Market Report for October to December 2018

In the fourth quarter of 2018 the turnover in the primary market accounted for 1.40 bn EUR, which is a high increase of 52% compared
to Q3 2018 and 1% compared to the equivalent fourth quarter of 2017. The turnover of structured products sold (back) on the secondary
market in Belgium amounted to 1.05 bn EUR, an increase both of 5% compared to Q3 2018 and 2% compared to last year equivalent Q4
2017. Underlying-wise, the turnover in equity-linked products in Q4 2018 accounted for 0.74 bn EUR (primary market) and 0.86 bn EUR
(secondary market), respectively. In Q4 2018 there are significantly more structured products sold on the primary market with a capital
protection feature in then there were in Q3 2018 (88% more).

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