be obtained from the Calculation agent by ing listedproducts.sweden@bnpparibas. The Issuer does not intend to provide post-issuance information. SHARE DISCLAIMER The issue of the Securities is not sponsored or promoted by any Share Company and is under the sole responsibility of BNP Paribas. No Share Company makes any representation whatsoever nor promotes the growth of the Securities in relation to their Shares and consequently does not have any financial or legal obligation with respect to the Securities. In addition, Securities do not give the right to dividends distributed by the Share Company or voting rights or any other right with respect of the Share Company. 13 / 15

14 5. Operational Information Relevant Clearing System(s): If other than Euroclear Bank S.A./N.V., Clearstream Banking, société anonyme, Euroclear France, Euroclear Netherlands, Iberclear, Monte Titoli include the relevant identification number and in the case of the Swedish Demateralised Securities, the Swedish Security Agent: Euroclear Sweden. Identification number: Swedish Security Agent: Svenska Handelsbanken AB (publ) Blasieholmstorg 12 SE Sweden 6. Terms and Conditions of the Public Offer Offer Period: Offer Price: 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 Securities: Manner in and date on which results of the offer are to be made public: Procedure for exercise of any right of pre-emption, negotiability of subscription rights and treatment of subscription rights not exercised: Process for notification to applicants of the amount allotted and indication whether dealing may begin before notification is made: Amount of any expenses and taxes specifically charges to the subscriber or purchaser: See paragraph 47 above. The price of the Certificates will vary in accordance with a number of factors including, but not limited to, the price of the relevant Share. Minimum purchase amount per investor: One (1) Certificate. Maximum purchase amount per investor: The number of Certificates issued in respect of each Series of Certificates. The Certificates are cleared through the clearing systems and are due to be delivered on or about the third Business Day after their purchase by the investor against payment of the purchase amount. 7. Placing and Underwriting Name(s) and address(es), to the extent known to the issuer, of None. 14 / 15

15 the placers in the various countries where the offer takes place: Name and address of the coordinator(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): Entities agreeing to underwrite the issue on a firm mitment basis, and entities agreeing to place the issue without a firm mitment or under "best efforts" arrangements: When the underwriting agreement has been or will be reached: BNP Paribas 20 Boulevard des Italiens, Paris, France. BNP Paribas Arbitrage S.N.C. 8. Historic Interest Rates 15 / 15

16 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 of BNPP B.V., BNPP, BP2F, BNPPF and BGL dated 3 June 2013 (the "Base Prospectus") and the applicable Final Terms. 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 aid investors when considering whether to invest in the Securities. 1

17 Element Title A.2 Consent as to use the Base Prospectus, period of validity and other conditions attached 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 BNP Paribas (each an "Authorised Offeror"). Offer period: The Issuer's consent referred to above is given for Non-exempt Offers of Securities from the Issue Date until the date on which the Securities are delisted (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 Kingdom of Sweden. 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 mercial name of the Issuer B.2 Domicile/ legal form/ legislation/ country of incorporation BNP Paribas Arbitrage Issuance B.V. ("BNPP B.V." or the "Issuer"). The Issuer was incorporated in the Netherlands as a private pany with limited liability under Dutch law having its registered office at Herengracht 537, 1017 BV Amsterdam, the Netherlands. B.4b Trend information Not applicable, there are no trends, uncertainties, demands, mitments or events that are reasonably likely to have a material effect on BNPP B.V. and the industries in which it operates for at least the current financial year. B.5 Description of BNPP B.V. is a wholly owned subsidiary of BNP Paribas. BNP Paribas is the 2

18 Element Title the Group ultimate holding pany of a group of panies and manages financial operations for those subsidiary panies (together the "BNPP Group"). B.9 Profit forecast or estimate B.10 Audit report qualifications Not applicable, the Issuer has not made a profit forecast or estimate. Not applicable, there are no qualifications in any audit report on the historical financial information included in the Base Prospectus. B.12 Selected historical key financial information: In EUR 31/12/ /12/2012 Revenues 317, ,955 Net ine, Group share 21,233 22,531 Total balance sheet 32,347,971,221 37,142,623,335 Shareholders equity (Group share) 366, ,414 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 31 December 2012 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 Issuer since 31 December 2012 and there has been no material adverse change in the prospects of the Issuer 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. Not Applicable - No ratings have been assigned to the Issuer or its debt securities at the request of or with the co-operation of the Issuer in the rating process. 3

19 Element Title The Securities have not been rated. A security rating is not a remendation 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 Guarantee The Securities will be unconditionally and irrevocably guaranteed by BNP 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). B.19 Information about the Guarantor B.19/ B.1 B.19/ B.2 B.19/ B.4b Legal and mercial name of the Guarantor Domicile/ legal form/ legislation/ country of incorporation Trend information 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 4

20 Element Title more stringent capital and liquidity requirements, taxes on financial transactions, restrictions and taxes on employee pensation, limits on mercial 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 B.19/B.9 B.19/ B.10 Description of the Group Profit forecast or estimate Audit report qualifications BNPP is a European leading provider of banking and financial services and has four domestic retail banking markets in Europe, namely in Belgium, France, Italy and Luxembourg. It is present in 78 countries and has almost 190,000 employees, including over 145,000 in Europe. BNPP is the parent pany of the BNP Paribas Group (the "BNPP Group"). Not applicable, the Guarantor has not made a profit forecast or estimate. Not applicable, there are no qualifications in any audit report on the historical financial information included in the Base Prospectus B.19/ B.12 Selected historical key financial information: In millions of EUR 31/12/ /12/2012 Revenues 42,384 39,072 Cost of risk (6,797) (3,941) Net ine, Group share 6,050 6,553 Common Equity Tier 1 Ratio (Basel 2.5) 9.6% 11.8% Tier 1 Ratio 11.6% 13.6% Total consolidated balance sheet 1,965,283 1,907,290 Consolidated loans and receivables due from customers 665, ,520 Consolidated items due to customers 546, ,513 Shareholders equity (Group share) 75,370 85,886 5

21 Element Title Statements of no significant or material adverse change See Element B.12 above in the case of the BNPP Group. There has been no material adverse change in the prospects of BNPP since 31 December B.19/ B.13 B.19/ B.14 B.19/ B.15 Events impacting the Guarantor's solvency Dependence upon other Group entities Principal activities Not applicable, to the best of the Guarantor's knowledge there have not been any recent events which are to a material extent relevant to the evaluation of the Guarantor's solvency since 31 December Subject to the following paragraph, BNPP is not dependent upon other members of the BNPP Group. In April 2004, BNPP began outsourcing IT Infrastructure Management Services to the BNP Paribas Partners for Innovation (BP²I) joint venture set up with IBM France at the end of BP²I provides IT Infrastructure Management Services for BNPP and several BNPP subsidiaries in France, Switzerland, and Italy. In mid-december 2011 BNPP renewed its agreement with IBM France for a period lasting until end At the end of 2012, the parties entered into an agreement to gradually extend this arrangement to BNP Paribas Fortis as from BP²I is 50/50-owned by BNPP and IBM France; IBM France is responsible for daily operations, with a strong mitment of BNPP as a significant shareholder. See also Element B.5 above. BNP Paribas holds key positions in its three activities: Retail Banking, which includes: a set of Domestic Markets, prising: French Retail Banking (FRB), BNL banca merciale (BNL bc), Italian retail banking, Belgian Retail Banking (BRB), Other Domestic Markets activities, including Luxembourg Retail Banking (LRB); International Retail Banking, prising: Europe-Mediterranean, BancWest; Personal Finance; 6

22 Element Title Investment Solutions; Corporate and Investment Banking (CIB). B.19/ B.16 B.19/ B.17 Controlling shareholders Solicited credit ratings None of the existing shareholders controls, either directly or indirectly, BNPP. The main shareholders are Société Fédérale de Participations et d Investissement (SFPI) a public-interest société anonyme (public limited pany) acting on behalf of the Belgian government holding 10.3% of the share capital as at 31 December 2012; AXA holding 5.3% of the share capital as at 31 December 2012 and Grand Duchy of Luxembourg holding 1.0% of the share capital as at 31 December To BNPP's knowledge, no shareholder other than SFPI or AXA owns more than 5% of its capital or voting rights. BNPP's long term credit ratings are A+ with a negative outlook (Standard & Poor's Credit Market Services France SAS), A2 with a stable outlook (Moody's Investors Service Ltd.) and A+ with a stable outlook (Fitch France S.A.S.). A security rating is not a remendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning rating agency. Section C Securities Element Title C.1 Type and class of Securities/ ISIN The Securities are certificates ("Certificates") and are issued in Series. The Series Number of the Securities is as set out in the table in Element C.20 below. The Tranche number is as set out in the table in Element C.20 below. The ISIN is as set out in the table in Element C.20 below. The Local Code is as set out in the table in Element C.20 below. The Securities are cash settled Securities. C.2 Currency The currency of this Series of Securities is SEK. C.5 Restriction s on free transferabil ity C.8 Rights attaching to the The Securities will be freely transferable, subject to the offering and selling restrictions in the United States, the European Economic Area, Austria, Belgium, the Czech Republic, France, Germany, Hungary, Ireland, Portugal, Spain, the Republic of Italy, the Netherlands, Poland, the United Kingdom, Japan and Australia and under the Prospectus Directive and the laws of any jurisdiction in which the relevant Securities are offered or sold. Securities issued under the Programme will have terms and conditions relating to, among other matters: 7

23 Element Title Securities Status The Certificates are issued on a unsecured basis. Securities issued on an unsecured basis constitute direct, unconditional, unsecured and unsubordinated obligations of the Issuer and rank and will rank pari passu among themselves and at least pari passu with all other direct, unconditional, unsecured and unsubordinated indebtedness of the Issuer (save for statutorily preferred exceptions). Taxation The Holder must pay all taxes, duties and/or expenses arising from the exercise and settlement or redemption of the W&C Securities and/or the delivery or transfer of the Entitlement. The Issuer shall deduct from amounts payable or assets deliverable to Holders certain taxes and expenses not previously deducted from amounts paid or assets delivered to Holders, as the Calculation Agent determines are attributable to the W&C Securities. Payments will be subject in all cases to (i) any fiscal or other laws and regulations applicable thereto in the place of payment, but without prejudice to the provisions of Note Condition 6, (ii) any withholding or deduction required pursuant to an agreement described in Section 1471(b) of the U.S. Internal Revenue Code of 1986 (the "Code") or otherwise imposed pursuant to Sections 1471 through 1474 of the Code, any regulations or agreements thereunder, any official interpretations thereof, or (without prejudice to the provisions of Note Condition 6) any law implementing an intergovernmental approach thereto, and (iii) any withholding or deduction required pursuant to Section 871(m) of the Code. Negative pledge The terms of the Securities will not contain a negative pledge provision. Events of Default The terms of the Securities will not contain events of default. Meetings The terms of the Securities will contain provisions for calling meetings of holders of such Securities to consider matters affecting their interests generally. These provisions permit defined majorities to bind all holders, including holders who did not attend and vote at the relevant meeting and holders who voted in a manner contrary to the majority. Governing law The W&C Securities, the English Law Agency Agreement, the Related 8

24 Element Title Guarantee in respect of the W&C Securities and any non-contractual obligations arising out of or in connection with the W&C Securities, the English Law Agency Agreement and the Guarantee in respect of the W&C Securities will be governed by and shall be construed in accordance with English law. C.9 Interest/ Redemptio n Interest The Securities do not bear or pay interest. Redemption Unless previously redeemed or cancelled, each Security will be redeemed on the Redemption Date as set out in the table in item C20 below. The Certificates may be redeemed early at the option of the Holders at the Optional Redemption Amount equal to: Put Payout 2210 (i) if the Securities are specified in the applicable Final Terms as being Call Securities: Final Price Early - Capitalised Exercise Price Max 0; ; or Parity x Conversion Rate Early (ii) if the Securities are specified in the applicable Final Terms as being Put Securities: Capitalised Exercise Price - Final Price Early Max 0;.] Parity x Conversion Rate Early Representative of Securityholders No representative of the Securityholders has been appointed by the Issuer. Please also refer to item C.8 above for rights attaching to the Securities. C.10 Derivative ponent in the interest payment C.11 Admission to Trading Not Applicable Application has been made by the Issuer (or on its behalf) for the Securities to be admitted to trading on Nordic Derivatives Exchange (the NDX ). C.15 How the value of The amount payable on redemption is calculated by reference to the Underlying Reference(s). See item C.9 above and C.18 below. 9

25 Element Title the investment in the derivative securities is affected by the value of the underlying assets C.16 Maturity of the derivative Securities C.17 Settlement Procedure C.18 Return on derivative securities The Redemption Date of the Securities is as set out in the table in item C.20 below This Series of Securities is cash settled. The Issuer does not have the option to vary settlement. See Element C.8 above for the rights attaching to the Securities. Final Redemption Unless previously redeemed or purchased and cancelled, each Security entitles its holder to receive from the Issuer on the Redemption Date a Cash Settlement Amount equal to: Final Payouts ETS Final Payouts ETS Final Payout 2210: (i) if the Securities are specified in the applicable Final Terms as being Call Securities: FinalPrice- Capitalised ExercisePrice Max 0; ; or Parity x ExchangeRate Final (ii) if the Securities are specified in the applicable Final Terms as being Put Securities: Capitalised ExercisePrice- FinalPrice Max 0;. Parity x ExchangeRate Final Description of the Payout The Payout will be equal to (i) in the case of Call Securities, the excess (if any) of the Final Price over the Capitalised Exercise Price, or (ii) in the case of Put Securities, the excess (if any) of the Capitalised Exercise Price over the Final 10

26 Element Title Price, in each case divided by the Conversion Rate and Parity. Automatic Early Redemption If on any Automatic Early Redemption Valuation Date an Automatic Early Redemption Event occurs, the Securities will be redeemed early at the Automatic Early Redemption Amount (if any) on the Automatic Early Redemption Date. The Automatic Early Redemption Amount will be an amount equal to: [Automatic Early Redemption Payout 2210/1:] - in respect to Call Securities: Final Price Early - Capitalised Exercise Price ; Max 0; Parity x Conversion Rate Early - in respect to Put Securities: Max 0; Capitalised Exercise Price - Final Price Early Parity x Conversion Rate Early "Automatic Early Redemption Event" means that,:.] - in respect to a Call Security, the Observation Price is less than or equal to the applicable Security Threshold; or - in respect to a Put Security, the Observation Price is greater than or equal to the applicable Security Threshold; "Automatic Early Redemption Date" means on the date falling 10 Business Days following the Valuation Date; C.19 Final referencepr ice of the Underlying The final reference price of the underlying will be determined in accordance with the valuation mechanics set out in Element C.18 above C.20 Underlying The Underlying Reference specified in Element C.18 above as set out in the table below. Information on the Underlying Reference can be obtained from the source as set out in the table below. Series Number / ISIN Code / Tranche number No. of Securities issued Local Code Issue Price per Security Call / Put Exercise Price Interbank Rate 1 Screen Page Redemption Date NL ,000 MINILONG ALIV BNP8 SEK Call SEK STIBOR1M= Open End 1 NL ,000 MINILONG ALIV BNP9 SEK Call SEK STIBOR1M= Open End 1 Parity 11

27 NL ,000,000 MINILONG BOL BNP12 SEK Call SEK STIBOR1M= Open End 1 NL ,000,000 MINILONG BOL BNP13 SEK Call SEK STIBOR1M= Open End 1 NL ,000 MINILONG GOOGL BNP8 NL ,000 MINILONG GOOGL BNP9 SEK SEK 93.2 Call Call USD USDLIBOR1M = USD USDLIBOR1M = Open End Open End NL ,000 MINILONG LUMI BNP10 SEK 8.99 Call SEK STIBOR1M= Open End 1 NL ,000 MINILONG LUPE BNP8 SEK 39.3 Call SEK STIBOR1M= Open End 1 NL ,000 MINILONG MTG BNP9 SEK Call SEK STIBOR1M= Open End 1 NL ,000,000 MINILONG NOKIA BNP14 SEK 3.84 Call EUR 2.27 EURIBOR1M= Open End NL ,000 MINILONG SKF BNP8 SEK Call SEK STIBOR1M= Open End 1 NL ,000,000 MINILONG STORA BNP8 SEK 9.22 Call SEK STIBOR1M= Open End 1 NL ,000,000 MINILONG STORA BNP9 SEK 6.93 Call SEK STIBOR1M= Open End 1 NL ,000 MINILONG SSAB BNP9 SEK Call SEK STIBOR1M= Open End 1 NL ,000 MINILONG SWED BNP10 SEK 24.5 Call SEK STIBOR1M= Open End 1 NL ,000 MINILONG TELE2 BNP6 SEK Call SEK STIBOR1M= Open End 1 NL ,000 MINILONG TELE2 BNP7 SEK Call SEK STIBOR1M= Open End 1 NL ,000 MINILONG TREL BNP7 SEK Call SEK STIBOR1M= Open End 1 NL ,000 MINILONG TREL BNP8 SEK Call SEK STIBOR1M= Open End 1 NL ,000 MINILONG TREL BNP9 SEK Call SEK STIBOR1M= Open End 1 NL ,000 MINILONG TREL BNP10 SEK 13.6 Call SEK STIBOR1M= Open End 1 NL ,000,000 MINILONG VOLV BNP8 SEK Call SEK STIBOR1M= Open End 1 NL ,000,000 MINISHRT ABB BNP7 SEK Put SEK STIBOR1M= Open End 1 NL ,000 MINISHRT AZN BNP5 SEK Put SEK STIBOR1M= Open End 1 NL ,000 MINISHRT AZN BNP6 SEK Put SEK STIBOR1M= Open End 1 NL ,000 MINISHRT ALIV BNP8 SEK Put SEK STIBOR1M= Open End 1 NL ,000 MINISHRT ALIV BNP9 SEK Put SEK STIBOR1M= Open End 1 NL ,000,000 MINISHRT BOL BNP11 SEK Put SEK STIBOR1M= Open End 1 NL ,000 MINISHRT GOOGL BNP7 SEK NL ,000 MINISHRT GOOGL BNP8 SEK Put Put USD 1, USD 1, USDLIBOR1M = USDLIBOR1M = Open End Open End NL ,000 MINISHRT MTG BNP9 SEK Put SEK STIBOR1M= Open End 1 NL ,000,000 MINISHRT NOKIA BNP18 NL ,000,000 MINISHRT NOKIA BNP19 NL ,000,000 MINISHRT NOKIA BNP20 NL ,000,000 MINISHRT NOKIA BNP21 SEK 3.31 SEK 4.53 SEK 5.75 SEK 6.89 Put EUR 3.09 EURIBOR1M= Open End Put EUR 3.23 EURIBOR1M= Open End Put EUR 3.37 EURIBOR1M= Open End Put EUR 3.50 EURIBOR1M= Open End NL ,000,000 MINISHRT SEB BNP9 SEK Put SEK STIBOR1M= Open End 1 NL ,000,000 MINISHRT SEB BNP10 SEK Put SEK STIBOR1M= Open End 1 NL ,000 MINISHRT SSAB BNP9 SEK 8.47 Put SEK STIBOR1M= Open End 1 NL ,000 MINISHRT SHB BNP7 SEK Put SEK STIBOR1M= Open End 1 NL ,000 MINISHRT SWED BNP8 SEK 29.7 Put SEK STIBOR1M= Open End 1 NL ,000 MINISHRT SWED BNP9 SEK 37.4 Put SEK STIBOR1M= Open End 1 NL ,000 MINISHRT TREL BNP8 SEK Put SEK STIBOR1M= Open End 1 NL ,000 MINISHRT TREL BNP9 SEK Put SEK STIBOR1M= Open End